CrediaBank, with a view to the continuous strengthening of internal procedures, the prevention and effective management of risks and the adoption of best corporate governance practices, implements management systems and best practices that comply with international ISO standards.
Specifically, the Bank implements:
• ISO 37301 – Compliance Management System This is an international standard for regulatory compliance management. It provides guidance for developing, implementing and improving compliance management and corporate governance processes in a structured, effective and flexible manner. It is based on the principles of good governance, transparency and sustainability. The standard defines a clear framework of Compliance Guidelines, the adoption of which, through the development of an integrated system, sets the conditions for effective and efficient compliance management.
• ISO 37001 – Anti- Bribery Management System International Standard for Anti-Bribery Management Systems. It reflects international good practices in all jurisdictions and addresses both the demand and supply sides of bribery. It sets out the measures to be implemented in a proportionate and reasonable manner, with a view to preventing, detecting and addressing bribery by creating a robust anti-bribery framework. The standard sets out how an effective anti-bribery management system works, including but not limited to, bribery risk assessment, the implementation of financial and non-financial controls, and awareness training.
• ISO 37002 – Whistleblowing Management System. It is a recognized standard for the infringement reporting system. It provides guidelines for the establishment, implementation and maintenance of an effective infringement reporting management system, based on the principles of confidentiality, impartiality and protection of employees from retaliation. Its implementation promotes transparency, corporate governance and social responsibility. The acquisition of the above ISO quality management certifications, in application of the requirements of Internal Governance, anti-corruption measures and the principles of Corporate Social Responsibility, ensures the high level of Corporate Governance of the Bank and further enhances its transparency and credibility towards shareholders, employees, customers, investors and Supervisory Authorities.