Management Committees

The Group 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 Group 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 Group Asset-Liability Management Committee (Group 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 Group Asset and Liability Management Committee (Group ALCo), click here.

The Group Asset–Liability Management Committee (Group ALCο) is responsible for the active management of the Group’s balance sheet, including the structure, pricing and management of Assets and Liabilities, operating within the risk appetite, frameworks and limits approved by the Board of Directors upon recommendation of the Risk Management Committee. Group ALCο implements the Group’s strategic direction, executes balance-sheet actions in line with regulatory and corporate governance requirements, monitors limit utilization, and proposes corrective measures or escalations where necessary. 

Group ALCο provides strategic direction, oversight, challenge and approval for matters of material significance to the Group, incl. those originating from subsidiaries. It does not replace the decision-making responsibility of subsidiary Boards or management but acts as an escalation and control layer for matters exceeding delegated authority or impacting the Group risk profile.