Overview
Bank Reporting Requirements
The Bank of South Sudan (BoSS) plays a crucial role in monitoring the health of the financial system. To achieve this, the BoSS requires all banks and other regulated entities operating in South Sudan to submit regular reports covering various financial data. These reports can be submitted annually, quarterly, or even more frequently depending on the specific information needed.
Types of Reports Required
- Monetary Statistics: These reports provide insights into the overall money supply and liquidity within the banking system.
- Income and Expense Reports: These reports detail the financial performance of banks, including income earned and expenses incurred.
- Non-Performing Loans and Loan Loss Provisioning: These reports help assess the credit quality of banks’ loan portfolios and their preparedness for potential losses.
- Foreign Currency Positions: These reports track the holdings of foreign currencies by banks, providing valuable information for foreign exchange management.
- Interest Rates: These reports capture the different interest rates offered by banks on loans and deposits, reflecting overall market trends.
- Other Reports of Activities: The BoSS may also request additional reports depending on specific needs.
Compiling Standardized Data
The BoSS is committed to adhering to international standards and practices when compiling these financial statistics. This ensures data consistency and allows for effective comparisons with other countries.
Monetary Statistics:
- This section provides a summarized overview of the banking system’s financial position.
- It’s essentially a consolidated balance sheet derived by combining the BoSS’s balance sheet with the aggregated balance sheets of all other depository corporations (ODCs).
- The process eliminates any internal transactions within the system to present a clearer picture of the overall financial landscape.
Standardized Reports:
- These reports offer a more detailed breakdown of the data submitted by individual entities.
- There are different report formats for the central bank (1SR), ODCs (2SR), monetary aggregates (5SR), and interest rates (6SR).