The Strategy and Budget Committee has been set up for the purpose of ensuring assurance on the preparation of the Bank's business and strategy plans, annual budget in accordance with the framework for the strategy, operation, and budget management process that was approved by the controlling shareholder, to advise and assist the Board of Directors in fulfilling its duties and responsibilities.

The Committee continues its activities within the framework of the Strategy and Budget Committee Regulation.

Committee Members    
Jalal Gasimov - Chairman of the Board
Farid Mammadov - Vice Chairman of the Board
Meric Ulusahin - Independent Member of the Board
H. Cenk Eynehan - General Manager and Member of the Board

 

 

It has been set up in order to provide an independent and effective remuneration system to carry out the supervision of the remuneration policy, processes, and practices on behalf of the Board of Directors in line with the provisions of the Banking Law and the Regulation on the Corporate Governance Principles of Banks.

The Committee continues its activities within the framework of the Human Resources and Remuneration Committee Regulation.

Committee Members    
Jalal Gasimov - Chairman of the Board
Farid Mammadov - Vice Chairman of the Board

Click to open The Working Principles of the Remuneration Committee

 

 

The Credit Committee has been set up to make credit allocation decisions related to the credits within its own authority under the limits specified by the Board of Directors within the framework of the legal and banking legislation regulations and to carry out related tasks.

Committee Members    
H. Cenk Eynehan - General Manager and Member of the Board
Adnan Aykol    Independent Member of the Board
Taleh Kazimov - Member of the Board
Farid Mammadov - Member of the Board
Shahin Mammadov - Member of the Board

Corporate Governance Committee has been set up to ensure that the Bank is managed in a responsible, fair, transparent and accountable manner and in a way that protects the rights and interests of all stakeholders and shareholders as well as to monitor the compliance with the Bank's corporate governance principles and to submit the necessary recommendations to the Board of Directors in line with the determined targets, the Banking Law, the Capital Markets Law and the regulations issued based on such laws as well as other legislation, articles of association, internal regulations of the Bank, and the banking code of ethics.

The Committee continues its activities within the framework of the Corporate Governance Committee Policy.

Committee Members    
Meric Ulusahin - Independent Member of the Board
Jalal Gasimov - Chairman of the Board

Click to open The Working Principles of the Corporate Governance Committee

It has been set up to ensure that the Bank's risk identification, assessment, measurement, control, reporting and monitoring processes and capabilities are effective, adequate, and reliable and to advise and assist the Board of Directors in fulfilling its duties and responsibilities on this matter.

The Committee continues its activities within the framework of the Risk Management Committee Regulation.

Committee Members    
Kamala Nuriyeva - Member of the Board
Farid Mammadov - Vice Chairman of the Board
Mesut Ozdinc - Independent Member of the Board

The Audit Committee has been set up to oversee on behalf of the Board of Directors the effectiveness and adequacy of the Bank's internal systems, the operation of these systems and accounting and reporting systems within the framework of the Law and related regulations, and the reliability and integrity of the information produced; to make the necessary preliminary assessments in the selection by the Board of Directors of independent audit firms and rating, valuation, and support service firms; to monitor on a regular basis the activities of the firms selected and contracted with by the Board of Directors; In accordance with the regulations that are enforced in anticipation of the Banking Law, to ensure that the internal audit activities of the subsidiaries subject to consolidation are maintained and coordinated in a consolidated manner pursuant to the regulations coming into force based on the Banking Law; and to fulfill the duties defined under the Banking and Capital Markets legislation.

The Members of the Audit Committee have been elected among non-executive members of the Board of Directors and the Committee continues its activities within the framework of the Audit Committee Regulation.

Committee Members            
Mesut Ozdinc - Independent Member of the Board
Kamala Nuriyeva - Member of the Board

Click to open The Working Principles of the Audit Committee