Regulatory Alerts2005-07-28
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Explanatory Note to Directive on Minimum Reserve Requirements (BON - D 1/2005)
The Bank of Namibia issues Circular BIA 3/05 to clarify terms used in Circular 2/05 regarding minimum reserve requirements. This explanatory note provides specific definitions for total deposits, loans and advances received, total other liabilities to the public, and capital to assist banking institutions in completing form MRR 1. The document details the components included in each category, such as demand deposits, subordinated debt, and accrued expenses, as they appear on return BIR-100.
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