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2022-01-01

CB Circular No. 18 of 2022 Calendar for Submission of Payment Systems Returns for the Year 2023

The Bank of Zambia issues a 2023 submission calendar specifying monthly due dates for prudential returns, credit market monitoring program reports, quarterly financial statements, and bank charges. Financial institutions must electronically submit monthly prudential and CMMP returns through the Bank Supervision Application System while providing soft copies of bank charges returns to designated email addresses. The circular enforces daily penalties of K500 for delayed or incorrect prudential, CMMP, and bank charges returns, alongside a K1,500 daily penalty for quarterly financial statements that are late, improperly formatted, or published without prior regulatory approval.

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[Logo: Bank of Zambia]

Bank of Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

BOZ/EXEC/DGO/bsd/rtns2023/am

December 30, 2022

CB Circular No. : 19/2022

TO : All Heads of Commercial Banks

CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS, CREDIT MARKET MONITORING PROGRAM RETURNS, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES FOR PERSONAL, CURRENT ACCOUNTS AND OTHER SERVICES

Further to CB Circular No.1 of 1998 and CB Circular No.4 of 2000, please be informed that the due dates for submission of Prudential Returns, Quarterly Financial Statements, Quarterly Credit Market Monitoring and the Quarterly Bank Charges for Personal, Current Accounts and other General Services Returns for 2023 are as follows:

1. PRUDENTIAL RETURNS

MonthDue Date
January10 February 2023
February14 March 2023
March14 April 2023
April11 May 2023
May12 June 2023
June14 July 2023
July11 August 2023
August12 September 2023
September11 October 2023
October10 November 2023
November12 December 2023
December11 January 2024

...2/-

Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm, Web: http://www.boz.zm

CB Circular No. 19/2022 - 2 - December 30, 2022

2. BASEL II PILLAR 1 CAPITAL ADEQUACY RETURNS

MonthDue Date
January17 February 2023
February21 March 2023
March21 April 2023
April18 May 2023
May19 June 2023
June21 July 2023
July18 August 2023
August19 September 2023
September19 October 2023
October17 November 2023
November19 December 2023
December18 January 2024

3. INTERNAL CAPITAL ADEQUACY ASSESSMENT (ICAAP) DOCUMENTS

The ICAAP documents for the year ended 31 December 2022 are to be submitted by 30 September 2023.

4. CREDIT MARKET MONITORING PROGRAMME (CMMP), QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES

1st Quarter14 April 2023
2nd Quarter14 July 2023
3rd Quarter12 October 2023
4th Quarter11 January 2024

The Monthly Prudential Returns and Credit Market Monitoring Program (CMMP) Returns should be submitted through the Bank Supervision Application System via https://bsa.boz.zm/bsa while a soft copy of the Bank Charges Returns should be submitted to banksupervision@boz.zm.

A penalty of K500.00 per return per day will be charged for any delayed submissions or incorrect Prudential, CMMP and Bank Charges Returns.

In case of Quarterly Financial Statements, a penalty of K1,500.00 per return per day shall be incurred in any of the following circumstances:

  • Failure to submit the quarterly financial statements;
  • Failure to obtain Bank of Zambia approval prior to publication;
  • Publication of financial statements using incorrect formats; and
  • Publication of incorrect information

[Signature]

Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS

Cc Director – Bank Supervision

Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm, Web: http://www.boz.zm

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