A-CLUB

Committees

Credit committees

Credit committees include: Main Credit committee, Small Credit committee, Subcommittee for transactions on financial markets, Credit committee on retail business and Sub-committee of Credit committee on retail business.

These committees resolve issues relating to the extension of credit products to clients of corporate business, financial institutions, SME segment clients and private individuals, as well as other transactions that pose credit risk.

Credit committees also conduct the management of credit risks by approving internal documents and analysing the credit as well as stocks and bonds portfolios of the bank.

Budget committee

Budget committee determines and approves key principles and directions of the Bank’s budget policy. It ensures day-to-day management of the Bank’s budget drawing, approves planned cost sheets, and controls compliance with the planned budget and cost sheet.

Tender committee

Tender committee ensures selection of the most cost effective offers for procuring commodities, works and services for the purpose of maintaining Bank’s core business on transparent and collective contribution terms.
Tender committee’s main tasks include:

  • reduction of budget allocations designated for specific purposes;
  • stating the Bank’s image as an institution that is highly integral and open for partnership with the most decent client partners and companies, being able to defend its corporate interests by way of reverting to a collective decision-making framework and selecting the best available terms and conditions of procuring goods, works or services, whichever is applicable.
Tariff committee

Tariff committee includes Retail and Corporate sub-committees.  Within the framework of its tasks, the Tariff committee analyses on a continuing basis the ratio between the prime cost of services and the marketing potential of currently applicable tariffs. In this connection, for the purpose of implementing the Bank’s unified policy, the Tariff committee:

  • reviews the tariff system, initiates changes and recommends them for approval;
  • reviews and envisages tariffs applicable to new products/services;
  • establishes preferential tariffs for clients of various categories;
  • controls compliance by structural entities within the Bank's overall tariff policy.

In their turn, sub-commitees review the issues that are attributable to particular clients within the scope of authority that is delegated to them.

Assets and liabilities management committee

Assets and liabilities management committee effects management of market and treasury risks by way of:

  • shaping the best available balance sheet structure of the Bank for the purpose of yielding maximum achievable profits against limiting the possible risk level;
  • exercising control over capital adequacy and diversification of risks;
  • implementing a unified interest policy;
  • determining the Bank's policy on liquidity management;
  • supporting adequate solvency, control over current liquidity status and resources of the Bank, taking into account market risks, liquidity risks and consistency of tenors of assets and liabilities;
  • shaping the Bank’s policy on the capital markets;
  • analysing the prime cost of liabilities and profitability of assets, taking decisions regarding the interest margin policy within the scope of its authority.
     
Executive committee for information technologies

Activities of the Executive committee for information technologies extend to making decisions on determining high-priority IT tasks or Bank projects within the framework of available IT resources of the Bank and attended with best possible attribution of operating risks within bank technologies and processes, as well as taking other decisions, related to elaboration, maintenance and development of the Bank’s information technologies.

Executive committee for Retail business

Within the framework of its tasks, Executive committee for Retail business addresses the issues that are related to:

  • management and development of retail business and the retail distribution network;
  • monitoring the strategy of the Bank's retail business and retail distribution network development (market analysis, reviewing operating deliverables of various entities and functions of Bank's retail business, analysis of strategic projects for the benefit of retail business, monitoring financial deliverables that retail branches yield, etc.);
  • improvement of approaches and principles for boosting loyalty and satisfaction of the Bank’s Retail business clients;
  • improvement of the organizational structure of Retail business management.
Committee for Operating risks

Committee for Operating risks is in charge of identification, evaluation and monitoring of the Bank’s operating risks, as well as exercising control over performance of tasks related to mitigation of operating risks’ impact by responsible individuals.
The Committee’s authority extends to management of the ВСР project, including the following:
•    strategic governance of ВСР initiatives (formulation and implementation of the Bank’s continuous business assurance strategy);
•    taking decisions regarding control and management of critical risks that affect business continuity.
Also, the Committee performs the function of Executive committee for information security.

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