BANK OF ZAMBIA

Tel. 228888/228903-20

P.O. Box 30080 Lusaka
10101

---

22 September 1997

CB Circular No. 6/97

TO : ALL COMMERCIAL BANKS

Dear Sirs

PUBLICATION OF MONTHLY FINANCIAL STATEMENTS

Further to CB Circular No.5/97 of 29 July 1997, kindly be advised that the presentation format of the monthly financial statements as prescribed by section 61(4) of the Banking and Financial Services Act 1994, has been amended as per attached format.

With effect from 30 September 1997, the publishing requirements will be for the quarterly positions ONLY on all the statements. The quarterly positions refer to the calendar quarter ends i.e 31 March, 30 June, 30 September and 31 December of each year. Thus the 1st quarter statements will show the cumulative positions for the months of January, February and March inclusive and so on.

These statements should be published at the latest, 30 days after the end of each quarter month i.e July 1997, 31 October 1997 etc.

Take note that as per attached format, all the published statements shall notify the public that the month-on-month financial statements in the prescribed format are available upon request at every branch of the bank.

Yours faithfully

Jonathan M Muke
DIRECTOR – FINANCIAL SYSTEM SUPERVISION

---

MONTHLY STATEMENTS

Published in accordance with sections 61(4) of the Banking and Financial Services Act, 1994)

Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank.

K'MILLION

STATEMENT OF ASSETS AND LIABILITIES as at

	31 March 19__	30 June 19__	30 September 19__	31 December 19__
ASSETS
Notes and coins
Balances held with BoZ
Balances held with Commercial banks
Balances held with banks abroad
GRZ securities
Other investments in Zambia
Treasury Bills issued by GRZ
Bills of exchange
Loans and advances
Balances with Branches
Fixed Assets
Other Assets
Total Assets
LIABILITIES
Demand deposits
Savings deposits
Time deposits
Amounts owing to other banks
Amounts owing to banks abroad
Bills payable
Amounts owing to branches
Amounts owing to BoZ
Other liabilities
Capital
Reserves
Total Liabilities

---

MONTHLY STATEMENTS

(Published in accordance with section 61(4) of the Banking and Financial Services Act, 1994)

Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank.

K'MILLIONS

STATEMENT OF CAPITAL POSITION

	Quarter ending
	31 March 19__
	30 June 19__
	30 September 19__
	31 December 19__

PRIMARY (Tier 1) CAPITAL

(a) Paid-up common shares
(b) Eligible preferred shares
(c) Contribution surplus
(d) Retained earnings
(e) General reserves
(f) Statutory reserves
(g) Minority interests (common shareholders’ equity) (h) Sub-total

SS

Goodwill and intangible assets
(i) Investments in unconsolidated subsidiaries and associates (k) Lending of a capital nature to subsidiaries and associates (l) Holding of other banks’ or financial institutions’ capital instruments (m) Assets pledged to secure liabilities Sub-total (A) (items i to m)

OTHER ADJUSTMENTS

Provisions for loan losses
Assets of little or no realizable value
Other adjustments
(n) Sub-total (B)
(Sub-total A above + Other adjustments)
(o) Total primary capital (b-n)

MINIMUM REQUIRED
(Larger of K2,000 or 5% of risk based assets)

EXCESS (DEFICIENCY)

CONDARY (Tier 2) CAPITAL

(a) Eligible preferred share reserves
(b) Eligible subordinated term debt
(c) Eligible loan stock/capital
(d) Revaluation reserves (Max. = 40% of m)
(e) Total secondary capital (items (a) to (c))

ELIGIBLE SECONDARY CAPITAL is limited to 100% of primary capital)

ELIGIBLE TOTAL CAPITAL (I(o) + II)
(Regulatory capital)

MINIMUM TOTAL CAPITAL REQUIREMENT
(10% of total on and off balance sheet risk-weighted assets or K2,000 whichever is higher)

EXCESS (DEFICIENCY)
(IV minus V)

Risk Based Assets

• Delete whichever is not applicable

---

MONTHLY STATEMENTS

(Published in accordance with section 61(4) of the Banking and Financial Services Act, 1994)

Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank.

K'MILLIONS

STATEMENT OF INCOME AND EXPENSES

	1st Quarter ending (31 March 19__)	2nd Quarter ending (30 June 19__)	3rd Quarter ending (30 September 19__)	4th Quarter ending (31 December 19__)	Year to date
Interest Income from:
Loans & overdrafts	0	0	0	0	0
Securities (TBs & GRZ Bonds)	0	0	0	0	0
Other	0	0	0	0	0
Interest expense:
on deposits	0	0	0	0	0
deposits of banks	0	0	0	0	0
liabilities other than deposits	0	0	0	0	0
Net Interest Income					0
Provision for Loan Losses					0
Net interest Income after Loan Losses provision					0
Non-interest income					0
Commission/fees	0	0	0	0	0
Fees on foreign exchange transactions	0	0	0	0	0
Lease rentals	0	0	0	0	0
investments	0	0	0	0	0
other income	0	0	0	0	0
Non-interest expenses					0
Depreciation	0	0	0	0	0
Other expenses	0	0	0	0	0
Net income after taxation					0

• Delete whichever is not applicable

---

MONTHLY STATEMENTS

(Published in accordance with section 61(4) of the Banking and Financial Services Act, 1994)

Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank.

K'MILLIONS

STATEMENT OF LIABILITIES

	Quarter ending
	31 March 19__
	30 June 19__
	30 September 19__
	31 December 19__

(i) LIABILITIES TO THE PUBLIC

1. Demand deposits
2. Savings deposits
3. Time deposits
4. Bills payable

Total Liabilities to the Public

(ii) LIABILITIES TO THE PUBLIC AT THE END OF THE PREVIOUS MONTH

(iii) LIQUID ASSETS

1. Gold coins & bullion
2. Notes & coins which are legal tender in Zambia
3. Balances at BoZ
   (a) Current account
   (b) Statutory deposits account
   (c) Other balances
4. Treasury bills issued by GRZ
5. Money at call with any other bank
6. Bills of exchange and promissory notes eligible for discount at BoZ
7. Local registered securities which are issued or guaranteed by GRZ and which have a final maturity date of not more than six years (at book value) and such any other securities as Minister may have approved
8. Items in transit between banks, between branches of banks and between branches and head office of banks
9. Other assets approved by Minister under paragraph (1) of subsection (3) of s 21 of the Banking Act, 1971

TOTAL LIQUID ASSETS

(iv) RATIOS

1. Liquid assets (items 2,3(a) and 4) as a percentage of total liabilities to the public
2. Total liquid assets as a percentage of total liabilities to the public
3. Total liquid assets as a percentage of total liabilities to the public at the end of the previous month

• Delete whichever is not applicable