CHAPTER 342
BANKING AND FINANCIAL INSTITUTIONS ACT

 

[SUBSIDIARY LEGISLATION]

INDEX TO SUBSIDIARY LEGISLATION

   REGULATIONS

      The Banking (Deposit Insurance Fund) Regulations

      The Credit Concentration and Other Exposure Limits Regulations

      The Capital Adequacy Regulations

      The Management of Risk Assets Regulations

      The Independent Auditors Regulations

      The Financial Statements Regulations

      The Liquid Assets Ratio Regulations

REGULATIONS

THE BANKING (DEPOSIT INSURANCE FUND) REGULATIONS

 

(Section 51(1))

G.N. No. 368 of 2000

 

1.   Citation

   These Regulations may be cited as the Banking (Deposit Insurance Fund) Regulations.

 

2.   Interpretation

   In these Regulations, unless the context otherwise requires–

   "the Act" means the Banking and Financial Institutions Act *;

   "Board" means the Deposit Insurance Board established under section 24(1) of the Banking and Financial Institutions Act;

   "contributory institutions" means a bank or financial institution which has received a notice to contribute under section 25(3) of the Act;

   "Fund" means the Deposit Insurance Fund established under section 23(1) of the Act.

 

3.   Board meeting

   (1) Meetings of the Board shall be convened by the Chairman not less than once in every three months, or whenever the business of the Fund so requires.

   (2) The quorum for meetings of the Board shall be three members including the Chairman. There shall be no quorum unless the Governor of the Bank of Tanzania is present at the meeting.

   (3) Subject to the Act and these Regulations, any proceedings or acts of the Board shall not be invalidated by reason of any vacancy in the membership of the Board or by any defect in the appointment of any member discovered subsequent to those proceedings or acts.

 

4.   Authentication of decisions of the Board

   The decisions of the Board shall be authenticated by the signature of the Chairman.

 

5.   Keeping of accounts and other records

   (1) Subject to the Act and these Regulations, the Board shall–

 

   (a)   keep proper accounts and proper records in relation to its accounts; and

 

   (b)   in every financial years, prepare a statement of accounts showing its state of affairs, income and expenditure.

   (2) A statement of accounts prepared in accordance with paragraph (1) shall be audited by auditors appointed by the Board.

   (3) For the purpose of this regulation, no person shall be appointed as an auditor unless he is qualified under section 10 of the Accountants and Auditors (Registration) Act * and is approved by the Bank of Tanzania under section 16(2) of the Act.

   (4) The Board shall publish the report prepared under section 29(1) of the Act within three months of its submission to the Minister at the end of each Financial Year.

 

6.   Average deposit liability of bank and financial institution

   Subject to the Act, the average of a bank's or financial institution's deposit liabilities shall be the amount which the Board determines as representing the average deposit liabilities over a period of twelve months preceding the levying of premium contributions which are to be paid by July of every year.

 

7.   Power of the Board to lend

   (1) The Board may, upon application by a contributory bank or financial institution grant a loan or advance, place a deposit with or issue a guarantee on behalf of the bank or financial institution on such terms and conditions as the Board may prescribe to be secured against treasury bills or other Government securities, a first charge over the institution's own immovable assets or other marketable securities freely transferable and acceptable to the Board.

   (2) In considering requests for assistance, the Board shall satisfy itself, inter alia, that the financial problems facing the Bank or financial institution are of a temporary nature, the rescue assistance shall reduce risk or avert threatened loss to the Fund, the adequacy of the assistance being sought and that the problems are not attributable to reckless or fraudulent practices or insider lending or dealings by the bank or financial institution and due regard being had to the lending guidelines or procedures as may be approved by the Board from time to time.

 

8.   Payments out of Fund

   (1) Whenever a licensed bank or licensed financial institution shall be wound up and at that time it is a contributory institution whose deposits are protected, the Board shall, as soon as is practicable pay out of the Fund by cash, cheque or bank transfer to a depositor who has a protected deposit with a licensed bank or licensed financial institution an amount equal to his protected interest and other administrative costs of the Fund.

   (2) In the event of uncertainty of records, the Board may only pay such percentage of the protected deposits as it may deem appropriate in the circumstances.

 

9.   Depositor's protected deposit

   (1) Subject to the Act, and in relation to contributory institution, any reference to a depositor's full protected deposit is a reference to the total liability of the institution to the depositor limited to a maximum determined by the Minister in terms of the provisions of section 26(1) of the Act.

   (2) For the purpose of this regulation, a deposit shall include interest which has been so credited to the deposit in question including accrued interest as may be determined by the Board from time to time.

   (3) Subject to the Act and these Regulations, the Board shall formulate guidelines for protection of Deposit Accounts and Insolvency Payments out of the Fund. Notwithstanding anything to the contrary, deposits with subsidiaries or branches of Tanzania banks or financial institutions outside Tanzania shall not be covered.

 

10.   Determination of liability of licensed bank or financial institution

   (1) In determining the liability of a licensed bank or licensed financial institution, no account shall be taken of any liability in respect of a deposit if it was made after the termination of protection of the deposit under section 25(6) of the Act.

   (2) Termination of the protection of deposits in an institution shall, in all cases, be preceded by a notice of the intention of the Board to that effect published in the Government Gazette and in at least two national newspapers of general circulation.

   (3) Unless the Board otherwise directs there shall be deducted the amount of any liability of a depositor to the bank or financial institution in respect of which a right of set-off existed immediately before the bank or financial institution was wound up against any such deposit or in respect of which such a right would then have existed if the deposit in question had fallen due.

 

11.   Liability of insolvent bank or financial institution in respect of payment by the Board

   (1) Subject to the Act and these Regulations, where a licensed bank or licensed financial institution is insolvent and the Board has or is under liability to make a payment, the licensed bank or licensed institution shall become liable to the Board for an amount equal to the insolvency payment.

   (2) In all cases, no payment shall be made by the insolvent bank or financial institution to a depositor unless full satisfaction has been given to the Board in respect of all moneys paid by the Board to the depositor.

   (3) The liability of the insolvent bank or financial institution to a depositor shall be reduced by an amount equal to the insolvency payment.

 

12.   Liquidator's duty to make payments to the Board

   The duty of the liquidator of the insolvent bank or financial institution shall be to pay to the Board instead of the depositor the amount referred to under regulation 11, and if the amount paid equals the insolvency payment made to the depositor, the liquidator shall thereafter pay to the depositor instead of the Board any such excess amount.

 

13.   Notice to the bank/financial institution liquidator of an insolvent bank or financial institution

   The Board may, by notice in writing served on a licensed bank or financial institution, or the liquidator of any insolvent bank or financial institution, require him or such bank or financial institution at such times and at such place as may be specified in the notice to–

 

   (a)   furnish to the Board such information; and

 

   (b)   procure to the Board such books, papers or records as the Board may require,

to carry out its functions under the Act.

 

14.   Inspection of books and other records held by an official receiver or liquidator

   Where as a result of a bank or financial institution having become insolvent, any books papers or records have come into possession of the official receiver, or liquidator, he shall permit any person duly authorised by the Board to inspect such books, papers or records.

THE CREDIT CONCENTRATION AND OTHER EXPOSURE LIMITS REGULATIONS

 

(Section 51(1))

[1st May, 2001]

G.N. No. 36 of 2001

PART I
PRELIMINARY PROVISIONS (regs 1-3)

 

1.   Short title

   These Regulations may be cited as the Credit Concentration and Other Exposure Limits Regulations.

 

2.   Application

   These Regulations shall apply to all banks and financial institutions.

 

3.   Interpretation

   In these Regulations, unless the context requires otherwise–

   "the Act" means the Banking and Financial Institutions Act *;

   "adjusted net asset value" refers to the value of a business as determined by deducting its liabilities from the current market or useful value of its tangible and intangible assets disclosed in its books plus or minus any adjustment arising from the calculation of present value of expected earnings of the existing net assets of the enterprises;

   "allied undertakings" include banks, financial institutions, non deposit-taking financial institutions, insurance companies, bureaux de change, credit card companies, clearing houses, and such other activities as may be specified by the Bank to be allied or related to the business of banking;

   "associate companies" means two or more companies linked directly or indirectly to each other through any of the following means:

 

   (a)   Ownership, control or power to vote, of ten percent (10%) or more of the issued and outstanding voting shares of any of the companies;

 

   (b)   Interlocking directorship or officership;

 

   (c)   Common shareholders owning ten percent (10%) or more of the issued and outstanding voting shares of the companies;

 

   (d)   Management contract or any arrangement granting power to a company to direct or cause the direction of the management and policities of another company; and

 

   (e)   Permanent proxy or voting trust in favour of a company involving ten percent (10%) or more of the issued and outstanding voting shares of another company;

   "the Bank" means the Bank of Tanzania;

   "bank" has the same meaning given to that expression in the Act;

   "banking business" has the same meaning assigned to that expression in the Act;

   "collateral" may be used interchangeably with the term "security" to mean the asset, right, or interest pledged, assigned, mortgaged or in any manner hypothecated to secure the repayment of an obligation;

   "conflict of interest" means a situation or circumstance whereby a member of staff or board member who is in a position where privileged information obtained in line of his duty could be used to further personal or other business interest against loyalty to the institution;

   "core capital" may be used interchangeably with "tier I capital" to mean permanent shareholders' equity in the form of issued and fully paid-in shares of common stock, non redeemable and non cumulative preferred stock, capital grants plus all disclosed reserves, less goodwill or any other intangible assets;

   "credit accommodation" may be used interchangeably with the term "credit facility" to include loans, advance, overdrafts, lease financing, acceptance, guarantees, letters of credit, performance bonds, foreign exchange contracts, and any other form of direct or indirect, financial obligation to a bank or financial institution;

   "credit risk" means the risk arising from the non payment of either principal or interest of a loan or other credit accommodations on a timely basis, failure of the customer or a reason to honour his commitment under a credit, guarantee or suretyship agreement, or the risk of default by a party to a foreign exchange contract;

   "direct credit accommodation" means credit facility in which the borrower or obligor is a party on his own behalf, or as the representative or agent of others, or as a co-signer, mortgagor, guarantor, endorser or surety;

   "director" means any fit and proper person by whatever title or designation known carrying out or empowered to carry out functions in relation to the direction of a bank or financial institution which are substantially the same as those carried out by a member of the board of directors of a company incorporated under the Companies Ordinance;

   "Disclosed reserves" includes all reserves created or increased through share premium retained earnings (after deducting all expenses, provisions, taxation, and dividends), and general reserves, if such disclosed reserves are permanent and unencumbered and thus able to absorb losses;

   "financial institution" has the same meaning given to that expression in the Act;

   "financial intermediation" has the same meaning given to that expression in the Act;

   "fit and proper person" means a person with the attributes required of a member of the board of directors and management of a bank or financial institution as prescribed in criteria set out in Schedule 1 to the Banking and Financial Institutions Regulations, 1997;

   "firm underwriting commitment" in respect to underwriting of securities means a firm guarantee or commitment made by a person or entity to an issuer or holder of securities to raise funds for said issuer or holder, by the distribution of such securities for sale, resale, or subscription, either through an outright purchase or through a commitment to purchase the balance not subscribed or sold;

   "first class international bank" means an international bank that has a minimum long-time rating by internationally recognised rating agencies of A or above;

   "general provision" when used in relation to supplementary capital or provisioning for loan losses means the amount that is taken up as a charge against revenues or income without going through the process of reviewing the weaknesses of individual loan accounts. General provisions are credited to "Allowance for Probable Losses" and form part of supplementary capital that is available to absorb presently unidentified losses in the loan portfolio;

   "general reserves" may be used interchangeably with "retained earnings" to mean the accumulated and undistributed profits which are free and not specifically earmarked or appropriated for any purposes;

   "goodwill" means the excess of the price paid for the purchase of the entire or a majority interest in a business firm over its adjusted net asset value as determined by the independent auditor of a bank or financial institution and approved by the Bank;

   "indirect credit accommodation" means a credit facility given by a bank or financial institution to a person's related interest;

   "in process of collection" means that the collection of a debt is proceeding in due course in a timely manner through:

 

   (a)   Legal action, including the enforcement of judgements against the borrowed; or

 

   (b)   collection efforts not involving legal action which are reasonably expected to result in repayment of the debt or in its restoration to a current status through payment of principal and interest due;

   "intangible assets" means capitalised organisation costs or pre-operating expenses, prepaid expenses and deferred charges, leasehold rights and such other assets as may be specified by the Bank;

   "investment bank" means a financial institution, acting as underwriter or agent, that serves as an intermediary between an issuer of securities and the investing public. The institution, either as a manager or participating member of a banking syndicate, make an outright purchases of new securities from the issuer and distributes them to dealers and investors;

   "loans" and "loans and advances" may be used interchangeably to include any loan, discount, advance, overdraft, lease financing, export bills purchased, other bills received or purchased, import bills, customer's liability on acceptances, drawings against uncleared effects, encashment of cheques drawn against other branches or officers where the drawer's current account has insufficient cleared and withdrawable balance or against other banks, or any other credit extended to a person by a bank financial institution, excluding the undrawn or unavailed balance of any line of credit;

   "near cash" includes fixed deposits receipts or certificate, saving passbook and any other deposit blocked in an account with a bank other than the lending bank;

   "non-accruing loan" means any loan where recognition of interest income has been placed on a cash basis for financial reporting purposes. Interest is no longer accrued in the books of the lending institution nor taken into income unless paid by the borrower in cash;

   "non-performing loan" means any loan that is not generating income and such loan has been past due for more than ninety days, as determined in accordance with the criteria prescribed in the Management of Risk Assets Regulations, 2000;

   ''off balance sheet risks" means all items not shown on the balance sheet but which constitute credit risk. Such risks include guarantee, acceptances, performance bonds, letters of credit, and other off balance sheet items deemed to constitute credit risk by the Bank;

   "officers" means the Chief Executive Officer or executive director of a bank or financial institution, officials of lower rank down to the assistant head of a department or branch or their equivalent, and all members of a permanent committee or body including the Regional Board whose duties include functions of management such as those ordinarily performed by regular officers, and all those whose duties as officer are defined in the articles of association or who are generally known to be officers of the institution either through announcement, representation, publication, or communication made by the institution;

   "operating leases" means a lease written for a shorter period than economic life of the leased asset, the maintenance costs are born by the lessor while the lessee pays rental charge. The lessor is expected to take back the asset and re-lease it to other users;

   "other risk assets" means the total assets of a bank or financial institution minus its loans, cash gold, amounts due from Bank of Tanzania, Government securities, securities issued by the Bank of Tanzania, securities issued by other Government institutions which are unconditionally guaranteed by the Government as to repayment of principal and interest at maturity date, bank premises, furniture and equipment, and such other assets as may be declared by the Bank as non-risk;

