CENTRAL BANK OF THE COMOROS

CIRCULAR LETTER No. 001 /2017/BCC/DSBR

AMENDING THE DEADLINE FOR SUBMITTING INCOME STATEMENTS BY CREDIT INSTITUTIONS IN APPLICATION OF REGULATION No. 006/2015/BCC/DSBR

Having regard to Law 80-08 of June 26, 1980, relating to currency and the role of the Central Bank of the Comoros in the control of banks and financial establishments, credit, and foreign exchange;

Having regard to Law No. 13-003/AU of June 12, 2013, regulating the activities of Financial Institutions, in its articles 12, 47, 48, and 103;

Having regard to Law 12-008/AU of June 28, 2012, combating money laundering and the financing of terrorism;

Having regard to Law 12-011/AU of June 28, 2012, regulating and organizing credit leasing;

Having regard to Regulation No. 006/2015/BCC/DSBR relating to periodic accounting situations and income statements to be submitted by credit institutions, in its Article 1;

Having regard to Circular No. 001/2015/BCC/DSBR relating to the submission of periodic accounting situations by credit institutions;

THE GOVERNOR OF THE CENTRAL BANK OF THE COMOROS

Sets the rules relating to the submission of detailed income statements by credit institutions.

Article 1:

An income statement conforming to the model attached as an annex is prepared semi-annually by credit institutions.

Article 2:

The income statement is finalized on the last day of the months of June and December of each year and submitted to the Central Bank of the Comoros within a period of 20 calendar days after the date of closing of the accounts, in accordance with Articles 1 and 2 of Regulation No. 006.

Article 3:

The provisions of this circular letter annul and replace Article 2 of Circular No. 001/2015/BCC/DSBR of January 28, 2015.

It enters into force as of its date of signature.

Moroni, May 30, 2017

Dr. Younoussa Imami

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Place de France. BP 405 MORONI
TEL : (269) 773 18 14 - (269) 773 10 02 – FAX : (269) 773 03 49 E-mail : secretariat@banque-comores.km Site : www.banque-comores.km

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STANDARDIZED INCOME STATEMENT

Name of the establishment:

codes	EXPENSES
1	BANKING OPERATING EXPENSES
2	Expenses on treasury and interbank operations
3	Interest
4.1	Central Bank
4.2	Current credit accounts
4.3	Term accounts and loans
4.4	Securities given under repurchase agreements
4.5	Other interest
5	Commissions
6	Expenses on operations with customers
7	Interest
8.1	Current credit accounts
8.2	Regulated savings accounts (passbook)
8.3	Other accounts and Savings Plans (CEL, PEE ...)
8.4	Term credit accounts
8.5	Cash certificates
8.6	Other interest (blocked accounts; credoc, ded, part. Other sums due to customers)
9	Commissions
10	Expenses on securities operations (including commissions)
11	Expenses on credit leasing operations and similar and simple leasing
13	Expenses on subordinated debt and public funds and earmarked
15	Expenses on foreign exchange operations
16	Expenses on off-balance sheet operations
19.1	Expenses on financing commitments
19.2	Expenses on guarantee commitments
19.3	Expenses on securities commitments
19.4	Expenses on financial derivative instruments
20	Expenses on financial services provision
21	Other banking operating expenses
22	PERSONNEL EXPENSES
25	TAXES AND LEVIES
27	OTHER OPERATING EXPENSES
29	ALLOCATIONS TO THE GENERAL BANKING RISKS FUND (FRBG)
30	ALLOCATIONS FOR DEPRECIATION ON INTANGIBLE AND TANGIBLE FIXED ASSETS
32	ALLOCATIONS FOR PROVISIONS AND LOSSES ON UNCOLLECTIBLE RECEIVABLES
35.1	Allocations for provisions on doubtful receivables
35.2	Allocations for provisions for depreciation of the securities portfolio and other operations
35.3	Allocations for provisions for risks and charges
35.4	Allocations for regulated provisions
35.5	Losses on uncollectible receivables
36	EXCEPTIONAL EXPENSES
37	TAXES ON PROFITS
39	PROFITS
40	TOTAL EXPENSES
41
42
43

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REVENUE

Codes	REVENUE
1	BANKING OPERATING REVENUE
2	Revenue on treasury and interbank operations
3	Interest
4.1	Central Bank
4.2	Current debit accounts
4.3	Term accounts and loans
4.4	Securities received under repurchase agreements
4.5	Other interest
4.6	Interest on doubtful receivables
5	Commissions
6	Revenue on operations with customers
7	Interest
8.1	Commercial receivables and customer credit
8.2	Loans to financial customers
8.3	Securities received under repurchase agreements
8.4	Current debit accounts
8.5	Other interest
9	Commissions
10	Revenue on securities operations (including commissions)
11	Revenue on credit leasing operations and similar and simple leasing operations
13	Revenue on subordinated loans
15	Revenue on foreign exchange operations (gains, commissions)
17	Revenue on off-balance sheet operations
19.1	Revenue on financing commitments
19.2	Revenue on guarantee commitments
19.3	Revenue on securities commitments
19.4	Revenue on financial derivative instruments
19.5	Revenue on other given commitments
20	Revenue on financial services provision
21	Other banking operating revenue
23	OTHER OPERATING REVENUE
25	REVERSAL OF THE GENERAL BANKING RISKS FUND (FRBG)
27	REVERSAL OF PROVISIONS AND RECOVERY ON WRITTEN-OFF RECEIVABLES
29.1	Reversal of provisions on doubtful receivables
29.2	Reversal of provisions for depreciation of the securities portfolio and other operations
29.3	Reversal of provisions for risks and charges
29.4	Reversal of regulated provisions
29.5	Recovery on written-off receivables
29.6	Other
30	EXCEPTIONAL REVENUE
31	LOSSES
33
34	TOTAL REVENUE
35