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The functions of the Audit Committee include reviewing reports of the Internal Audit Department submitted based on inspections of the bank’s structural divisions, reviewing quarterly internal audit reports and submitting them to the Bank’s Council. The Committee also assists the Bank’s Council in preparing recommendations on the selection of external auditors, developing technical assignments for external auditors, reviewing external auditors’ reports including management letters and submitting them to the Council, monitoring the elimination of issues and deficiencies identified during external and internal audits, as well as implementation of auditors’ recommendations by the Management Board, ensuring the independence of the Audit Service and determining the content and scope of audits.

The functions of the Risk Committee include reviewing and approving the Bank’s risk management policy. When approving risk management procedures, the Committee should aim to achieve an optimal balance between risk and profitability for the bank as a whole while complying with legislation, Central Bank requirements and the Bank’s Charter.

The Tender Committee is established to ensure efficient use of the bank’s funds allocated for procurement of goods, services, materials and components through tender procedures. The purpose of the tender is to ensure the most favorable conditions for purchasing goods (works, services) for the bank’s operations.

The main tasks of the Committee include implementation of key provisions in the field of personnel management and development, recruitment and professional training; monitoring and optimization of the number of employees of the bank and its structural divisions to ensure effective performance; making decisions, if necessary, regarding staff reduction.

The function of the Financial Committee is continuous monitoring of the bank’s balance sheet and profit and loss statement to ensure sufficient liquidity. In addition, the Committee regularly monitors the balance between interest-earning assets and the cost of liabilities, reviews and approves the bank’s tariffs.

The functions of the Credit Committee include reviewing applications and approving procedures for granting new loans or changing the terms of existing loans; forming the bank’s credit strategy and policy; approving lending procedures; analyzing the loan portfolio and other significant risks related to lending, monitoring the fulfillment of forecast indicators and parameters of the bank’s business plan for lending; monitoring overdue loans and work with problem assets