   "parent company" means a company which directly or indirectly owns, controls, or holds with power to vote, more than fifty percent (50%) of the issued and outstanding voting shares of another company;

   "related interest" refers to a person's relative, or to a company, association, or entity of which such person or relative is a shareholder, director, partner, manager, agent or member, or to a person's co-owner in respect of a property or property right or interest, or such other circumstances as the Bank may specify;

   "relative" refers to related individual who includes any member of a family and a person shall be deemed to be a member of the family if he is the parent, spouse, brother, sister, child, uncle, aunt, nephew, niece, step-father, step-mother, step-child, adopted child, of the individual concerned and in case of an adopted child, the adopter or adopters of that child;

   "revaluation reserves" means the increment in the recorded or book value of an institution's own premises, fixed assets, or long-term equity investment arising from formal revaluation of such assets to reflect their current value, or an amount closer to their current value than historical cost;

   "shareholder" refers to a person, company or entity which directly or indirectly owns, controls, or holds with power to vote, issued and outstanding voting shares of another company;

   "specific provisions" when used in relation to provisioning for losses on loans or other assets means the amount that is taken up as a charge against revenues or income after reviewing the weaknesses of specific loan or assets following the procedures prescribed in the Management of Risk Assets Regulations, 2000;

   "subsidiary" means a company whose more than fifty percent of its total issued and outstanding voting is directly or indirectly owned, controlled, or by another company called the parent company;

   "supplementary capital" may be used interchangeably with "tier 2 capital" to mean general provisions which are held against future, presently unidentified losses and are freely available to meet losses which subsequently materialise, subordinated debts, cumulative and redeemable preferred stocks and any other form of capital as may be determined and announced from time to time by the Bank;

   "total assets" means the amount submitted under such heading in each monthly balance sheet submitted to the Bank and the amount submitted under such heading in the latest audited balance sheet as verified by an external auditor whose report on such bank or financial institution was satisfactory to the Bank;

   "total capital" mean the sum of core capital and supplementary capital;

   "underwriting of securities" refers to the act or process of guaranteeing the distribution and sale of securities issued by another person, including securities issued by the Government;

   "unsecured credit" means advances or credit facilities granted without security, or in the case of any credit facility granted against security, any part of such advance or credit facility which at any given time exceeds the market value of the assets comprising the security given or which exceeds the valuation approved by the bank whenever the bank deems that no ascertainable market value exists for the said assets.

PART II
STATEMENT OF POLICY (regs 4-7)

 

4.   Objectives

   The objectives of these Regulations are as follows–

 

   (a)   to encourage risk diversification and curtail excessive concentration of risk exposure of any bank or financial institution to one customer or group of customers, industry, economic sector, or activity, thereby enhancing the stability of the financial system;

 

   (b)   to promote arm's length relationship in dealings between the bank or financial institution and its directors, officers, staff, shareholders and their related interests;

 

   (c)   To make credit available to a broader group of borrowers;

 

   (d)   To regulate equity investments of banks and financial institutions and to avoid undue concentration of economic power; and

 

   (e)   To regulate the amount of investments in fixed assets and prevent the use of depositors' money in acquiring such assets.

 

5.   Rationale for diversifying risks

   Experience has shown that excessive concentration of risks to a single customer or group of customers, geographic or economic sector, industry or activity, has been a major cause of bank losses. Apart from restricting profitability, such concentration of risk places undue constraints on the ability of banks and other financial institutions to provide credit to a wider segment of the economy. There is therefore a need to promote diversification of risks in order to ensure the soundness of banks and financial institutions.

 

6.   Arm's length relationship on insider dealings

   A banking institution is a repository of the people's trust. As such, its shareholders, directors, officers and staff are expected to conduct themselves with the highest degree of professionalism, devotion to duty and standard of morality. These qualities must be held high above the proprietary interests of such persons. Empirically, the absence of well-defined rules serves as a disincentive for maintaining an arm's length relationship in dealings between the bank or financial institution on one hand, and its shareholders, directors, officers and staff on the other. Accordingly, measures must be taken to minimise the incidence of technical misjudgment, mismanagement or deliberate fraud. These Regulations aim to fill such need.

 

7.   Policy on Concentration Risk Exposures

   In recognition of its obligations as the highest policy making body of the institution, the Board of Directors of every bank and financial institution shall prescribe in writing policies on risk exposures associated with asset concentrations. The policy will contain at minimum the following–

 

   (a)   procedures for identifying risk exposures involved in business (including contingent and off balance sheet risks), and be able to measure, monitor and develop controls for such risk;

 

   (b)   broad definition of risk covering all direct, indirect, contingent or potential risks or obligations;

 

   (c)   internal limits on risk exposures including corresponding controls and approval procedures in conformity with legal and supervisory limits;

 

   (d)   clear lines of reporting of risk exposure, compliance with internal and external exposures limits, and management's response to changes in risk exposures. The adequacy and effectiveness of reporting systems should be reviewed periodically or independently verified by competent external auditors and Bank examiners; and

 

   (e)   prescribed formats that will assist the institution to maintain adequate records that identify risk exposures.

PART III
RULES ON CONCENTRATION OF CREDIT (regs 8-25)

 

8.   Single borrower's limit

   The total amount of credit accommodation which any bank or financial institution may grant, directly or indirectly, to any person or group of related borrowers shall not exceed the limits prescribed hereunder:

Collateral Position

Limit (as a Percentage of Core Capital)

 

   (1)   Secured by collateral the value of which is at least 125% of the Credit accommodation secured by it (Full secured)

25%

 

 

   (2)   Secured by collateral the value of which is less than 125% of the Credit accommodation secured by it (Partly secured)

10%

 

 

   (3)   Unsecured

5%

 

 

9.   Exemption from single borrower's limit

   Upon prior written request by a bank or financial institution, the Bank may allow exemption from the limits prescribed in Regulation 8, if the credit accommodation is granted to. or guaranteed by the Government of the United Republic of Tanzania or is secured against cash, near cash items, or is guaranteed by a first class international bank or against securities issued by the Government or the Bank.

 

10.   Aggregation of credits to parent companies subsidiaries and associate companies partner and partnerships

   Every bank or financial institution shall consider all credit accommodations to its parent company, subsidiaries and associate companies, partner and partnerships as credits granted to a single person.

 

11.   Aggregation of credits to persons with related interests

   Where the Bank determines that the interests of a group of two or more persons are so interrelated that they should be considered as one borrower, then for the purposes of Regulation 8, the total credit accommodations to that group shall be combined and deemed to be in respect of a single person.

 

12.   Aggregate credit limit

   In addition to the single borrower's limit prescribed in regulation 8 every bank and financial institution shall observe a quantitative limit on the aggregate amount of credit accommodations that may be granted to all borrowers whose credit accommodations, inclusive of interest due and unpaid, have reached the ceilings prescribed in the said regulation. Such aggregate credit limit shall be twenty-five percent of the outstanding credit accommodations to all customers, or hundred percent of the core capital of the lendings bank or financial institution, whichever is lower.

 

13.   Syndication

   Banks and financial institutions may facilitate syndication when single borrower's credit accommodation requirements exceed single borrower's limits on individual bank or financial institution prescribed in these Regulations.

 

14.   Insider dealing

   Dealings of a bank or financial institution with any of its directors, officers or shareholders and their related interests shall be in the regular course of business and upon terms not more favourable than those offered to others.

 

15.   Credits to directors and shareholders

   No bank or financial institution shall grant, directly or indirectly, any credit accommodation to any of its directors alternate directors, shareholders, or their related interests unless–

 

   (a)   such credit accommodation has been unanimously approved by all remaining members of the board of directors in a meeting where the director or alternate director who stands to benefit from the credit has inhibited himself from attending; and

 

   (b)   the Bank has been notified of such board approval not later than seven days prior to its implementation.

 

16.   Aggregate credit limit of directors and shareholders

   The aggregate amount of credit accommodations inclusive of interest due and unpaid which any bank or financial institution may grant, directly or indirectly, to its directors, alternate directors, shareholders, or their related interests shall not exceed twenty five percent of its core capital.

 

17.   Aggregate credit limit covers former directors and shareholders

   In computing the aggregate credit limit of directors and shareholders as prescribed under Regulation 15, all direct and indirect credit accommodations inclusive of interest due and unpaid, granted to directors, alternate directors, shareholders or their related interests shall be combined even if subsequent to the granting of the credit accommodation, the borrower ceases to be a director, alternate director or shareholder.

 

18.   Credit limit of officers and employees

   Notwithstanding the single borrower's credit limit prescribed under regulation 8, banks and financial institutions shall observe the following regarding credit accommodations to their officers or employees.

 

   (a)   no bank or financial institution shall grant salary advances to any of its officers and employees, which exceed the annual remuneration of the borrowing officer or employee;

 

   (b)   loans and advances to officers and employees of banks or financial institutions intended as incentives such as house or car loan should be from a special fund created by appropriation of profits. Such loans and advance should be managed in accordance with a well-documented policy regarding administration of such fund; and

 

   (c)   commercial loans and advances to officers and employees of banks or financial institutions should be in the regular course of business and upon terms not more favourable than those offered to others.

 

19.   Computation of annual remuneration

   For purposes of regulation 18, the annual remuneration of an officer or employee shall refer to the basic salary plus cost of living allowance which are fixed and paid in cash to the officer or employee on a regular and periodic basis as part of his compensation for services rendered to the bank or financial institution, but excluding such benefits the entitlement to which depends on a contingency such as medical and hospitalisation benefits, or allowances for attending seminars and board or committee meetings, or other non-cash benefits.

 

20.   Aggregate credit limit of officers

   The aggregate amount of credit accommodation inclusive of interest due and unpaid which any bank or financial institution may grant, directly or indirectly to its officers or their related interests shall not exceed twenty-five percent of its core capital.

 

21.   Exemption of subsidiaries of foreign banks and financial institutions

   A bank or financial institution which is a subsidiary of a foreign bank or financial institution may, with prior approval of the Bank, exclude from the aggregate and single borrower's credit limits prescribed in these Regulations any credit accommodation for which the parent company has provided the fund and has assumed the credit and foreign exchange risks without recourse to the subsidiary.

 

22.   Penalty for violation of the credit limits

   Any director, officer or employee of a bank who recommends, sanctions, votes for or causes the approval of any loan or credit accommodation in violation of the credit limits prescribed in these Regulations may be suspended from office. If such director, officer or employee is directly or indirectly a party or beneficiary to the said credit facility, the director, officer or employee concerned shall be perpetually disqualified from holding any position or office in any bank or financial institution under the supervision of the Bank. The penalties prescribed in this regulation shall be without prejudice to any other punitive measures which may be applied against the defaulting director, officer or employee.

 

23.   Board of directors responsible for compliance

   The board of directors of every bank and financial institution shall be primarily responsible for the compliance with the requirements of these Regulations including the enforcement of suspension or disqualification of any director, officer or employee as provided under regulation 22.

 

24.   Board of directors to prescribe credit limit of specific industries

   Prior to commencement of operations, the board of directors of every bank and financial institution shall, provide a written policy prescribing the quantitative limits on the concentration of credit to specific industries and other activities not covered in these Regulations.

 

25.   The Bank to be notified on the adoption of industry credit limits

   Every bank and financial institution shall notify the Bank on the adoption or revision of the credit concentration policy specified in regulation 24 within thirty days following its approval and shall make such written credit concentration policy available for inspection by the examiners of the Bank.

PART IV
RULES ON EQUITY INVESTMENTS (regs 26-32)

 

26.   Limits on investments in allied undertakings

   Any bank or financial institution which has a core capital ranging from one billion Tanzanian Shillings (T.Shs. 1,000,000,000) to two billion Tanzanian Shillings (T.Shs. 2,000,000,000) may, with the prior approval of the Bank, invest in the equity of companies engaged in activities classified allied undertaking subject to the following limitations–

 

   (a)   the aggregate equity investments in all companies shall not exceed 25% of the core capital of the investing bank or financial institution;

 

   (b)   the equity investment in any single company shall not exceed 10% of the core capital of the investing bank or financial institution; and

 

   (c)   the equity investment in any single company other than a bureaux de change and a credit card company shall not exceed 5% of the total subscribed share capital of the investee company.

 

27.   Increased investment privileges

   (1) Any bank or financial institution which has a core capital between two billion Tanzanian Shillings (T.Shs. 2,000,000,000) and six billion Tanzanian Shillings (T.Shs. 6,000,000,000) may, with the prior approval of the Bank and subject to the same limitations prescribed in subregulation 26(1) and (2) supra acquire up to 100% of the total subscribed share capital of a company engaged in an allied undertaking.

   (2) The Bank may authorise any bank which has a core capital of not less than six billion Tanzanian Shillings (T.Shs 6,000,000,000) to:

 

   (a)   Acquire up to 100% of the equity of the company organised primarily for the purpose of underwriting debt or equity securities of other companies;

 

   (b)   invest in the equity of a company which is engaged in activities that are not allied or related to banking; provided that the equity investment of the bank does not exceed 5% of the total subscribed share capital of the invested company.

   (3) For a bank or financial institution to be able to deal in securities it must form a subsidiary.

 

28.   Combined equity investment and credit limits

   The total equity investments in and credit accommodations to any single company or enterprise shall not exceed 25% of the core capital of the investing bank or financial institution.

 

29.   Prohibited banks and financial institutions

   A bank which has a core capital of less than one billion Tanzanian Shillings (T.Shs. 1,000,000,000) or a financial institution which has a core capital of less than five hundred million Tanzanian Shillings (T.Shs. 500,000,000) shall not invest in the equity of other companies.

 

30.   Equity investment to obtain prior approval of the Bank

   The Bank shall consider on a case-by-case basis any proposed equity investment which is not specifically covered by any provision of these Regulations. In all cases, however, no bank or financial institution shall invest in the equity of another company without the prior written approval of the Bank.

 

31.   Underwriting commitments exempted from prescribed ceilings

   The quantitative ceilings on equity investments under Regulations 26, 27 and 30 shall not apply to inventories of equity securities arising out of firm underwriting commitments of banks, investment banks or financial institutions which have been authorised by the Bank to engage in the business of underwriting debt and equity securities in conformity with the Banking and Financial Institutions Regulations, 1997.

 

32.   Approval on equity investment

   The Bank will not approve equity investment unless the Managing Director or Chief Executive Officer of the said bank or financial institution certifies and proves that–

 

   (a)   the investment will not be financed from funds obtained as deposits or borrowings from the public or the Bank;

 

   (b)   the investment has been approved by the board of directors after satisfying itself that the profitability of the investee company can be sustained; and

 

   (c)   the investee company is not suffering from any problem involving fraud or any serious weakness in management, accounting and internal control systems or other important internal procedures.

