The strategic objective of risk management is defined as ensuring a given level of financial stability of the Bank.
As indicators of the Bank financial stability, the indicators of Bank risk and/or individual portfolios as well as business lines are used in the Policy,
The formation of an effective risk management system assumes the existence of a centralized management service, which tasks include the formation of a single methodological space, providing of execution.
The risk management of the Bank is based on an integrated approach, uniform throughout the Bank, to the organization of the risk management process, primarily in identifying all significant risks, developing methods for their evaluation and monitoring.
The Risk Management Strategy is defined by the Supervisory Board and the Board of the Bank through the identification of priority risk management tasks and the adoption of the Risk Management Policy as well as other internal regulatory documents of the Bank.
Control over the effectiveness of bank risk management is carried out by the Internal Audit Service in the form of independent supervision of the quality of risk management.
The main objective of the risk management system functioning is to protect the interests of shareholders, creditors and depositors of the Bank by ensuring an appropriate level of financial stability of the Bank.
From 26 December 2018 to 2 February 2019,...