Supervisory Council Committees

Audit Committee analyzes and develops recommendations to the Supervisory Council in respect of important financial and business issues, as well as monitors the accuracy and completeness of the Bank's financial reports.

Nominations and Remuneration Committee ensures personal awareness of the Supervisory Council members of the Bank's HR policy and supports their involvement in the monitoring of the HR policy implementation.

Risk Committee assesses Pivdennyi Bank's risk management procedures as well as approves the Bank's credit exposures in total exceeding USD 12 million.



Bank Committees

Credit Committees establish the types of standard lending products the Bank can offer and the terms of their provision, determine credit risk limits by the borrower (according to a borrower classification) and by Pivdennyi Bank's branches, approve loans, allocate the Bank's credit facilities and vote on restructuring schemes for problem loans.

Asset and Liability Committee (ALCO) monitors liquidity management and Pivdennyi Bank's compliance with the prescribed liquidity ratios, approves policies and practices relating to risk, which ensure an adequate and a controllable (on a weekly basis) level of market risk, liquidity and capital adequacy.

Tariff Committee supports the implementation of a unified tariff policy in the Bank.