Monthly and Quarterly Statutory Returns

All banks regulated by the Bank of Botswana or falling under its supervisory purview are required to submit statutory returns as prescribed in Section 20 of the Banking Act (Cap. 46:04). Statutory returns provide a detailed breakdown of the banks’ assets and liabilities. This is both to help ensure that their operations are conducted within the appropriate parameters to ensure continued financial soundness and to collect information that is required for statistical compilation and dissemination.  The statutory returns are completed by banks on monthly and quarterly basis and must be submitted by the 10th day of the month following the reporting month. Furthermore, banks are required to complete the foreign exchange statutory return, which shows the bank’s net foreign exchange position that is submitted to the Bank of Botswana weekly.  

Banks are required to report under the Revised International Convergence of Capital Measurement and Capital Standards for Botswana (Basel II) Framework since January 1, 2016. This new framework augments the risk sensitivity of the Basel Committee Capital Accord (Basel I). The Basel II framework is consistent with requirements of both the Bank for International Settlements’ Basel II framework and the International Monetary Fund.  

Find the link to the statutory returns and completion instructions below: