The Bank > Corporate Governance > Main Executive and Management Committees

Main Executive and Management Committees

https://www.pancretabank.gr/en/the-bank/corporate-governance/executive-management-committees
  • Executive Committee

    The Executive Committee meets twice a month, at least. It supervises, monitors and ensures the safe, orderly, effective and efficient operation of the Bank for the implementation of the Strategy, the Business Plan and the Annual Budget, as approved by the Board of Directors.

    Composition of the Executive Committee

    Chairperson

    Chief Executive Officer

    Deputy Chairperson

    Deputy Managing Director

    Members

    • Chief Retail & Digital Officer (CR & DO)
    • Chief Strategy & Corporate Development Officer
    • Chief Financial Officer (CFO)
    • Chief Information & Technology Officer (CI & TO)
    • Chief Operating Officer - (COO)
    • Chief Corporate Officer (CCO)
    • Chief Risk Officer (CRO)

    Indicatively and not restrictively, the Executive Committee has, among other things, the following responsibilities:

    • It elaborates on the Bank’s Strategy and formulates the Business Plan proposal to the Board of Directors.
    • It coordinates the activities of the Business Units, in the context of the implementation of the Bank’s Strategy.
    • It monitors the implementation of the Business Plan as approved by the Board of Directors.
    • It proposes the Annual Budget to the Board of Directors, as well as individual actions required for its implementation.
    • It monitors and evaluates the macroenvironment, it identifies opportunities and threats and takes the appropriate action.
    • It supervises the effective management of the balance sheet, on the basis of the business and the risk-taking strategies.
    • It decides on and/or approves the launching of new, or the differentiation of existing products and services, as well as their pricing.
    • It ensures that the risk management guidelines are integrated into the Bank's operations and budget.
    • It approves all types of expenses, regardless of the amount, except for those related to the acquisition of high value assets, such as real estate, which are approved by the Board of Directors.
    • It approves the investment strategy in technological infrastructures.
    • It monitors the operation of the Bank through reports from the competent Units.
    • It has approving powers on credit and write-off issues, regardless of the amount, except those that fall under the exclusive competence of the Board of Directors, or those that are reliant to the legislative of regulatory framework.
  • Special Coordinating Committee οn Information Technology

    Composition of the Committee

    Chairperson

    Deputy Managing Director

    Deputy Chairperson

    Chief Information & Technology Officer (CI & TO)

    Members

    • Chief Retail & Digital Officer (CR & DO)
    • Chief Operating Officer (COO)
    • Chief Financial Officer (CFO)
    • Information Security Officer
    • IT Manager

    The IT Committee is the official body that defines, evaluates and prioritizes the implementation of the IT projects and supervises them to be in line with the Bank’s overall strategy and objectives. It is responsible for coordinating the execution and monitoring of IT projects. In addition, it performs the tasks of the IT Steering Committee as determined by the provisions of the 2577/2006 Governor’s Act.

    Main Responsibilities:

    • It determines the IT strategy according to the business objectives and the existing institutional environment.
    • It evaluates the proposals of technological projects within the context of the Bank’s action plan and submits them for approval to the Executive Committee.
    • It evaluates and determines the development or implementation of major IT projects, prioritizing them accordingly.
    • It is responsible for the quality of the organization and management of the IT projects.
    • It examines the assignment of major IT projects to external providers and proposes accordingly to the Executive Committee.
    • It evaluates the procurement of hardware and software and submits the corresponding proposals for approval to the Executive Committee.
    • It evaluates and analyses the risks related to the IT systems.
  • Asset/Liability Committee (ALCO)

    Composition of the Committee

    Chairperson

    Chief Executive Officer

    Deputy Chairperson

    Deputy Managing Director

    Members

    • Chief Retail & Digital Banking Officer (CR & DO)
    • Chief Strategy & Corporate Development Officer
    • Chief Financial Officer (CFO)
    • Chief Corporate Officer (CCO)
    • Chief Risk Officer (CRO)
    • Treasury Director
    • Senior Advisor

    The Asset-Liability Management Committee (ALCO) formulates, approves, implements and monitors the Bank's policies regarding the pricing, performance, structure and management of the Bank's Assets and Liabilities and determines, within its responsibilities’ framework, the market risk and the liquidity limits, intervening for their review when deemed necessary.

    Main responsibilities:

    • It defines the policy to be followed in relation to the composition, distribution and assurance of the desired liquidity levels of the balance sheet items.
    • It formulates the management framework regarding the composition, the maturity and the liquidity of Assets and Liabilities.
    • It monitors the economic evolution and the main macroeconomic and business assumptions that influence the Bank’s policy.
    • It monitors the changes in the institutional and regulatory framework that may affect the Bank’s management policy.
    • It monitors the progress of the results, the budget, the liquidity financing plan, the capital adequacy and in general the financial figures of the Bank.
    • It examines and determines the pricing policy of existing and new products and services.
    • It evaluates the stress tests program and examines their results.
  • Credit Committee

    Composition of the Committee

    Chairperson

    Chief Executive Officer

    Member
    • Chief Retail & Digital Officer (CR & DO)
    • Chief Corporate Officer (CCO)
    • Chief Credit Officer
    • Chief Risk Officer (CRO)

    Main responsibilities:

    The Credit Committee approves lending (for issues related to risk taking, terms of cooperation, or any other issue related to the Bank's Credit Policy) to all types of legal entities or individuals subject to the responsibility of the Corporate & Commercial or Retail Banking Unit, on an individual or group basis, in line with its credit limits as determined by the Executive Committee.

    The Credit Committee meets at least once a week or whenever its Chairman deems necessary.

  • Asset Restructuring Committee

    Composition of the Committee

    Chairperson

    Deputy Managing Director

    Deputy Chairperson

    Senior Director - Non Performing Loans

    Members
    • Chief Credit Officer
    • Chief Risk Officer (CRO)
    • Director of Restructured Assets

    Main responsibilities

    • Examining and approving requests or issues within the competence of the Recovery and NPLs General Division relating to the restructuring of debts, arrangements, terminations, litigations, auctions.
    • Adopting decisions on the Bank’s participation in auctions.

    The Asset Restructuring Committee meets at least once a week or whenever required.

  • Appeal Committee

    Composition of the Committee

    Chairperson

    Director of Legal Affairs

    Members
    • Director of Restructured Assets or the Manager of Permanent Arrears Department (depending on the appeal under examination)
    • Director of Centralized Operations

    Main responsibilities:

    • Assessing appeals submitted by customers within the context of the Bank of Greece Code of Ethics Law 4224/2013.


    The Appeals Committee meets whenever there are outstanding appeals and, in any case, at time intervals no longer than 3 months from the date of receipt of the appeal.

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