Regulatory Alerts2020-04-07
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Bank of Zambia Banking and Financial Services (Classification and Provisioning of Loans) Directives, 2020
The Bank of Zambia has issued the 2020 Classification and Provisioning of Loans Directives to standardize how financial service providers classify loans and allocate provisions. These directives take effect immediately upon the revocation of the 1996 Regulations and require all providers to implement updated reporting and risk assessment protocols. Institutions must familiarize themselves with the attached framework to ensure full regulatory compliance ahead of the transition.
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