PART V
LIMITS ON UNDERWRITING COMMITMENTS (regs 33-34)

 

33.   Limit on the underwriting business of a bank

   A bank which is authorised by the Bank to engage in the business of underwriting debt or equity securities in accordance with the Banking and Financial Institutions Regulations, 1997 shall not undertake underwriting commitments for its own account in an aggregate amount exceeding one hundred percent of its core capital.

 

34.   Limit on the underwriting business of a financial institution

   A financial institution which is licensed by the Bank to engage primarily in the business of investment banking or underwriting debt or equity securities shall not undertake underwriting commitments for its own account in an aggregate amount exceeding 800% of its core capital.

PART VI
LIMITS ON INVESTMENTS IN FIXED ASSETS (regs 35-36)

 

35.   Investment in immovable property

   Any bank or financial institution may purchase, acquire or lease immovable property only as may be necessary for its business as a bank or financial institution, including reasonable provision for anticipated future expansion and housing of its officers or employees:

   Provided that–

 

   (a)   the total investment of the bank or financial institution in such immovable properties, including leasehold rights and improvements, shall not exceed 50% of its core capital;

 

   (b)   the limitations under this regulation shall not apply to the acquisition of any immovable property in settlement of a debt to the bank or financial institution which property, however, shall be sold not later than three years from acquisition date or within a period approved by the Bank or subject to extension by the Bank on submission of proof that sales effort has failed to liquidate the property;

 

   (c)   the limitations under this regulation shall not apply to institutions carrying on the business of mortgage financing and property acquired for leasing activities; and

 

   (d)   the Bank will not approve any additional investment in immovable property unless the Managing Director or Chief Executive Officer of the bank or financial institution certifies and proves that–

 

      (i)   the investment will not be financed from funds obtained as deposits or borrowings from the public or the Bank;

 

      (ii)   the project in which the property will be used has been thoroughly studied and found by the board of directors to be commercially viable; and

 

      (iii)   the investing bank or financial institution is not suffering from weak liquidity position as shown by its inability to honour its financial commitments to its depositors and creditors, including the Bank, or to maintain the required statutory minimum cash reserves, or from any serious weakness in management, accounting and internal control systems or other important internal control systems or other important internal procedures.

 

36.   Investment in movable property

   Any bank or financial institution may purchase, acquire or lease equipment and other movable property as may be necessary for its business as a bank or financial institution:

   Provided that–

 

   (a)   the total investment of the bank or financial institution in such equipment and movable properties, including unamortised lease and capitalised expenses, does not exceed twenty percent (20%) of its core capital;

 

   (b)   the limitations under this section shall not apply to the acquisition of any equipment or movable property in settlement of a debt to the bank or financial institution which equipment or property, however, shall be sold as soon as possible but not later than one year from acquisition date and property acquired and owned for leasing activities.

PART VII
SANCTIONS (reg 37)

 

37.   Sanctions

   Without prejudice to the other penalties and actions prescribed by law, and unless otherwise required in these Regulations, the deliberate violation of any of the provisions hereof will attract one or more of the following sanctions–

 

   (a)   imposition of fines on the bank or financial institution or directors, officers and employees responsible for the violation in such amounts as may be determined by the Bank to be appropriate and reasonable;

 

   (b)   prohibition from declaring or paying dividends;

 

   (c)   suspension of the privilege to issue letters of credit or guarantee;

 

   (d)   suspension of access to the credit facilities of the Bank;

 

   (e)   suspension of lending and investment operations;

 

   (f)   suspension of capital expenditures;

 

   (g)   suspension of the privilege to accept new deposits;

 

   (h)   revocation of banking licence;

 

   (i)   suspension from office of the defaulting director, officer of employee; and

 

   (j)   perpetual disqualification from holding any position or office in any bank or financial institution under the supervision of the bank.

PART VIII
REPEAL (reg 38)

 

38.   Repeal

   [Repeals the Guidelines on Concentration of Credit and Other Exposure Limits issued on December 22nd, 1991.]

THE CAPITAL ADEQUACY REGULATIONS

 

(Section 51(1))

[1st May, 2001]

G.N. No. 37 of 2001

PART I
PRELIMINARY PROVISIONS (regs 1-3)

 

1.   Short title

   These Regulations may be cited as the Capital Adequacy Regulations.

 

2.   Application

   These Regulations shall apply to all licensed banks and financial institutions.

 

3.   Interpretation

   In these Regulations, unless the context requires otherwise:

   "the Act" means the Banking and Financial Institutions Act *;

   "adjusted net asset value" refers to the value of a business enterprise as determined by deducting its liabilities from the current market or useful value of its tangible assets disclosed in its books plus or minus any adjustment arising from the calculation of the present value of expected earnings of the existing net assets of the enterprise;

   "the Bank" means the Bank of Tanzania;

   "Banking business" has the same meaning given to that expression in the Act;

   "capital deficiency" can be used interchangeably with "impaired capital" to mean shortfall in the minimum capital requirements under these Regulations;

   "core capital" may be used interchangeably with "Tier 1 capital" to mean permanent shareholders' equity in the form of issued and fully paid in shares of common stock, non-redeemable and non-cumulative preferred stock, capital grants plus all disclosed reserves less goodwill or any other intangible assets;

   "credit accommodation" may be used interchangeably with the term "credit facility" to include loans and credit accommodation advances, overdrafts, lease financing, acceptances, lease, performance bonds foreign exchange contracts, and any other form of direct or indirect, financial obligation to a bank or financial institution;

   "credit risk" means the risk arising from the non payment of either principal or interest of a loan or other credit accommodations on a timely basis, or failure of a customer or a person to honour his commitment under a credit, guarantee or suretyship agreement, or the risk of default of a party to interest and exchange rate related contracts;

   "disclosed reserves" includes all reserves created on increase through share premiums, retained earnings (after deducting all expenses, provisions, taxation and dividends), and general reserves, if such disclosed reserves are permanent and unencumbered and thus able to absorb losses;

   "financial institution" has the same meaning given to the expression in the Act;

   "financial intermediation" has the same meaning given to that expression in the Act;

   "fit and proper person" means a person with the attributes required of a member of the board of directors and management of a bank or financial institution as per the criteria set out in the First Schedule to the Banking and Financial Institutions Regulations, 1997;

   "general provisions" when used in relation to loan reserves means the amount that is taken up as a charge against revenues or income without going through the process of reviewing the individual loan accounts. General Provisions are credited to "Allowance for probable losses" which form part of supplementary capital that is available to absorb presently unidentified losses in the loan portfolio;

   "general reserves" may be used interchangeably with "retained earnings" to mean the accumulated and undistributed profits which are free and not specifically earmarked or appropriated for any purpose;

   "goodwill" means the excess of the price paid for the purchase of the entire or a majority interest in a business firm over its adjusted net asset value as determined by a bank or financial institution and approved by the Bank;

   "insolvency" means a financial condition of a bank or financial institution whose total liabilities exceed the value of total assets as determined by the Bank;

   "intangible assets" means capitalised organization costs or pre-operating expenses, prepayments and deferred charges, leasehold rights, goodwill, and such other assets as may be specified by the Bank;

   "licensed institution" mean any bank or financial institution, which has been licensed by the Bank to carry on banking business;

   "loans" and "loans and advances" may be used interchangeably to include any loan, discount advance, overdraft, export bills purchased, other bills received or purchased, import bills, customer's liability on acceptances, drawings against uncleared effects, encashments of cheques drawn against other branches/offices (if the drawee's current account has insufficient cleared and withdrawable balance) or against other banks, or any other credit extended to a person by a bank or financial institution, excluding the undrawn or unavailed balance of any line of credit, guarantee, performance bonds of any line of credit, guarantee, performance bonds, commercial letters of credit, and other similar contingent accounts or off balance sheet items;

   "non-accruing loan" means any loan where recognition of interest income has been placed on cash basis for financial reporting purposes. Interest is no longer accrued in the books of the lending institution nor taken into income unless paid by the borrower in cash;

   "non-performing loan" means any loan that is not generating income and such loan has been past due for more than ninety days, as determined in accordance with the criteria prescribed in the Regulations on Management of Risk Assets;

   "off-balance sheet exposures" means all items not shown in the balance sheet but which constitution credit risk or the equivalent of credit risk as determined by the Bank. Such risks include guarantees, acceptances, performance bonds, letters of credit, interest and exchange rate related items deemed to constitute credit risk by the Bank;

   "officers" means the Chief Executive Officer of a bank or financial institution, officials of lower rank down to the assistant head of a department or branch or their equivalent, and all members of a permanent committee or body (including the Regional Board) whose duties include functions of management such as those ordinarily performed by regular officers and all those whose duties as officers are defined in the articles of association or who are generally known to be officers of the institution either through announcement, representation, publication or communication made by the institution;

   "other risk assets" means the total assets of a bank or financial institution minus its loans, cash, gold, amount due from Bank of Tanzania, Government securities, securities issued by the Bank of Tanzania, securities issued by other Government institutions which are unconditionally guaranteed by Government as to repayment of principal and interest at maturity date, bank premises, furniture and equipment and such other assets as may be declared by the Bank as non-risk;

   "regional bank" may be used interchangeably with "regional unit bank" to mean a bank which has been licensed by the Bank to operate as a regional unit bank with a capital less than the minimum core capital for banks required to be maintained by banks established in that region;

   "regional unit financial institution" means a non-bank financial institution which has been licensed by the Bank to operate as a regional unit financial institution with a capital less than the minimum required core capital for financial institutions;

   "revaluation reserves" means the increment in the recorded or book value of an institution's own fixed assets or long-term equity investments arising from formal revaluation to reflect their current value or an amount closer to their current than historical costs;

   "specific provisions" when used in relation to provisioning for losses on loans or other assets means the amount that is taken up or should be taken up as a charge against revenues or income after reviewing the weaknesses of specific loans and other assets following procedures prescribed in the Regulations on Management of Risk Assets;

   "subordinated debt" means a debt with original fixed maturity of not less than 5 years and satisfying the Bank's conditions for tier 2 capital as stipulated in part IV section 22 of these regulations;

   "subsidiary" means a company of which more than fifty percent (50%) of the total issued and outstanding shares entitled to vote is directly owned, controlled, or held with power to vote by another company called the parent company;

   "supplementary capital" may be used interchangeably with "tier 2 capital" to mean general provisions which are held against future, presently unidentified losses and are freely available to meet losses which subsequently materialise, subordinate debts, cumulative and redeemable preferred stocks and any other form of capital as may be determined and announced from time to time by the Bank.

PART II
STATEMENT OF POLICY (reg 4)

 

4.   Objectives

   (1) The principal objective of these Regulations is to provide the depositing public with reasonable protection by enhancing the capability of banks and financial institutions to absorb unexpected losses and thus, minimise the incidence of bank failure.

   (2) The efficiency of the financial system in allocating economic resources and its capacity to grow depend largely on the strength of the capital position of its individual components. In the same light, a strong capital position provides the management of every bank and financial institution the flexibility to withstand economic pressure and install the measures necessary to correct adverse developments.

PART III
REQUIRED MINIMUM CAPITAL OF BANKS (regs 5-16)

 

5.   Initial capital

   (1) Every bank other than a regional unit bank shall commence operations with a core capital of not less than one billion Tanzanian shillings (T.Shs 1,000,000,000) and shall maintain this minimum amount at all times.

   (2) Every regional unit bank shall commence operations with a core capital of not less than the amount prescribed under the Fourth Schedule to these Regulations.

   (3) Existing banks are given a period of up to three (3) years from the effective date of these Regulations or such longer period as the Bank may determine to comply with the minimum capital prescribed in these Regulations.

 

6.   Requirement to operate above the minimum capital required

   (1) The ratios of capital to total risk weighted assets and off balance sheet exposures specified under these Regulations are minimum requirements.

   (2) A bank operating at or near such levels of capital should have well-diversified risk, excellent asset qualify, high liquidity, good earnings, and is generally considered as strong banking institution which has the best or highest rating under the bank rating system that may be prescribed by the Bank. Any bank experiencing significant growth or high levels of risk shall operate well above the minimum capital prescribed in these Regulations.

 

7.   Suspension of lending operations, etc.

   (1) Any bank which for a period of fourteen (14) days continuously incurs capital deficiency shall report to the Bank and automatically stop granting new loans and other credit facilities including the issuance of letters of credit and guarantees, unless prior approval of the Bank has been obtained.

   (2) The expansion for such bank's branch network and all capital expenditures shall likewise be considered automatically suspended.

   (3) The suspension of lending activities, branch expansion and capital expenditures, shall remain in force as long as the bank is unable to increase its capital or reduce its assets and/or off balance sheet exposures as directed by the Bank, or restructure its balance sheet risks to the satisfaction of the Bank.

   (4) Resumption of lending and other activities shall require the written approval of the Bank.

 

8.   Conditions for establishment of regional unit bank

   The establishment of any regional unit bank shall be subject to the following:

 

   (a)   No regional unit bank shall transfer its head office to, or establish any branch or deposit-taking unit in any city municipality or town other than the area where it is licensed to operate;

 

   (b)   Shareholders of the regional unit bank shall increase the bank's core capital to not less than twice the amount indicated in paragraph (2) of regulation 4 within a period of five (5) years from the date of approval of its banking licence, in accordance with a capital build-up programme which they shall submit for approval of the Bank upon the filing of their application for a banking licence;

 

   (c)   Every shareholder of the regional unit bank shall execute a legally binding undertaking committing himself to fulfil, inter alia, his obligations under the capital build-up programme approved by the Bank, and to abide by any order, instruction or directive which the Bank may issue. Failure to honour such commitment will result in penalty including an order to suspend the declaration or payment of dividends in that behalf.

 

9.   Capital of a bank and regional unit bank with trust functions

   (1) Every bank, other than a regional unit bank, which is authorized by the Bank to perform the duties and functions of a trustee and/or to carry out other fiduciary functions such as receiver, guardian, liquidator, executor, or administrator of funds or property for the use or benefit of others shall maintain at all times a core capital of not less than four and a half billion Tanzanian shillings (T.Shs. 4,500,000,000).

   (2) A regional unit bank may be authorized by the Bank to perform the duties and functions of a trustee and/or to carry out other fiduciary functions such as, guardian, receiver, liquidator, executor, or administrator of funds or property for the use or benefit of others, upon the shareholders' full compliance with the capital build-up programme envisaged under paragraph (b) and (c) of regulation 7.

 

10.   Capital of a bank with expanded powers

   Every bank authorised by the Bank to perform any or all of the additional powers, privileges and activities specified in the Banking and Financial Institutions Regulations, 1997 shall maintain at all times a core capital of not less than six billion Tanzanian Shillings (T.Shs. 6,000,000,000).

 

11.   Capital of a bank with branch abroad

   Every bank authorized by the Bank to establish a branch or subsidiary abroad shall maintain at all times a core capital of not less than ten billion Tanzanian Shillings (T.Shs. 10,000,000,000) or USD 15 million whichever is higher (except for those branching within East Africa).

