Below you can find the title, the current composition and general information on the functioning of the Management Committees.
Board Committees
The Executive Committee monitors and ensures the smooth and efficient operation of the Bank for the implementation of the strategy, business plan and budget, as approved by the Board of Directors. It consists of at least 9 (nine) Members, one of which is the CEO, who is appointed as its Chairman.
To view the composition of the Executive Committee, click here.
The Committee monitors the progress of the Bank’s Business Plan and the achievement of the Units’ goals, examines deviations, decides on corrective actions and provides instructions to the relevant organizational structures. In addition, it specifies the implementation of the strategy by coordinating the actions of the Bank’s Units and decides on the development policy of the Network and the Group.
The Asset-Liability Management Committee (ALCo) consists of at least (7) (seven) Members, one of whom is the Bank’s CEO, also appointed as Chair, and of Advisory Members. The principal members may be either Executive Members of the Board of Directors or Executives of the Bank.
To view the composition of the Asset and Liability Management Committee (ALCo), click here.
The Committee formulates the Policy of the Bank and the Group Companies in terms of asset and liability structuring, pricing and management and determining risk limits. In addition, it monitors economic developments and the key business assumptions on the basis of which the Bank and the Group Companies formulates its Policy.
Among other things, the Asset and Liability Management Committee (ALCo) decides the framework for taking and hedging liquidity and interest rate risks using appropriate instruments and formulates the broader interest rate policy of the Bank and the Group Companies.
Defines and supervises the implementation of the Bank’s internal pricing system for cash and establish the internal pricing policy between deposit/lending Units. Furthermore, it approves the Liquidity Contingency Plan and ensure the diversification of the sources of the Bank’s and the Group Companies cash.
Additionally, it approves the stress test program, examines the results of the implementation of scenarios for extreme changes in capital markets, and assesses and approves the launch of new deposit or loan products and the Bank’s expansion into new products or services consistent with its strategic development planning.