RegAlert
1996-03-21

Added · Updated

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.

Bank of Zambia logo

Zambia

Bank of Zambia

Scan of the document's first page
Share

BOZ published 1 document in the last 30 days — get each new one by email the day it lands.

BANK OF ZAMBIA
P.O. Box 30080 Lusaka
Tel: 228912/228896

21 March 1996

C B Circular No.6/96

TO ALL COMMERCIAL BANKS

Dear Sirs

CORRIGENDUM - CAPITAL ADEQUACY REQUIREMENT

Reference is made to C B circular No. 5/96 dated 5th March 1996. In accordance with the Banking and Financial Services (Capital Adequacy) Regulations, Section V of the computation of capital position schedule attached to the circular should read:

V. MINIMUM TOTAL CAPITAL REQUIREMENT
(10% of total on and off balance sheet risk-weighted assets as established in the First schedule, or K 2,000 million, whichever is higher).

Note that the part making reference to K 2,000 million had been omitted in our earlier circular.

Yours sincerely

S Musokotwane (Dr)
ACTING DEPUTY GOVERNOR

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: In force

Bank of Zambia Circular 5/1996:…1996Bank of Zambia Circular 5/1996: Capital Adequacy Requirements (1996-03-05)Circular No. 5 dated 1996-03-05Circular No. 5 dated 1996-03-05Bank of Zambia Circular06/1996 Corrigendum on Capita…1996-03-21 · this documentBank of Zambia Circular 06/1996 Corrigendum on Capital Adequacy Requirements (1996-03-21)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

This document amends: Bank of Zambia Circular 5/1996: Capital Adequacy Requirements

Similar documents from other regulators

Source: Bank of Zambia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from BOZ

BOZ published 1 document in the last 30 days. We email you each new one the day it's published.

Topics
capital