1 The Risk Management Committee. Implements identification and assessment of all types of policies, rules, limits related to management of the risks arising from the Bank's activities, coordination of the activities of other committees, and development of relevant methodological explanations and recommendations related to the existing internal bank rules in relevant area in order to identify risks and risk control methods.
2 Asset and Liability Management Committee. Has been acting as a body responsible for efficient management of the assets and liabilities of the Bank, identifies liquidity and market risks as well as the direction and objectives of management of financial assets, in accordance with the market conjuncture presents proposals to the Supervisory Board on the change in interest rates and ensures a constant improvement of those rates.
Membership:
• Chairman of the Board
• Deputy Chairman of the Board
• Member of the Board
• Member of the Board
3 Credit Committee. Has been acting as a body established in order to effectively manage credit risk in the banking activities, to identify credit policy, to confirm loan products, and to make changes in the existing loan products, to confirm acts of taking loans and loan commitments, as well as making changes in loan conditions and restructuring loans, to determine interest rates for the loans and loan commitments, to check and analyze sufficiency (adequacy) of reserves created for compensation of possible losses on loans, to analyze the risks related to the loan portfolio and to implement other duties.
Membership:
• Chairman of the Board
• Deputy Chairman of the Board
• Deputy Chairman of the Board
• Member of the Board
• Member of the Board
• Bank Security Department Director
• Director of Credit Department
4 Information Technologies Committee. Has been acting as the body responsible for the Bank's policy formulation and implementation in the field of IT and ensures and monitors a perfect and continuous work of the Bank’s management, information and other automated systems, determines the main directions of activities and development of the IT Department on the basis of the Bank's strategic plan, justifies acquisition of software and hardware, oversees the bidding process for the purchase of software and hardware, draws up IT plans for use and implementation of Information Technologies and implements other tasks.
Membership:
• The Chairman of the Committee: Member of the Board
• Members of the Committee:
• Deputy Chairman of the Board
• Member of the Board
• Director of IT Department
• Director of Risk Management Department
• Director of Settlements Department
• Deputy Director of IT Department
5 Remuneration Committee. Is the body established in order to identify and submit for approval to the Supervisory Board the Bank's long-term performance-based remuneration policies aimed at achieving strategic objectives, to exercise control over the remuneration process, to ensure that the remuneration policy wouldn’t be contrary to the interests of the bank and to prevent acquisition of short-term income at the expense of taking long-term risks on behalf of the bank, as well as to ensure drawing up internal procedures related to implementation of the remuneration policy.
Membership:
Chairman: The Chairman of the Supervisory Board
Members:
• Chairman of the Board
• Member of the Board
6 The Audit Committee
Elmar Abasov - Chairman of the Audit Committee
Altay Mustafayev - a member of the Audit Committee
Rauf Atakishiyev - member of the Audit Committee
7. Committee for Project and Investment Management.
Chairman of the Committee:
Chairman of the Supervisory Board
Committee members:
- Chairman of the board;
- Board member;
- Board member;
- Director of the Project Management Department.
Updated: 24.05.2019
