2015 BANKING AMENDM&'\1' (a) (b) (c) (d) No.12 a copy, in a form approved by the Registrar, of the latest statement it submitted to the Registrar in terms of section 38(1 ); and a copy, in a form approved by the Registrar, of the latest statement or balance sheet and profit and loss account it submitted to the Registrar in terms of subsection (2) or (3), as the case may be, of section 38; and a notice in a form approved by the Reserve Bank that is clearly visible to the public setting out its interest rates on deJXlsits and loans, and indicating the terms and conditions under which it accepts deposits and makes loans; and such other infonnation as may be prescribed. (2) At least once every six months, a banking institution shall cause to be published in a newspaper circulating in each area in which the institution carries on banking business, a notice setting out the interest rates offered by the institution on deposits and loans, and the tenns and conditions under which it accepts deposits and makes loans. (3) The Minister may at any time, if he or she is satisfied that it is in the public interest to do so, direct that subsection (2) shall he suspended until such time as, in the Minister's opinion, the public interest pennits the lifting of the suspension. 28E Disclosure of certain information to customers of banking institutions (1) UJXln opening a new account for a person, a banking institution shall provide the person in writing with a written statement of(a) all its charges for maintaining the account and allowing the person access to the funds in the account; and (b) the interest it will pay on the funds in the account, and the interest the person will have to pay on any overdraft; and (c) such other particulars as may be prescribed or as the Registrar may specify in a direction referred to in section 81(2)(d). (2) Where a banking institution extends credit to a borrower, it shall(a) disclose to the borrower, in writing- (i) the interest charged and the manner in which it is to be calculated; and (ii) any applicable fee or other charge and the manner in which it is to be calculated; and (iii) every term or condition applicable to the credit, clearly identifying the obligations of the borrower; and (iv) such other pmticulars as may be prescribed or as the Registrar may specify in a direction referred to in section 81(2)(d); and (b) during the period of the credit agreement, send or make available to the borrower and the guarantor, if any, a statement of account in written or electronic form, not later than the end of the month following each six-month period, showing233