 

12.   Minimum capital ratios

   Every bank shall maintain at all times a minimum core capital and total capital equivalent to 6% and 8%, respectively, of its total risk weighted assets and off balance sheet exposures. For the purposes of this section, off balance sheet exposures shall include the undrawn balance of unexpired overdraft lines.

 

13.   Risk weighted assets

   The total risk weighted assets of each bank shall be determined by multiplying the outstanding book value of its assets, net of allowances for losses/depreciation, by the prescribed risk weight factors of such assets, and by aggregating the risk adjusted values of those assets following the format set out in the Second Schedule to these Regulations.

 

14.   Risk weighted off balance sheet exposures

   The total risk weighted off balance sheet exposures of each bank shall be determined by:

 

   (a)   Multiplying the outstanding balance of such exposures, net of the specific allowances for losses, by the prescribed credit conversion factors;

 

   (b)   multiplying the resulting credit equivalent by the risk weight factors of such items; and

 

   (c)   aggregating the risk adjusted values of those off balance sheet exposures as specified in the Third Schedule of these Regulations.

 

15.   Deduction from available capital

   In determining the amount of available capital for the purposes of computing the minimum capital required under Regulations 4 and 11, amount of the bank's investment in the capital of another company, firm or entity, including its subsidiaries, to the extent of the reciprocal investment of such company, firm, entity, or subsidiary in the capital of the bank shall be deducted from the amount of capital shown in the bank's general ledger or the balance sheet submitted to the Bank.

 

16.   Capital deficiency

   If the Bank, after conducting a review of both on and off balance sheet risks, finds that a bank has insufficient capital, the Bank, in accordance with its powers to correct unsound conditions under section 18 of the Act, shall direct and such bank shall effect a gradual increase of its capital above the minimum required under Regulations 4 and 11 or the reduction of its assets and/or off balance sheet exposures within a period of three (3) months.

PART IV
REQUIRED MINIMUM CAPITAL OF FINANCIAL INSTITUTIONS (regs 17-22)

 

17.   Initial capital

   (1) Every financial institution other, than a regional unit financial institution shall commence operations with a minimum core capital of not less than five hundred million Tanzanian Shillings (T.Shs. 500,000,000/=) and shall maintain this minimum amount at all times.

   (2) Every regional unit financial institution shall commence operations with a core capital of not less than the amount prescribed under the Fifth Schedule of these Regulations and shall maintain this minimum amount at all times.

   (3) Existing Financial Institutions are given a period of up to three years from the effective date of these Regulations or such longer period as the Bank may determine to comply with the minimum capital prescribed in these Regulations.

 

18.   Conditions for establishment of regional unit financial institution

   The establishment of any regional unit financial institution shall be subject to the following conditions:

 

   (a)   No regional unit financial institution shall transfer its head office to, or establish any branch or deposit taking unit in any city, municipality or town where the minimum core capital required to be maintained by financial institutions authorized to be established in that city, municipality or town, exceeds the core capital of such regional unit financial institution.

 

   (b)   Shareholders of the regional unit financial institution shall increase the institution's core capital to not less than twice the amount indicated in paragraph (2) of regulation 16 within a period of five (5) years from the day of approval to its licence to do banking business, in accordance with a capital build up programme which they shall submit for approval of the Bank upon the filing of their application for such licence.

 

   (c)   Every shareholder of the regional unit based financial institution shall execute legally binding undertaking committing himself to fulfil, inter alia, his obligations under the capital build-up programme approved by the Bank, and to abide by any order, instruction or directive which the Bank may issue in that behalf.

 

19.   Minimum capital ratios

   Every financial institution shall maintain at all times minimum core capital equivalent to 8% of its total risk weighted assets plus off balance sheet exposures.

 

20.   Risk weighted assets and off balance sheet exposures

   The total risk weighted assets and off balance sheet exposures of each financial institution shall be determined in the same manner as prescribed in regulations 12 and 13.

 

21.   Deductions from available capital

   In determining the amount of available capital for the purpose of computing the minimum capital required under regulations 16 and 18 there shall be deducted from the amount of capital shown in the institutions general ledger or the balance sheet submitted to the Bank, amount of the financial institution's investment in the capital of another company, firm or entity, including its subsidiaries, to the extent of the reciprocal investment of such company, firm, entity or subsidiary in the capital of the financial institution.

 

22.   Capital deficiency

   If the Bank, after conducting a review of both on and off balance sheet risks, finds that a financial institution has insufficient capital, the Bank, shall direct and such financial institution shall effect a gradual increase of its capital above the minimum required under regulation 16 and 18 or the reduction of its assets and/or off balance sheet exposures within a period of three (3) months.

PART V
SUBORDINATE DEBT (reg 23)

 

23.   Qualification conditions

   Every bank and financial institution shall included subordinated debt instruments as a constituent part of supplementary (Tier 2) capital under the following conditions:

 

   (a)   The subordinated debt must be unsecured, uninsured and must not be a deposit;

 

   (b)   the subordinated debt must have an original maturity of not less than five (5) years;

 

   (c)   the debt must be subordinate to all claims of the bank or financial institution covering all depositors and general creditors;

 

   (d)   the subordinate debt must not be redeemable at the option of the holder prior to maturity, except with the prior approval of the Bank;

 

   (e)   no bank or financial institution shall make payment of principal and/or interest on subordinated debt except to the extent that such a bank or financial institution is solvent and will remain solvent immediately thereafter;

 

   (f)   the aggregate amount of subordinated debt that may be eligible and recognized by the Bank as supplementary (Tier 2) capital is limited to 50% of core (Tier 1) capital. Amounts in excess of this limit may be arranged but shall not be included in capital computations and shall not be recognized as a constituent part of capital by the Bank;

 

   (g)   amount of a subordinated debt that may be included in supplementary (Tier 2) capital shall be discounted as it approaches maturity. One-fifth (1/5) of the debt eligible as supplementary (Tier 2) capital, less any redemption, shall be excluded each year from supplementary (Tier 2) capital during the last five years prior to maturity;

 

   (h)   the borrowers shall comply with all laws, regulations and directives as issued from time to time by the Bank or by the Government.

PART VI
COMPUTATION OF CAPITAL POSITION (regs 24-27)

 

24.   Computation of capital position

   Every bank and financial institution shall:

 

   (a)   Compute in the prescribed manner its capital position by comparing its required capital with its available capital as at the close of business for the day;

 

   (b)   include in the computation of the required minimum capital any programme or instruction to increase its capital;

 

   (c)   maintain suitable and adequate records to facilitate verification of its capital position.

 

25.   Responsibility of external auditors

   Every bank and financial institution shall require its external auditors to:

 

   (a)   Compute its capital position as at the end of each financial year taking into account the requirements of the Act and all regulations issued thereunder; and

 

   (b)   to render a statement on the adequacy of its capital.

 

26.   Submission of reports

   Every bank and financial institution shall submit to the Bank a monthly report on its capital position within fifteen (15) days following the end of the reference month, in accordance with the format set out in the First Schedule hereto.

 

27.   Consolidation of banking units

   For the purpose of computing its capital position, the principal office of each bank and financial institution in Tanzania and all its branches and agencies, regardless of country of domicile, shall be considered as a single unit.

PART VII
ADMINISTRATIVE SANCTIONS (reg 28)

 

28.   Penalties

   Without prejudice to other penalties and actions prescribed by law, and unless otherwise required in these Regulations, the deliberate violation of any of the provisions hereof will attract one or more of the following administrative sanctions:

 

   (a)   Prohibition from declaring and/or paying dividends;

 

   (b)   suspension of the activity to open new branches;

 

   (c)   suspension of access to the credit facilities of the Bank;

 

   (d)   suspension of lending and investment operations;

 

   (e)   suspension of the activity to issue letters of credit/guarantee;

 

   (f)   suspension of capital expenditure;

 

   (g)   revocation of banking licence;

 

   (h)   suspension from office of the defaulting director, officer or employee; and

 

   (i)   perpetual disqualification from holding any position or office in any bank or financial institution under the supervision of the Bank;

 

   (j)   any director, officer or employee of a bank who intentionally sanctions or votes for the approval of any loan or credit facility, branch expansion or capital expenditure while the bank remains under suspension as provided under regulation 6, shall be suspended from office. The suspension from office prescribed under this section shall be without prejudice to any other punitive measures which may be applied against the defaulting director, officer or employee including, but not limited to perpetual disqualification from holding any position or office in any bank or financial institution under the supervision of the Bank.

PART VIII
REPEALING CLAUSE (reg 29)

 

29.   Repeal

   [Repeals the Guidelines for Measuring Capital Adequacy issued on 1st October, 1993 and the addendum to Circular No. 3 on Capital Adequacy issued on 27th March, 1996.]

FIRST SCHEDULE
MONTHLY REPORT ON CAPITAL POSITION

 

(Regulation 26)

 

BOT FORM 16-5
This is a monthly report 

 

Deadline: 15 days after end of reference month


Submission: Two copies to Bank Super.


Code: ________________ 

(Name of bank/finance institution)
Computation of Capital Position
As at ________________ 

 

(Shilling Million) 

Amount 

A.   Required Capital 

____________________ 

   1. Minimum Core (Tier 1) Capital
= 6% of Total Risk Weighted Assets
and Off Balance Sheet Exposures
= 0.06 x (Shs._____ + Shs. _____)
= 0.06 x (Shs._____ = Shs. _____) 

____________________
____________________
____________________
____________________
____________________ 

   2. Minimum Supplementary (Tier 2) Capital
= 2% of Total Risk Weighted Assets
and Off Balance Sheet Exposures
= 0.02 x (Shs._____ + Shs. _____)
= 0.02 x (Shs._____ = Shs. _____) 

____________________
____________________
____________________
____________________
____________________ 

   3. Minimum Total Capital
= 8% of Total Risk Weighted Assets
and Off Balance Sheet Exposures
= 0.08 x (Shs._____ + Shs. _____)
= 0.08 x (Shs._____ = Shs. _____) 

____________________
____________________
____________________
____________________
____________________ 

B.   Available Capital 

   1. Core (Tier 1) Capital (B. 1. c minus B. 1. d) 

____________________ 

   a.   Paid-up Ordinary/Common Share Capital per Books 

____________________ 

   b.   Paid up preference shares 

____________________ 

   c.   Capital Grants 

____________________ 

   d.   Disclosed Reserves as per Books (Sum of B. 1. a plus B. 1. b) 

____________________ 

      (i)   Share premium 

____________________ 

      (ii)   General Reserves 

____________________ 

      (iii)   Retained Earnings 

 

      (iv)   Others (specify each item) 

 

 

   e.   Total Paid-up Capital & Disclosed Reserves (B. 1. a plus B. 1. b) 

____________________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   f.   Less-Items Required to be Deducted from Core Capital (Sum of B. 1 d i to d iv) 

 

      (i)   Year to date losses 

____________________ 

      (ii)   Goodwill 

____________________ 

      (iii)   Others Intangible assets (Sum of B. 1. d.ii. aa to dd) 

____________________ 

         aa.   Organisation/Per-operating expenses 

____________________ 

         bb.   Prepaid expenses 

____________________ 

         cc.   Deferred charges 

____________________ 

         dd.   Leasehold rights. 

____________________ 

      (iv)   Other items not eligible as core capital (specify each item) 

 

   2. Supplementary (Tier 2) Capital (B. 2. e minus B. 2. f) 

____________________ 

   a.   General provisions per books 

____________________ 

   b.   Other items shown in the books as capital (specify each item) 

____________________ 

   c.   Total (B. 2. a plus B. 2. b) 

____________________ 

   d.   Less-Items not Eligible as Supplementary Capital (B. 2. d. i plus B. 2. d ii) 

____________________ 

      (i)   Revaluation Reserves 

 

      (ii)   Others (specify each item) 

 

   e.   Supplementary Capital after deducting ineligible items (B. 2. c minus B. 2. d) 

____________________ 

   f.   Less-Amount in excess of the maximum allowable 

____________________ 

      Supplementary capital (B. 2. e minus A. 2) 

____________________ 

   3. Total Capital Before Required Deductions (B. 1 plus B. 2) 

____________________ 

   4. Less-Required Deduction from Total Capital (B. 4) 

____________________ 

   Investment in the capital of another company or subsidiary to the extent of such company's (or subsidiary's) reciprocal investment in the capital of the bank/financial institution 

____________________
____________________
____________________
____________________ 

   5. Total Capital Available (B. 3 minus B. 4) 

____________________ 

C.   Excess (Deficiency) Capital 

____________________ 

   1.   Core Capital (B.1 minus A.1) 

____________________ 

   2.   Supplementary Capital (B. 2 minus A. 2) 

____________________ 

   3.   Total Capital (B. 5 minus A. 3) 

____________________

SECOND SCHEDULE
AGGREGATION OF RISK ADJUSTED VALUES OF ASSETS

 

(Regulation 13)

 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>BOT FORM 16-5(a) This is a monthly report 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Deadline: 15 days after end of reference month. Submission: Two copies to Bank Supervision. Directorate Code: ...................................... 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>(Name of bank financial institution) Computation of Risk Weighted Assets 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>As at _____________
(Shilling Million)

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Assets 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Risk Weight 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Balance (Net of Allow for Losses) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Risk Weighted Assets 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>1.   Cash 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>2.   Balance with Bank of Tanzania 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Current Account 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Statutory Minimum Reserve Account 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   Others (specify) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>3.   Balance with Other Banks 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Banks in Tanzania with residual maturity of up to one year with residual maturity of more than one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>
20%

