internal committees
discuss internal audit review results, proposals and recommendations with the Supervisory and Management Boards
ensure timely and complement provision of all relevant information on banking activities and documentation to organize collaboration with the external auditor
offer proposals to improve relevant internal control mechanisms in terms of administrative, operational, accounting policies and bank procedures
offer recommendations to the Supervisory Board on the appointment, dismissal, and replacement of the head of the internal audit department
introduce the following data and reports to the general meeting of shareholders within the period determined by the general meeting:
- report on compliance with the law within the bank
- audit report
- report on risk management and control systems in the bank
- report on other matters related to the committee’s responsibilities
risk management committee
develop risk management rules, risk policy of the bank
define suitable methods and tools to identify and assess risks and their frequency
control implementation of bank’s activities within risk limits, approved by the Supervisory Board
review regularly following areas:
- general banking strategy
- risk endurance of the bank and various risk limits
- credit limits
- operational risks
- risk policy
- stress tests
