Regulatory Alerts1996-03-21
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Bank of Zambia Circular 06/1996 Corrigendum on Capital Adequacy Requirements
The Bank of Zambia issued a corrigendum to its March 1996 capital adequacy circular to reinstate a previously omitted regulatory clause. The corrected schedule mandates that commercial banks maintain a minimum total capital equal to ten percent of their total on- and off-balance sheet risk-weighted assets or K 2,000 million, whichever amount is higher. This adjustment ensures compliance with the Banking and Financial Services Regulations and clarifies the baseline capital threshold for all licensed commercial banks operating in Zambia.
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