100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Banks Abroad 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      Banks incorporated in OECD countries 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      Banks incorporated in non-OECD countries 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - with residual maturity of up to one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - with residual maturity of more than one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>4.   Cheques and Items for clearing 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>5.   Investment in Debt Securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Treasury Bills with residual maturity of 1-91 days
more than 91 days 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>
0%
0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Other Government Securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      Issued by GOT (URT) with residual maturity of 1-91 days 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - more than 91 days 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      Issued by Local Government units, including 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      the Government of Zanzibar (GOZ) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - with residual maturity of up to one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - with residual maturity of more than one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   Security issued by the BOT 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (d)   Private Securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (e)   Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>6.   Interbank Loans Receivable 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Interbank call loans - Tanzania 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Other Interbank loans - Tanzania 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - with residual maturity of up to one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - with residual maturity of more than one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   Interbank loans abroad 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      Banks incorporated in OECD countries 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      -   with residual maturity of up to one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      -   with residual maturity of more than one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>7.   Loans Advances and Overdrafts 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Loans and Advances 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (i)   Loans secured by cash or portion secured by cash deposits or BOT securities held by the bank 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (ii)   Loans to Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (iii)   Loans to Local Government units/GOZ, including those guaranteed by the GOT(URT) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (vi)   Overdrafts to parastatals 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (v)   Other loans and advances 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Overdrafts 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (i)   Overdrafts secured by cash or portion secured by cash, deposits or BOT securities held by the bank 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (ii)   Overdrafts to Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (iii)   Overdrafts to Central Government units/GOZ, including those guaranteed by the GOT(URT) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (iv)   Overdrafts to parastatals 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (v)   Other overdrafts 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   Restructured Loans 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (i)   Secured by cash or portion secured by cash deposits or BOT securities held by the bank 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (ii)   Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>8.   Commercial and Other Bills Purchased and Discounted 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Export Bills 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Import Bills 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (i)   IBs against 100% cash cover or portion covered with cash 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (ii)   IBs of Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (iii)   IBs of Local Government units/GOZ, including those guaranteed by the GOT (URT) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (iv)   IBs of parastatals 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (v)   Other Import Bills 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   Domestic Bills (DBs) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (i)   DBs against 100% cash cover or portion covered with cash 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (ii)   DBs of Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (iii)   DBs of Local Government units/GOZ, including those guaranteed by the GOT (URT) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (iv)   DBs of parastatals 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (v)   Other Domestic Bills 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (d)   Clean Bills 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (i)   Own 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      (ii)   Other Banks 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - with residual maturity of up to one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - with residual maturity of more than one year 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>9.   Customer Liabilities for acceptances (CLAs) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   CLAs against 100% cash over or portion covered with cash 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   CLAs of Central Bank 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   CLAs of Local Government units/GOZ, including those guaranteed by the GOT (URT) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (d)   CLAs of parastatals 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (e)   Other CLAs 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>10. Underwriting Accounts 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Underwriting Securities Purchased 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Receivable Arising from Sale of Underwritten Securities Secured by cash or portion secured by cash, deposits or BOT securities held by the bank 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>11. Equity Investment 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Equity Investment in Subsidiaries 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Equity Investment - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>12. Claim on the Treasury 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>13. Bank Premises, Furniture & Equipment 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Banking Facilities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Staff-Houses and other fixed assets acquired for Fringe Benefit Purposes 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>14. Other Property and Assets Owned or Acquired 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Held for less than 3 years 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Held for 3 years or more 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>15. Inter branch float items Net 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Outstanding for 30 days or less 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Outstanding for 31 years or more 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>16. Other assets 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Gold 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Stamp Account 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   Returned Cheque and Other Clearing Items 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (d)   Accrued Interest Not Related to Loans and Advances 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (e)   Sundry Debtors 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (f)   Prepaid Expenses (Deduction from core capital) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (g)   Deferred Charges (Deduction from core capital) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (h)   Shortages, Misappropriations & Forgeries 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (i)   Miscellaneous Assets 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>17. Total Assets 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>18. Required Capital 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Required Core Capital = 6% of 17 x = .06 x Shs. _______   _______   ___ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Required Total Capital = 8% of Item
17 x = .08 x Shs.               _______          ___ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

 

 

___

THIRD SCHEDULE
COMPUTATION OF RISK WEIGHTED OFF BALANCE SHEET EXPOSURES

 

(Regulation 14(c))

 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>BOT FORM 16-5(b) This is a monthly report 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Deadline: 15 days after end of reference month.
Submission: Two copies to Bank Supervision.
Directorate Code: ______________________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>(Name of bank/financial institution)
Computation of Risk Weighted Off Balance Sheet Exposures
As at ___________________
(Shilling Million) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Off Balance Sheet Items 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Credit Conversion Factor 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>O/S Balance (Net of Allow for Losses) 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Credit Equivalent 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Risk Weight 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>Risk Weighted Off B/S Exposure 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>1.   Outstanding Letters of Credit 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Sight Import Letters of Credit 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/ deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Usance Import Letters of Credit 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/ deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   Deferred Letters of Credit 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (d)   Domestic Letters of Credit 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (e)   Standby Letters of Credit 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/ deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>2.   Export Letters of Credit-Confirmed 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>20% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>3.   Outstanding Guarantees and Indemnities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Guarantees for Loans, Trade & Securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/ deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Shipping guarantees 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/ deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (c)   Performance Bonds 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/ deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (d)   Bid Bonds 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/ deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>50% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>4   Securities Purchased Under Resale Agreement 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>5.   Undrawn Balance of Unexpired Overdraft Lines 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Secured by cash/ deposit/BOT securities 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>0% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Central Government 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>      - Others 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>100% 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>6.   Total Risk Weighted Off Balance Sheet Exposures 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>7.   Required Capital 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (a)   Required Core Capital = 6% of Item 6x = 6 x Shs. 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>   (b)   Required Total Capital = 8% of Item 6 x = .08 x Shs. 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO> 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________ 

<TS:0.196528,NM,NO,0.597917,NM,NO,0.897917,NM,NO,1.29514,NM,NO,1.69653,NM,NO,2.19653,NM,NO>________

FOURTH SCHEDULE
INITIAL CAPITAL FOR REGIONAL UNIT BANKS

 

(Regulation 5(2))

 

Location of Head
Office 

Minimum Core
Capital 

 

Shs. 

Any Regional Capital classified as a municipality 

200,000,000 

Any Regional Capital classified as a town and any other municipality outside the Regional Capital 

100,000,000 

Any town outside the Regional Capital 

50,000,000

FIFTH SCHEDULE
INITIAL CAPITAL FOR REGIONAL UNIT FINANCIAL INSTITUTIONS

 

(Regulation 17(2))

 

Location of Head
Office 

Minimum Core
Capital 

 

Shs. 

Any Regional Capital classified as a municipality 

100,000,000 

Any Regional Capital classified as a town and any other municipality outside the Regional Capital 

75,000,000 

Any town outside the Regional Capital 

50,000,000

THE MANAGEMENT OF RISK ASSETS REGULATIONS

[1st May, 2001]

G.N. No. 38 of 2001

PART I
PRELIMINARY PROVISIONS (regs 1-4)

 

1.   Short title

   These Regulations may be cited as the Management of Risk Assets Regulations.

 

2.   Application

   These regulations shall apply to all licensed banks and financial institutions.

 

3.   Interpretation

   In these Regulations unless the context otherwise requires–

   "the Act" means the Banking and Financial Institutions Act *;

   "the Bank" means the Bank of Tanzania;

   "bank" means a financial institution authorised to receive money on current account subject to withdrawal by cheque;

   "banking business" has the same meaning as assigned to that expression in the Act;

   "classified loans" are those loans which possess well-defined weaknesses outlined under Regulation 14;

   "director" means any person by whatever title or designation known carrying out of empowered to carry out functions in relation to the direction of a bank or financial institution which are substantially the same as those carried out by a member of the board of directors of a company incorporated under the Companies Ordinance *;

   "doubtful loans" are loans or portions thereof which have the weaknesses of loans classified as substandard with the added characteristics that the loans are not well secured or the currently existing facts, conditions and values make collection or liquidation in full highly improbable. The possibility of loss is high, but due to important factors which may lead to improvement in the quality of the loan, its classification as loss is deferred until such possibility becomes more certain;

   "fit and proper person" means a person with the attributes required of a member of the board of directors and management of a bank or financial institution as per criteria set out in the First Schedule to the Banking and Financial Institutions Regulations, 1997;

   "financial institution" has the same meaning assigned to that expression in the Act;

   "in the process of collection" means that collection of a debt is proceeding in due course in a timely manner either through legal action, including the enforcement of judgements against the borrower or through collection efforts not involving legal action which are reasonably expected to result in repayment of the debt or in its restoration to a current status through payment of the principal and interest due;

   "loans" and "loans and advances" may be used interchangeably to include any loan, discount, advance, overdraft, export bills purchased, other bills receivable or purchased, import bills, customer's liability on acceptances or any other credit extended to the customer of a bank or financial institution excluding the undrawn or unavailed balance of any line of credit, guarantee, performance bonds, commercial letters of credit, standby letters of credit and other similar contingent accounts or off balance sheet items;

   "Loro account" means a foreign currency demand deposit account maintained in a local bank or financial institution by a bank in a foreign country and is used primarily to facilitate foreign exchange transactions between the respective banks;

   "loss classification" means that the loans or portions thereof are considered uncollectible or worthless and of such little value that their continuance as bankable assets is not warranted although the loans may have some recovery or salvage value;

   "negotiated loan" may be used interchangeably with "restructured loan" to mean any loan that has been rescheduled or refinanced in accordance with agreement setting forth a new repayment plan on a periodic basis occasioned by weaknesses in the borrower's financial condition or inability or both to repay the loan as originally agreed. It shall be upon the policy of the bank whether or not to impose a penalty charge to such loans;

   "non-accruing loans" means that recognition of interest income on the loan has been placed on a cash basis for financial reporting purposes. Interest is no longer accrued on the books of the bank or financial institution nor taken into income unless paid by the borrower in cash but shall be recorded in a memorandum account or register. The accrual of interest on the books of the bank shall resume only if the unpaid interest is paid;

   "non-performing loans" means any loan that repayment of principal and interest in whole or partial had not been effected for 90 days or more after due date or under the criteria prescribed in Regulation 12 of these regulations;

   "Nostro account" means a foreign currency demand deposit account kept by a domestic bank or financial institution in a foreign bank abroad where the account is used primarily to facilitate foreign exchange transactions between the respective banks;

   "off balance sheet items" means all items not shown on the balance sheet but which constitute credit risk. Such risk items include guarantees, acceptances, performance bonds, letters of credit, undrawn portion of overdrafts and other off balance sheet items deemed to constitute credit risk by the Bank;

   "other risk assets" means the total assets of a bank or financial institution minus its loans, cash, gold, amount due from Bank of Tanzania, Government securities, securities issued by the Bank of Tanzania, securities issued by other Government institutions which are unconditionally guaranteed by the Government as to repayment of principal and interest at maturity date, bank premises, furniture and equipment and such other assets as may be declared by the Bank as non-risk;

   "past due loans" means loans which have become due for payment and/or which possess the characteristics mentioned under regulation 14;

   "substandard loans" are loans or portions thereof which involve a substantial and unreasonable degree of risk to the institution because of unfavourable record or unsatisfactory characteristics;

   "unclassified loans" are loans that do not have greater than normal risk and do not possess the characteristics and weaknesses of classified loans as described in Regulation 14. The borrower has the ability to satisfy his obligation in full and no loss is anticipated;

   "unsecured loan" means advances or credit facilities granted without security or in the case of any advance or credit facility granted against security, any part of such advance or credit facility which at any given time exceeds the market value of assets comprising the security given or which exceeds the valuation approved by the bank whenever the bank deems that no ascertainable market value exists for the said assets;

   "well secured loan" means that the loan is secured by a collateral which is sufficient to protect the bank or financial institution from loss of principal and interest through its timely disposition under an orderly liquidation programme. Sufficiency implies the existence of proper legal documentation, a net realisable market value which is adequate to cover the amount of principal and interest outstanding as well as costs of collection and the absence of prior liens on the collateral which could diminish its value or otherwise prevent the bank from acquiring clear title.

 

4.   Maintaining public confidence

   (1) The management of every bank and financial institution is primarily responsible for maintaining public confidence of the institution it represents. Accordingly, the board of directors and executives officers of the institution should provide reasonable assurance to the public, the depositor and the creditors, shareholders, and the supervisory authorities that the lending and investment policies of the institution conform with acceptable and established norms of banking and that its loans and investments are granted, approved and are being administered with the highest degree of prudence required by public trust. Further, the management must ensure that timely and adequate actions will be taken on problem assets to prevent accumulation of portfolio losses.

   (2) In the same light, the management of every bank or financial institution is responsible for maintaining the integrity of its financial reports and the transparency of its business decisions by ensuring that assets are realistically valued and income and expenses are prudently recognised.

   (3)(a) Section 15(a) of the Act requires every bank and financial institution to calculate its annual provision for bad and doubtful debts and to obtain the approval of the Bank before annual accounts are finalised.

   (b) Such approval will not be given upon the bank or financial institution concerned presenting to the Bank balance sheet and profit and loss account, including detailed account of provisions made for bad and doubtful debts and for other assets and the Bank is satisfied that these provisions are realistic and adequate.

   (c) The percentages of provision in Part IV of these regulations are minimum. Management of banks and financial institutions have the responsibility establishing additional to cover expected losses.

PART II
MANAGEMENT OF RISK ASSETS (regs 5-9)

 

5.   Prescriptions shall be in writing

   In the exercise of its prerogatives as the highest policy making body of the institution, the board of directors of every bank and financial institution shall prescribe in writing:

 

   (a)   A credit policy specifying the criteria and procedures in the evaluation, processing, approval, documentation and release of credits. Such policy should include the procedures for loan administration and recovery, the recording of transactions and maintenance of appropriate credit and document files. The levels of discretion given to approving executive officers or committees must be defined clearly in such a policy or in a separate resolution of the board of directors.

 

   (b)   A system of reviewing the entire asset portfolio including contingent accounts or off balance sheet items and adequate provision for losses at quarterly intervals. Such review system shall specify the approach to be used during the review eg. qualitative or ageing. However, if any bank or financial institution has large loan portfolios then both approaches may be used, where 80% or more of the loan portfolio be reviewed through qualitative approach. Such review system should be made part of the credit policy mentioned in subregulation (1) of this regulation.

 

   (c)   An investment policy and a policy on the diversification of credit risks, including contingent accounts or off balance sheet items.

 

   (d)   A charge off or write off policy which will include a review system of unfavourable trend of delinquent loans and an adoption of automatic charge off procedures. The system shall also prescribe the treatment of any recoveries arising from the charged off loans.

 

   (e)   An application to the Bank for approval, in case of any need by the Board of directors to amend any of the policies mentioned in subregulations 4(1) to 8(4) inclusive of this regulation.

 

6.   Amount and period of credit

   The credit policy referred to in subregulation (1) of regulation 4 shall take into account the following guiding principles:

 

   (a)   A credit facility shall be granted only in the amount and for the determined purpose or project and period essential to complete the operation or project to be financed. Overdraft facilities shall be granted for working capital purpose only for a maximum duration of one year.

 

   (b)   Before granting a loan, every bank and financial institution shall exercise proper caution to ascertain that the borrower is capable of fulfilling its commitments. With this view, the institution should demand from a loan applicant the statements of its assets and liabilities, and income and expenditures. Where the applicant represents itself to be engaged in business which has a substantial volume of transactions, revenues or assets, the submission of its audited balance sheet, profit and loss account and cashflow statement for each year during the last five years, should also be required. In addition, a copy of the applicant's official return submitted during the last two years for income taxation purpose to the income tax office should be obtained. Where the loan is intended to finance a specific or new project or to rehabilitate the business, the applicant should also be required to submit a project feasibility study which shall be reviewed in evaluating the credit application.

