Regulatory Alerts1996-04-10
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Bank of Zambia Circular 07/1996: Minimum Capital Requirements
The Bank of Zambia requires non-bank financial institutions to adhere to clarified capital adequacy calculations and maintain strict minimum capitalization levels at all times. The circular specifies mandatory deductions from primary Tier 1 capital for unbooked provisions, assets with negligible realizable value, and unreconciled inter-branch accounts. Institutions failing to meet these thresholds must immediately inject additional capital or negotiate a progressive capital buildup plan with the regulator by 30 April 1996.
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