Corporate Governance Structure

The supreme management body is the General Meeting of Shareholders which approves the internal documents regulating the bank’s bodies’ activities, approves the transactions provided by the current legislation, elects the bank’s Board of Directors as well as performs other duties assigned to the General Meeting by the current legislation and the Articles of Association.

Between the meetings of shareholders, the bank’s general management is carried out by the Board of Directors, which is responsible for strategic management, forming the basic principles and approaches to risk management and internal control systems as well as control over the executive bodies’ activities.

In order to maintain the bank’s operational management, the Board of Directors establishes a permanent collegial executive body – the Management Board headed by a Chairman. The Chairman of the Board manages the bank’s current activities as the sole executive body.

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