 

   (c)   Every bank and financial institution shall include in the credit policy a pricing criteria to be applied in granting credit facilities. It shall be upon the policy of the bank whether or not to impose a penalty charge on negotiated or restructured loans.

 

   (d)   Every bank and financial institution shall make a credit investigation and analysis of the character and financial capacity of each loan applicant. No loan should be granted to an applicant who lacks the capacity to repay in full even if the applicant is deemed to be financially responsible. The lending institution should require the applicant to submit acceptable collateral with sound realisable value that the bank deems to be adequate to cover any risk of default. Unsecured credit accommodation shall not be granted unless unanimously approved by all of its directors and notified in advance to the Bank.

 

   (e)   The purpose of all loans and advances shall be stated in the loan application. Where the bank or financial institution finds that the funds have been employed, without its approval, for purposes other than those agreed upon, the institution shall terminate the loan and demand immediate repayment of the obligation unless it is satisfied with the reasons given by the borrower.

 

   (f)   The type of credit facility granted and its repayment schedule shall be appropriate for the credit and purpose of the credit. An overdraft facility is a revolving line of the credit that self liquidates as the merchandise is sold but not for personal consumption loans or loan for the expansion or modernisation of the plant and facilities. For this reason, overdraft facilities should be encouraged only for borrowers whose accounts swing and turn-over warrant increased working capital for their business and not fixed income individuals.

 

   (g)   Any outstanding loan that mature or expire shall not be extended, renewed or rolled over until all interest and charges due, plus at least ten percent (10%) of the principal is paid. Matured or expired credit facilities that are not extended, renewed or rolled over may be negotiated or restructured and placed upon periodic repayment schedule of interest and principal provided they have adequate collaterals. Matured credits which are not renewed, extended, rolled over, restructured or negotiated shall be subject to aggressive collection efforts.

 

7.   Charging off loans and accounting for recoveries

   Every bank and financial institution shall charge off or write off all loans classified loss at the end of every quarterly review. Recoveries out of the charged off accounts shall be recognised as per requirement of National Board of Accountants and Auditors (NBAA) accounting standards and guidelines.

 

8.   Portfolio review guidelines as minimum requirement

   The portfolio review system required to be established subregulation (2) of regulation 5 shall include the guidelines prescribed herein as a minimum requirement.

 

9.   Submission to the Bank of the portfolio review system

   The board of directors of every bank and financial institution shall cause the submission of a copy of its portfolio review policy, to the Bank, not later than thirty days after its approval by the Board.

PART III
CLASSIFICATION OF LOANS AND OTHER RISK ASSETS (regs 10-19)

 

10.   Quarterly review of loans and other risk assets

   Every bank and financial institution shall review and classify its outstanding loans and other risk assets including contingent accounts or off balance sheet items at least once every quarter. The review shall take into consideration the credit review policy approved by the Board.

 

11.   Criteria on past due loans and advances

   Outstanding loans and advances reviewed by quantitative approach shall be aged according to maturity. Those which are not yet due shall be considered current and those which are not paid at maturity should be considered past due in accordance with the criteria set forth below–

 

   (a)   Loans and advances with specific repayment due dates other than loans payable in instalments are considered past due when:

 

      (i)   Principal or interest is not paid seven days after the due date agreed upon; or

 

      (ii)   interest due has been capitalised, refinanced, rescheduled or rolled over.

 

   (b)   Overdrafts and other credits without specific repayment due dates such as sight bills and bills purchased are considered past due when any of the following conditions exists–

 

      (i)   advances exceed the customer's borrowing limit for thirty consecutive days or more;

 

      (ii)   the customer's borrowing limit has expired;

 

      (iii)   deposits are insufficient to cover the interest calculated and due for the period;

 

      (iv)   the bill had been dishonoured; and

 

      (v)   the bill or account has been outstanding for thirty days or more.

 

   (c)   Loans which are payable in instalments are considered past due in their entirety if any of the instalments have become due and unpaid for thirty days or more.

 

   (d)   The quantitative approach (ageing) review may be used by bank or financial institutions management as a tool to establish loan migration rather than for establishing loan provisions. However, for banks or financial institutions with large volume of loans a benchmark may be used to age loans (of smaller values) and calculate the amount of provision.

 

   (e)   Outstanding loans and advances reviewed by quantitative approach shall be classified as follows:

No. of Days Past DueClassification

   91 - 180

   Substandard

   181 - 270

   Doubtful

   271 and more

   Loss

 

12.   Submission of past due loans report

   Every bank and financial institution shall submit to the Bank a quantitative past due loans report in each quarter not later than the 15th day following the end of the reporting quarter.

 

13.   Qualitative appraisal of loans and advances

   In addition to classifying loans and advances as either current or past due, every bank and financial institution shall appraise the same qualitatively and group such loans and advances into either classified or unclassified.

 

14.   Unclassified loans

   Loans which are fully secured, both as to principal and interest, by cash or near-cash such as treasury bills and notes and bonds or certificates of indebtedness issued by the Bank, should be classified on the same basis as other loans save that provisions against such loans will be required only where the security itself is the object of an adverse claim.

 

15.   Classified loans

   Classified loans are subdivided into "loans especially mentioned", "substandard", "doubtful" and "loss".

 

   (a)   Loans especially mentioned are loans that are superior in quality to those classified as substandard, but which are potentially weak and thus require closer management supervision. These loans do not have adverse credit information or factors sufficient to warrant their classification as substandard. This category includes:

 

      (i)   Loans with technical defects and collateral exceptions such as:

 

         (aa)   Unlocated collateral file and documents including but not limited to title papers and deeds, mortgage instruments and promissory notes;

 

         (bb)   Improper execution of supporting deed of assignment, pledge agreement, or real mortgage;

 

         (cc)   Unregistered mortgage instruments;

 

         (dd)   Collateral not covered by appraisal reports or appraisal whose reports are unlocated;

 

         (ee)   Loans where corresponding promissory notes or credit agreements were signed by a person other than the authorised officer of the borrowing firm;

 

         (ff)   Loans secured by property the title to which bears an uncancelled lien or encumbrance;

 

         (gg)   Collateral not insured or with inadequate or expired insurance coverage;

 

         (hh)   Loans to companies not covered by authenticated board resolutions authorising the borrowings;

 

         (ii)   Unsecured loans granted to Directors and officers contrary to the provisions of subsection 3(b) of section 37 of the Act;

 

      (ii)   Loans not supported by up-to-date and adequate financial statements or credit information. Included in this group are:

 

         (aa)   Loans renewed, renegotiated or restructured without updated financial statements and/or income tax returns; and

 

         (bb)   Loans without credit investigation/analysis reports or updated credit information independently verified by the lender;

 

      (iii)   Loans that need the attention of management for special or corrective action or both. This group includes:

 

         (aa)   Loans wherein efforts to collect are not evident or are deemed inadequate;

 

         (bb)   Loans granted beyond the discretionary limit of the approving authority;

 

         (cc)   Drawings or availments against an expired credit line or drawings/availments without prior approval of the appropriate Executive Officer;

 

         (dd)   Overdrafts to borrowers who failed to comply with the conditionalities of the loan such as, failure to operate the account satisfactorily;

 

         (ee)   Loans to firms with profitable operations but belonging to a distressed industry;

 

         (ff)   Combined indebtedness to the bank of a group of persons, firms and/or companies that are related, linked or connected to each other through common ownership, management or control or through common family or business interest where twenty-five percent (25%) or more of such combined indebtedness is past due;

 

         (gg)   Loans to borrower who frequently fails to respond to bank calls, visits or demand notices to pay;

 

      (iv)   Loans the repayment of which may be endangered by economic or market conditions or other factors which in the future may adversely affect the borrowers' ability to meet scheduled repayments such as declining or fluctuating operation, illiquidity, increasing leverage trend, or declining market prices over a given period;

 

Substandard loans

 

   (b)   Loans classified as substandard must have well define weaknesses that jeopardise their liquidation such as weaknesses inherent in loans especially mentioned which are more severe or which have remained uncorrected over a period of ninety days or more. Such weaknesses may include adverse trends or developments of financial, managerial, economic, or political nature, or a significant weakness in collateral. The basic characteristics of loans subject to substandard classification are as follows:

 

      (i)   Loans which are non-performing;

 

      (ii)   Loans which possess the technical defects and weakness of loans especially mentioned and which have remained uncorrected for ninety days or more since the occurence of deficiency;

 

      (iii)   Loans, whether current or past due, which have become unsound due to unfavourable results of operations of the borrower, significant under-capitalisation of the borrower, or absence of favourable track record showing borrower's financial responsibility;

 

      (iv)   Term loans to borrowers whose cash flows are not sufficient to meet currently maturing debts and or overdrafts whose funds had been diverted or proceeds of the financed projects are not used to repay the amount outstanding;

 

      (v)   Loans to distressed industries repayments of which are imperilled;

 

Doubtful loans

 

   (c)   Loans having the following basic characteristics shall be classified as doubtful:

 

      (i)   Loans classified as substandard in the last quarterly review without any significant improvement since then in terms of full payment of interest due among other things, except where such loans are well-secured by legally enforceable collaterals, standby letters of credit, and irrevocable guarantees of top rate international banks, or the government and that legal action has commenced and realisation of collateral within one year or enforcement of the guarantees within thirty days from demand can be expected;

 

      (ii)   Unsecured loans classified as substandard in the last quarterly review which have been extended, renewed or rolled over without repayment of all interest and charges due at least ten percent (10%) of the principal;

 

      (iii)   Past due loans secured by collaterals such as inventories, receivables, equipment, and other chattels which have declined in value materially, without the borrower offering additional collateral and the borrower's financial condition does not justify unsecured lending;

 

      (iv)   Past due loans secured by real mortgage title to which property is subject to an adverse claim rendering settlement of the loan through foreclosure doubtful or unviable;

 

      (v)   Loans whose possibility of loss is extremely high but for certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until a more exact status is determined;

 

Loans classified "loss"

 

   (d)   Losses should be taken in the period in which they surface as uncollectible. The basic characteristics of loans subject to loss classification are as follows:

 

      (i)   Loans classified as doubtful in the last quarterly review without any significant improvement since then;

 

      (ii)   loans to borrowers whose whereabouts are unknown, or who are insolvent, whose earning power is permanently impaired and the guarantors or co-obligors are insolvent, or that their guarantees are not financially supported; and

 

      (iii)   loans considered as absolutely uncollectible.

 

16.   Classification of other property and assets in settlement of loans

   Other property and assets owned or acquired in settlement of loans previously contracted should be classified as substandard except the following which shall be classified as loss:

 

   (a)   The excess of the book value of the asset over the appraised value (fair value determined based on market valuation or independent professional valuation);

 

   (b)   the entire book value of an asset or property whose title is being contested in court or is definitely lost to another party;

 

   (c)   the entire book value of an asset or property which is worthless or not saleable;

 

   (d)   the entire book value of an asset or property which remains unsold after one or more years, in the case of personal or movable property; and three years or more, in the case of real property;

 

   (e)   the entire book value of an asset or property of which the bank or financial institution is deprived of actual possession or of beneficial ownership or over which the bank is unable to exercise the right of usufruct for all practical purposes as when the property is eroded by a river; and

 

   (f)   the amount of accrued interest, and collection expenses which were capitalised to form part of the value of the asset.

 

17.   Classification of other assets

   Sundry debtors and other accounts receivable, arising from loans, except for accrued interest receivable, shall have the same classification as their respective loan accounts. Except accrued interest receivable, all other receivables shall be classified according to age as follows unless there is good reason for non-classification:

No. of Days Outstanding    Classification

   31-60Especially Mentioned

   61-90Substandard

   91-180Doubtful

   181 or moreLoss

 

18.   Assets in Nostro and Loro Accounts

   Inter-office or inter-branch items, suspense accounts, frauds shortages, uncleared effects, miscellaneous intangible assets including unlocated differences in Nostro and Loro accounts, and other assets not specially treated in the preceding regulations, except for investment accounts and accrued interest receivable, shall be classified as follows:

No. of Days Outstanding   Classification

   31-60Especially Mentioned

   61-90Substandard

   91-180Doubtful

   181 or moreLoss

 

19.   Review and appraisal of the off balance sheet items

   In undertaking the review and appraisal of its off balance sheet commitments such as guarantees, indemnities, performance bonds commercial letters of credit, deferred letters of credit, and other contingent items, every bank and financial institution shall, whenever practicable, observe the same procedure and regulations prescribed for loans. Such off balance sheet items shall be grouped into unclassified and classified items. Classified items are those which possess well-defined weaknesses and are subdivided into "items especially mentioned", "substandard", "doubtful", and "loss".

PART IV
PROVISIONING FOR LOSSES (regs 20-25)

 

20.   Allowance for probable loss

   Every bank and financial institution shall set up in its books of accounts on or before the end of each calendar quarter a valuation reserve or an asset valuation account called "Allowance for Probable Losses" at an amount equal to:

Unclassified Assets:NilClassified Assets–Loans/Other Assets Especially Mentioned:5%Substandard:10%Doubtful:50%Loss:100%

 

21.   Treatment of allowance for probable losses

   The "allowance for probable losses" shall be treated as a valuation reserve against the respective asset account. Such allowance should be established through charges to "provision for bad and doubtful debts" in the case of losses on other risk assets.

 

22.   Provisioning for temporary investment

   Temporary investments in shares of companies, bonds and Government securities shall be valued at the lower of cost or market value. An "Allowance for probable Losses" equitable to at least ten percent (10%) of the book value of the investment should be set up to reflect a material major or market decline on impairment of value for securities that are not readily marketable.

 

23.   Booking of and provisioning for losses on equity investment

   Equity investments in subsidiaries or other affiliates or associated companies should be booked at cost (that is cost of acquisition of the equity shares). Where the cost is determined to be greater than the net asset (networth) in a situation where the investee company has been experiencing persistent operating losses and permanent diminution in value of its net assets to a figure below the equity cost and such a situation is not expected to reverse in the foreseeable future, the excess cost over the networth representing diminution in value of the investment shall be recognised in the profit and loss account by making a provision for diminution in value of the investment in the accounts of the holding company with adequate disclosure where amount involved is material. However, where there is an excess of net worth over the equity cost, recognition of such surplus shall not be recognized as income in the profit and loss account of a bank.

 

24.   Provisioning for contingent or off balance sheet items

   The amount of "allowance for probable losses" on contingent accounts or off balance sheet items shall be equal to–

Unclassified Items:NilEspecially Mentioned:5%Substandard:10%Doubtful:50%Loss:100%

   The "allowance for probable losses-contingent accounts" should be established by debiting "provision for losses on Contingent Accounts".

 

25.   Annual review by the Bank

   The adequacy of the amount of allowance for probable losses shall be reviewed by the Bank during its annual inspection of the accounts and affairs of each institution or during a snap or special inspection. When the amount of the allowance for probable losses established by the institution is found to be inadequate, the bank or financial institution concerned shall make the additional provision as may be directed by the Bank.

