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: |
|
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.