BANK OF ZAMBIA

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

January 12, 2011

CB Circular No: 01/2011

To : All Commercial Banks
: Non-Bank Financial Institutions

CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES FOR PERSONAL CURRENT ACCOUNTS AND OTHER GENERAL SERVICES

Further to Circulars No. 1/98 and 4/00 dated 21 January 1998 and 15 May 2000 respectively, please be informed that the due dates for submission of Prudential Returns, Quarterly Financial Statements and the Quarterly Bank Charges for Personal Current Accounts and Other General Services Return for 2011 are as follows:

PRUDENTIAL RETURNS

Month	Due Date
January	8 February 2011
February	9 March 2011
March	8 April 2011
April	10 May 2011
May	8 June 2011
June	12 July 2011
July	9 August 2011
August	8 September 2011
September	10 October 2011
October	8 November 2011
November	8 December 2011
December	10 January 2012

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CB Circular No: 01/2011 - 2 - January 12, 2011

QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES

Quarter	Due Date
1st Quarter	8 April 2011
2nd Quarter	12 July 2011
3rd Quarter	10 October 2011
4th Quarter	10 January 2012

The Prudential Returns should be submitted through the Risk Analysis Automation System (RAAS) of the Bank Supervision Application, while a soft copy of the Bank Charges return should be submitted to banksupervision@boz.zm. A penalty of K 500,000 per return per day will be charged for any delayed submissions or incorrect Prudential and Bank Charges returns.

In the case of Quarterly Financial Statements, a penalty of K 1,500,000 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, the publication of financial statements using incorrect formats and the publication of incorrect information.

Austin K. Mwape (Dr)
DEPUTY GOVERNOR – OPERATIONS