PART V
ACCRUAL OF INTEREST (regs 26-27)

 

26.   Non-accrual of income on past due loans

   All banks and financial institutions shall place on a non-accrual basis all loans which remain unpaid for 90 days or more after the due date. All previously accrued but uncollected interest on loans placed on non-accrual shall be reversed and placed in memorandum record/register to avoid overstatement of income. Any loan placed on a non-accrual basis may be restored to an accrual basis upon the full settlement of all delinquent principal and interest out of funds not coming from another loan granted by the same institution. Interest on loans placed on a non-accrual shall be recorded under a memorandum of record/register.

 

27.   Repeal

   [Repeals the Guidelines on Management of Risk Assets Classification of Loans and Other Risk Assets, Provisioning for Losses and Accrual of Interest of 18.10.1991.]

THE INDEPENDENT AUDITORS REGULATIONS

 

(Section 51(1))

[1st September, 2000]

G.N. No. 102 of 2001

PART I
PRELIMINARY PROVISIONS
(regs 1-3)

 

1.   Short title

   These Regulations may be cited as the Independent Auditors Regulations.

 

2.   Application

   These Regulations shall apply to all registered independent auditors of banks and financial institutions.

 

3.   Interpretation

   In these Regulations, unless the context requires otherwise–

   "the Act" means the Banking and Financial Institutions Act *;

   "the Bank" means the Bank of Tanzania established under the Bank of Tanzania Act *;

   "conflict of interest" means a situation or circumstance whereby a staff or board member who is in a position where privileged information obtained in the line of his duty could be used to further personal or other business interests;

   "core capital" may be used interchangeably with "tier 1 capital" to mean permanent shareholder's equity in the form of issued and fully paid in shares of common stock, non-redeemable and non-cumulative preferred stocks, capital grants plus all disclosed reserves, less goodwill or any other intangible assets;

   "disclosed reserves" includes all the reserves created or increased through share premiums, retained earnings (after deducting all expenses, provision, taxation, and dividend), and general reserves, if such disclosed reserves are permanent and unencumbered and thus able to absorb losses;

   "independent auditor" means an accounting or auditing firm which is recognized by the National Board of Accountants and Auditors to be practising in auditing and related activities and has been registered by the Bank to audit banks and financial institutions;

   "officers" means the Chief Executive Officer of a bank or financial institution, officials of lower rank down to the assistant head of a department or branch or their equivalent and all members of permanent committee or body (including the Regional Board) whose duties include functions of management such as those ordinarily performed by regular officers, and all those whose duties as officers are defined in the articles of association or who are generally known to be officers of the institution either through announcement, representation, publication, or communication made by the institution;

   "statement of accounts" means a balance sheet, income statement and cash flow statement with their relevant schedules and notes;

   "statutory audit" means an audit performed in accordance with the requirements of the Companies Ordinance and the National Board of Accountants and Auditors.

PART II
APPOINTMENT OF INDEPENDENT AUDITORS (regs 4-5)

 

4.   Appointment of independent auditors

   (1) Every bank and financial institution shall appoint annually an independent auditor, qualified under the Companies Ordinance, recognized by the National Board of Accountants and Auditors, registered by the Bank and who has no conflict of interest. The Bank shall be notified of such appointment.

   (2) If a bank or financial institution fails to appoint an independent auditor under subregulation 4(1), or to fill any vacancy for an auditor which may arise, the Bank may appoint an auditor and fix his remuneration to be paid by the institution to him.

 

5.   Change of auditors to be approved by Bank

   No bank or financial institution shall remove or change its independent auditor in the middle of the audit work, except with the prior written approval of the Bank.

PART III
DUTIES OF INDEPENDENT AUDITORS (regs 6-12)

 

6.   Submission of accounts to Bank

   Independent auditors appointed according to Part II shall be required to audit and make reports on the annual statement of accounts and submit a copy of such reports to the Bank as required by the Act.

 

7.   Additional duties

   The Bank may require an independent auditor to undertake the following duties in addition to those provided under regulation 6:

 

   (a)   Submit directly to the Bank such additional information in relation to his audit as the Bank may consider necessary;

 

   (b)   carry out any other special investigation;

 

   (c)   submit a report on any of the matters referred to in subregulation 7(a) and (b) of this regulation; and the bank or financial institution concerned shall remunerate the auditor in respect of the discharge by him of all or any of such additional duties;

 

   (d)   ensure that statement of accounts prepared by banks and financial institutions are in line with National Board of Accountants and Auditors standards and guidelines. For the areas that have not been covered by National Board of Accountants and Auditors standards and guidelines, International Accounting Standards shall apply.

 

8.   Report to Bank

   If the independent auditor of a bank or financial institution, in the course of the performance of his duties under these Regulations, is satisfied that:

 

   (a)   There has been a serious breach of or non-compliance with the provisions of the Act, the Bank of Tanzania Act *, the Regulations, guidelines or other matters prescribed by the Bank;

 

   (b)   a criminal offence involving fraud or other dishonesty has been committed by a bank or financial institution or any of its officers or employees;

 

   (c)   losses have been incurred which reduce core capital of a bank or financial institution substantially;

 

   (d)   serious irregularities have occurred which may jeopardise the security of depositor or creditor of a bank or financial institution; or

 

   (e)   he is unable to confirm that the claims of depositors and creditors of the institution are capable of being paid out of the assets of the institution. He shall immediately report the matter to the Bank.

 

9.   Computation of annual capital position

   Independent auditors shall be required by the bank and financial institutions to compute capital position as at the end of each financial year taking into account the requirement of the Act and all relevant prudential regulations issued by the Bank and to render a statement on the adequacy or inadequacy of it.

 

10.   Trilateral meetings

   The Bank may arrange trilateral meetings with a bank or financial institution and its independent auditor from time to time, to discuss matters relevant to the Bank's supervisory responsibilities which have arisen in the course of the statutory audit of the institution including relevant aspects of the institution's business, its accounting and control system and its annual accounts.

 

11.   Failure to comply

   If an independent auditor of a bank or financial institution fails to comply with the requirements of the Act and these regulations the Bank may remove him from office and appoint another independent auditor in his place.

 

12.   Auditor's duty of confidence

   (1) No duty to which an independent auditor of a bank or financial institution may be subject shall be regarded as contravened by reason of his communicating in good faith to the Bank, whether or not in response to a request made by it, any information or opinion on a matter to which this Part applies and which is relevant to any function of the Bank under the Act.

   (2) This section applies to any matter of which an independent auditor becomes aware in his capacity as an auditor or in the discharge of his duties under this Part and which relates to the business or affairs of a bank or financial institution or any associate of that bank or financial institution.

PART IV
DISQUALIFICATION FOR APPOINTMENT AS INDEPENDENT AUDITOR (regs 13-14)

 

13.   Disqualification for appointment

   A person shall not be qualified for appointment as a partner or member of an independent auditor of a bank or financial institution if he is:

 

   (a)   A director, officer or employee of any bank or financial institution; or

 

   (b)   a person who is a partner of a director, officer or employee of that institution; or

 

   (c)   a person who is an employee or employee of a director, officer or employee of that institution; or

 

   (d)   a person who is a director, officer or employee of an associate of that institution; or

 

   (e)   a person who, by himself or his partner or his employee, regularly performs the duties of secretary or bookkeeper for that institution; or

 

   (f)   a firm or member of a firm of auditors of which any partner or employee falls within the above categories.

 

14.   Written notice

   An independent auditor of a bank or financial institution shall forthwith give written notice to the Bank if he:

 

   (a)   Resigns from office;

 

   (b)   does not seek to be re-appointed; or

   (c)   includes in his report or draft report on a bank's or financial institution's accounts any qualification which did not appear in the accounts for the preceding financial year.

THE FINANCIAL STATEMENTS REGULATIONS

 

(Section 51(1))

[1st September, 2000]

G.N. No 103 of 2001

PART I
PRELIMINARY PROVISIONS (regs 1-3)

 

1.   Short title

   These Regulations may be cited as the Financial Statements Regulations.

 

2.   Application

   These Regulations shall apply to all licensed banks and financial institutions.

 

3.   Interpretation

   In these Regulations, unless the context requires otherwise–

   "the Act" means the Banking and Financial Institutions Act *;

   "director" means any fit and proper person by whatever title or designation known, carrying out or empowered to carry out functions in relation to the direction of a bank or financial institution which are substantially the same as those carried out by a member of the board of directors of a company incorporated under the Companies Ordinance;

   "officer" means the chief executive officer of a bank or financial institution, officials of lower rank down to the assistant head of a department or branch or their equivalent and all members of permanent committee or body (including the Regional Board) whose duties include functions of management such as those ordinarily performed by announcement, representation, publication, or communication made by the institution.

PART II
PUBLICATION OF QUARTERLY AND ANNUAL FINANCIAL STATEMENTS (regs 4-8)

 

4.   Publication of quarterly statements

   (1) Every bank and financial institution shall publish its quarterly balance sheet, income statement and cash flow statement in the prescribed forms shown in the First, Second and Third Schedules of these regulations and in newspapers of general circulation in Tanzania.

   (2) A copy of the statements and information on where the publication is to be made shall be submitted to the Director of Banking Supervision.

 

5.   Frequency of publication

   Each quarterly statement shall be published at least once in at least one of the newspapers of general circulation.

 

6.   When to publish quarterly statements

   The quarterly balance sheet, income statement and cash flow statement for the quarter ending March, June, September, and December shall be published within forty-five days after the end of the quarter.

 

7.   Frequency of publication of audited statement

   (1) Every bank and financial institution shall publish its audited balance sheet, income statement and cash flow statement at least once in every year in the newspapers of general circulation in Tanzania.

   (2) A copy of the statements and information on where the publication is to be made shall be submitted to the Director of Banking Supervision.

 

8.   When to publish annual audited accounts

   The annual audited statements shall be published within fifteen days after approval of the board of directors of the bank or financial institution but not later than 105 days after end of the financial year.

PART III
ADMINISTRATIVE SANCTIONS AND PENALTIES (regs 9-12)

 

9.   Penalty for failure or delay in publication

   Failure of any bank or financial institution to publish financial statements or delay the publication of the financial statements as required under these Regulations shall attract a penalty charge of one million shillings per day for every day in which the failure continues.

 

10.   Recovery of penalty charges

   The penalty charge to be imposed under regulation 9 may be recovered by deducting from any balance of, or moneys owing to, the bank or financial institution concerned, or as a civil debt.

 

11.   Misrepresentation or deliberate publication of incorrect information

   Any bank or financial institution that misrepresents information in its financial statements shall attract a penalty of one million shillings per day for every day in which the failure continues and any other sanction as prescribed in regulation 12.

 

12.   Additional sanctions

   The penalty levied on any bank of financial institution under regulation 9 shall be without prejudice to other sanctions which the Bank may impose on account of persistent violation of these regulations such as, but not limited to, the following sanctions, namely–

 

   (a)   suspension from lending and investing activities;

 

   (b)   prohibition from participating in the interbank clearing exchanges;

 

   (c)   prohibition from issuing letters of credit or guarantees;

 

   (d)   suspension of capital expenditure;

 

   (e)   prohibition from establishing or opening new branches;

 

   (f)   suspension from access to the credit facilities of the Bank;

 

   (g)   suspension of the declaration or payment of dividends;

 

   (h)   prohibition from accepting deposits;

 

   (i)   suspension or removal from office of the defaulting director, or employee;

 

   (j)   perpetual disqualification from holding any position or office in any bank or financial institution under supervision of the Bank;

 

   (k)   revocation of banking licence; or

 

   (l)   such other sanctions or penalties as the Bank may deem appropriate.

PART IV
CANCELLATION (reg 13)

 

13.   Cancellation

   [Cancels Circular No. 6 Publication of Financial Statements issued on 1st August, 1995.]

FIRST SCHEDULE
QUARTERLY STATEMENT

 

(Regulations 4 and 8)

 

NAME OF BANK/FINANCIAL INSTITUTION ......................................................................... 

BALANCE SHEET AS AT ......................................................................................
                        (Amounts in million shillings)

 

    Current
quarter
Date ..................
Previous
quarter
Date .....................
       
 

A. 

ASSETS   

1. 

Cash................................................ 

2. 

Balances with Bank of Tanzania................................................ 

3. 

Balances with other banks................................................ 

4. 

Cheques and items for clearing................................................ 

5. 

Investments in Government securities................................................ 

6. 

Investments in other securities................................................ 

7. 

Loans, advances and overdrafts
(net of allowances for probable losses)................................................ 

8. 

Interbank Loans Receivable................................................ 

9. 

Bills negotiated................................................ 

10. 

Equity investments................................................ 

11. 

Customers liability on acceptances................................................ 

12. 

Fixed assets (less depreciation)................................................ 

13. 

Inter-branch suspense(net)................................................ 

14. 

Other assets................................................ 

15. 

TOTAL ASSETS................................................

 

B. 

LIABILITIES 

 

 

16. 

Customer deposits 

........................ 

........................ 

17. 

Deposits from other banks 

........................ 

........................ 

18. 

Cash letters of credit 

........................ 

........................ 

19. 

Bills payable 

........................ 

........................ 

20. 

Bankers' cheques and drafts issued 

........................ 

........................ 

21. 

Accrued taxes and expenses payable 

........................ 

........................ 

22. 

Acceptances outstanding 

........................ 

........................ 

23. 

Interbranch suspense (net) 

........................ 

........................ 

24. 

Other liabilities 

........................ 

........................ 

25. 

TOTAL LIABILITIES 

........................ 

........................ 

26. 

NET ASSETS/(LIABILITIES) (14 minus 24) 

........................ 

........................

 

 

C. 

CAPITAL AND RESERVES 

 

 

27. 

Paid up share capital 

........................ 

........................ 

28. 

Capital reserves 

........................ 

........................ 

29. 

Retained earnings 

........................ 

........................ 

30. 

Profit (Loss) account 

........................ 

........................ 

31. 

Others 

........................ 

........................ 

32. 

Total Shareholders' Funds 

........................ 

........................ 

33. 

Contingent liabilities 

........................ 

........................ 

34. 

Non-performing loans & advances 

........................ 

........................ 

35. 

Allowances for probable losses 

........................ 

........................ 

36. 

Other non-performing assets 

........................ 

........................

 

 

D. 

PERFORMANCE INDICATORS 

 

 

 

(i)   Total capital to total assets 

........................ 

........................ 

 

(ii)   Non-performing loans & advances to total advances 

........................ 

........................ 

 

(iii)   Gross loans and advances to total deposits 

........................ 

........................ 

 

(iv)   Loans and Advances to total assets 

........................ 

........................

SECOND SCHEDULE
INCOME STATEMENT

 

(Regulation 4 and 8)

 

FOR THE QUARTER ENDED .....................................................

(Amounts in million shillings) 

 

Current quarter
Date:
............... 

Previous quarter
Date:
............... 

Current Year Cumulative
Profits/Losses
Date:
........................

Previous Year Cumulative
Profits/Losses
Date:
........................ 

1.   Interest income 

............... 

............... 

........................

........................ 

2.   Interest expense 

............... 

............... 

........................

......................... 

3.   Net interest income
(1 minus 2)

...............

...............

........................

........................ 

4.   Bad debts written off 

............... 

............... 

........................

........................ 

5.   Provision for bad and doubtful

...............

...............

........................

......................... 

6.   Non interest Income: 

 

 

 

 

   6.1 Foreign exchange profit/(loss)

...............

...............

........................

......................... 

   6.2 Commissions and fees

...............

...............

........................

......................... 

   6.3 Other

...............

...............

........................

......................... 

7.   Non interest expense:

...............

...............

........................

......................... 

8.   Operating income/(loss before tax and extraordinary items

...............

...............

........................

......................... 

9.   Extraordinary gains (losses)

...............

...............

........................

........................ 

10. Income tax provision

...............

...............

........................

......................... 

11. Net income (loss) after income tax and extraordinary items

...............

...............

........................

......................... 

12. Number of employees

...............

...............

........................

......................... 

PERFORMANCE INDICATORS

 

 

 

 

(i)   Return on average total assets

...............

...............

........................

......................... 

(ii)   Return on average ordinary shareholders' fund

...............

...............

........................

......................... 

(iii) Non interest expense to gross income

...............

...............

........................

......................... 

(iv)   Net interest income to average earning assets

...............

...............

........................

.........................

NOTE: The reported position should be for the three months of the quarter and not the cumulative (year to date) position.

THIRD SCHEDULE
CASH FLOW STATEMENT

 

(Regulation 4 and 8)

 

FOR THE QUARTER/YEAR ENDED ..............................................

(Amounts in million shillings) 

 

 

Current quarter
Date ................ 

Previous quarter
Date ................ 

I: 

Cash flow from operating activities: 

 

 

 

Net income(loss)

.........................

......................... 

 

Adjustments for:

 

 

 

—   provisions/amortization

.........................

......................... 

 

—   net change in loans and advances

.........................

......................... 

 

—   gain/loss on sale of assets

.........................

......................... 

 

—   net change in deposits

.........................

......................... 

 

—   net change in short term negotiable securities

.........................

......................... 

 

—   net change in other liabilities

.........................

......................... 

 

—   net change in other assets

.........................

......................... 

 

—   tax paid

.........................

......................... 

 

—   others (specify)

.........................

......................... 

 

Net cash provided (used) by operating activities

.........................

.........................

 

 

II: 

Cash flow from investing activities:

.........................

......................... 

 

   Dividend received

.........................

......................... 

 

   Purchase of fixed assets

.........................

......................... 

 

   Proceeds from sale of fixed assets

.........................

......................... 

 

   Purchases of non-dealing securities

.........................

......................... 

 

   Proceeds from sale non-dealing securities

.........................

......................... 

 

   Others (specify)

.........................

......................... 

 

   Net cash provided (used) by investing activities

.........................

......................... 

III: 

Cash flow from financial activities:

.........................

......................... 

 

   Repayment of long-term debt

.........................

......................... 

 

   Proceeds from issuance of long term debt

.........................

......................... 

 

   Proceeds from issuance of share capital

.........................

......................... 

 

   Payment of cash dividends

.........................

......................... 

 

   Net change in other borrowings

.........................

......................... 

 

   Others (specify)

.........................

......................... 

 

   Net cash provided (used) by financing activities

.........................

......................... 

IV: 

   Cash and cash equivalents:

.........................

......................... 

 

   Cash and cash equivalents at the beginning of the quarter/year

.........................

......................... 

 

   Net increase(decrease) in cash and cash equivalents

.........................

......................... 

 

   Cash and cash equivalents at the end of the quarter/year

.........................

.........................

 

 

Signature 

Date

.........................

.........................

Chief Executive Officer
Director of Finance
Chief Internal Auditor

.........................
.........................
.........................

.........................
.........................
.........................

We, the undersigned non-executive members of the board of directors, attest to the correctness of the above statements. We declare that the statements have been examined by us, and to the best of our knowledge and belief have been prepared in conformance with the instructions and are true and correct.

 

 

Name 

Signature 

Date 

1.   ....................................... 

....................................... 

...................... 

2.   ....................................... 

....................................... 

......................

THE LIQUID ASSETS RATIO REGULATIONS

 

(Section 51(1))

[1st September, 2000]

G.N. No. 104 of 2001

PART I
PRELIMINARY PROVISIONS (regs 1-3)

 

1.   Short title

   These Regulations may be cited as the Liquid Assets Ratio Regulations.

 

2.   Application

   These Regulations shall apply to all licensed banks and financial institutions.

 

3.   Interpretation

   In these Regulations, unless the context otherwise requires–

   "the Act" means the Banking and Financial Institutions Act *;

   "borrowing from the general public" means obtaining funds through the frequent sale, placement or issuance of bonds, certificates, notes bills of exchange instruments or any other securities, excluding interbank borrowings, borrowings from the Bank, special deposits or borrowings from the Government for on lending to specified priority sectors, and other modes of borrowings as the bank may deem fit;

   "chronic deficiency in liquid assets" means deficiency or shortfall in the minimum required amount of liquid assets occurring in three consecutive weekly reporting periods;

   "demand liabilities" means current accounts, time deposits, savings deposits, deposits of banks, interbank borrowings payable at call or within seven days, banker's cheques and drafts issued, payment orders and transfers payable, foreign currency deposits and borrowings, other deposits, off balance sheet commitments maturing within one year and such other liability payable on demand as the Bank may deem fit;

   "liquid assets" include cash on hand, current account balances and currency deposits with the Bank of Tanzania as shown in the books of the Bank, balances with other banks with maturities of seven days or less or withdrawable on demand, cheques and items for clearing, foreign currency notes and coins including gold, treasury bills and other government securities maturing within one year and as long as they are unencumbered, commercial bills and promissory notes discounted at the Bank and such other assets as the Bank may include from time to time;

   "loan portfolio" means outstanding loans, advances, overdrafts, notes or bills discounted, export bills purchased, import bills, customer's liability on acceptances, or any other credit extended by a bank or financial institution excluding the undrawn or unveiled line of credit or contingent commitments;

   "other deposits" means funds received from customers by way of deposits which are not in the books of the depository bank or financial institution as either current, time or savings deposits.

PART II
LIQUIDITY MANAGEMENT (regs 4-7)

 

4.   Liquidity and funding policies

   The Board of every bank and financial institution shall be required to–

 

   (a)   establish and implement sound and prudent liquidity and funding policies which at minimum should meet benchmarks as prescribed in these Regulations;

 

   (b)   develop and implement effective techniques and procedures to monitor, measure and control the institution's liquidity requirements and position;

 

   (c)   determine the adequacy of policies, practices, procedures and internal controls especially those related to liquidity, earnings, foreign exchange and lending;

 

   (d)   determine the adequacy of liquid assets maintained in conformity with these regulations and other guidelines issued by the Bank; and

 

   (e)   initiate corrective measures when policies, procedures or internal controls are deficient or when violations of the banking laws and regulations have been noted.

 

5.   Cash flows measurement

   Every bank and financial institution shall accurately measure:

 

   (a)   The term profile of current and approaching cash flows generated by assets and liabilities, both on and off balance sheet;

 

   (b)   the extent to which potential cash outflows are supported by cash inflows over a specified period of time, maturing or near liquid assets and cash on hand;

 

   (c)   the extent to which potential cash outflows may be supported by the institution's ability to borrow or access discretionary funding sources; and

 

   (d)   the amount of statutory liquidity required.

 

6.   Internal inspection and audit

   Every bank and financial institution shall intensify its internal inspection and audit for testing all aspects of liquidity management in order to–

 

   (a)   ensure that liquidity and funding policies and procedures are being adhered to;

 

   (b)   ensure effective controls apply to managing liquidity;

 

   (c)   verify the adequacy and accuracy of management information reports; and

 

   (d)   ensure that personnel involved in the liquidity management fully understand the institution's liquidity and funding policies and have the expertise required to make effective decisions consistent with the liquidity and funding policies.

 

7.   Submission to board of directors

   Every bank and financial institution is required to submit to the board of directors assessment of liquidity position on a timely and regular basis.

PART III
REQUIRED MINIMUM LIQUID ASSETS AND MAXIMUM LOANS
TO DEPOSITS RATIO (regs 8-11)

 

8.   Liquid asset ratio

   Every bank and financial institution shall maintain minimum liquid assets equivalent to not less than twenty percent of its demand liabilities as set out in the First Schedule hereto.

 

9.   Qualifying balances with banks abroad

   In determining total liquid assets as set out in the Second Schedule, balances with banks abroad will only qualify if they are withdrawable on demand and those that mature within 7 days, provided that they are in currencies which are freely convertible in international and exchange markets.

 

10.   Computation and submission

   (1) Every bank and financial institution shall compute the required minimum liquid assets as at close of business each Friday.

   (2) The computation of the required and available liquid assets shall be–

 

   (a)   in the form prescribed in the Second Schedule;

 

   (b)   submitted to the Bank not later than the second Monday after the reference week.

 

11.   Maximum Loans to Deposits Ratio

   Every bank and financial institution shall maintain at all times its gross loan portfolio at levels not exceeding eighty percent of its total depository liabilities, inclusive of deposits of banks and foreign currency deposits.

PART IV
ADMINISTRATIVE SANCTIONS AND PENALTIES (regs 12-14)

 

12.   Penalties

   Any bank or financial institution which–

 

   (a)   fails to maintain the minimum liquid assets required under these Regulations shall be levied a penalty of not less than two percent at the annual rate above the interest rate prevailing on the most recent ninety-one days treasury bills auction on the amount of deficiency of the reported week;

 

   (b)   fails to maintain the level of loan portfolio within the maximum loans to deposits ratio shall incur any of the sanctions or penalties provided under regulation 14 of these Regulations;

 

   (c)   fails to submit on time the report on computation of the required minimum and available liquid assets or does not submit such report shall incur any of the sanctions or penalties provided under regulation 14 or pay a default fine of one million shillings for every day in which the default continues.

 

13.   Recovery of penalty

   The penalty levied under regulation 12 shall be recovered as a civil debt or by deducting from any balance of moneys owing to that bank or financial institution.

 

14.   Additional sanctions

   The penalty levied on any bank or financial institution under regulation 12 shall be without prejudice to other sanctions which the Bank may impose on account of chronic liquidity deficiency or any persistent violation of these regulations such as, but not limited to, the following sanctions, namely–

 

   (a)   suspension from lending and investing activities;

 

   (b)   suspension from participating in the interbank clearing;

 

   (c)   prohibition from issuing letters of credit or guarantees;

 

   (d)   suspension of capital expenditure;

 

   (e)   prohibition from establishing or opening new branches;

 

   (f)   suspension from access to the credit facilities of the Bank;

 

   (g)   suspension of the declaration and or payment of dividends;

 

   (h)   prohibition from accepting deposits;

 

   (i)   suspension or removal from office of the erring director, or employee;

 

   (j)   perpetual disqualification from holding any position or office in any bank or financial institution under supervision of the Bank;

 

   (k)   revocation of banking licence; and

 

   (l)   such other sanctions or penalties as the Bank may deem appropriate.

PART V
CANCELLATION (reg 15)

 

15.   Cancellation

   [Cancels Circular No. 4 on Required Minimum Liquid Assets and Maximum Ration of Loans to Deposits.]

FIRST SCHEDULE
LIQUID ASSET RATIO

 

(Regulation 8)

 

Liabilities

Required Minimum Liquid Assets (as % age of Liability)

   Customers' deposit liabilities

20%

   Current Account

20%

   Time Deposits

20%

   Savings Deposits

20%

   Other Deposits

20%

   Deposits of Banks

25%

   Borrowings from the Public

20%

   Interbank Loans (Payable on call demand, net of interbank loans receivable with maturity of 7 days or less)

20%

   Banker's Cheques and Drafts Issued

20%

   Payment Orders/Transfers Payable

20%

   Foreign Currency Deposits and Borrowings

20%

   Off balance sheet commitments (maturing within one year)

20%

   Other liabilities (specify) (Maturing within one year)

20%

SECOND SCHEDULE
WEEKLY REPORT ON REQUIRED AND AVAILABLE LIQUID ASSETS

 

(Regulation 10)

 

BOT FORM 16-6
Weekly report 

Deadline: Second Monday after the reference week Submission: In triplicate to Banking Supervision Directorate

NAME OF BANK/FINANCIAL INSTITUTION......................................
                        Code................................................

COMPUTATION OF THE REQUIRED MINIMUM AND AVAILABLE LIQUID ASSETS FOR FRIDAY

(SHS. MILLIONS)

 

A: REQUIRED MINIMUM AMOUNT OF LIQUID ASSETSOUTSTANDING BALANCERATIOREQUIRED LIQUID ASSETS

1.   Customers' deposit liabilities

20%

   (a)   Current account

20%

   (b)   Time Deposits

20%

   (c)   Saving Deposits

20%

   (d)   Other Deposits

20%

2.   Deposits of banks

25%

3.   Borrowing from the Public

20%

4.   Interbank Loans (payable on call or demand, net of inter- bank loans receivable with maturity of 7 days or less)

20%

5.   Bankers' cheques and Draft Issued

20%

6.   Payment Orders/Transfers Payable

20%

7.   Foreign Currency Deposits and Borrowings

20%

8.   Off balance sheet commitments (maturing within one year)

20%

9.   Other liabilities (specify) (maturing within one year)

20%

10.    Total Required Minimum amount of Liquid Assets

 

B: AVAILABLE LIQUID ASSETSOUTSTANDING BALANCE

1.   Cash

2.   Balances with BOT (as per BOT books);

   (a)   Current Account

   (b)   SMR Account

   (c)   Foreign Currency Deposits

   (d)   Other Deposits (specify)

3.   Balance with other banks (withdrawable on demand or payable on call

   (a)   Banks in Tanzania

   (b)   Banks abroad

4.   Cheques and Items for Clearing

5.   Interbank Loan receivable with residual maturity of 7 days or less (net of interbank loans payable on call or demand)

6.   Treasury Bills

7.   Other Government Securities with residual maturity of one year or less

8.   Foreign currency notes, coins and gold

9.   Commercial Bills

10. Promissory Notes

11. Total Liquid AssetsC: EXCESS/(DEFICIENCY) OF LIQUID ASSETS

1.   Total Available Liquid Assets (Item B, II)

2.   Less: Required Minimum Liquid Assets (Item A.10)

3.   Excess/(Deficiency) Liquid Assets {/mprestriction}