Assets and Liabilities Committee

Assets and Liabilities Committee (the “ALCO”) is a collegiate body of the Bank which was established to optimise the assets and liabilities management.

The main functions of the ALCO are the following:

• maintaining and improving quality of the Bank’s strategy-making and business planning, ensuring compliance with the Bank’s targets by means of developing respective policies, generating management solution projects and approving them within its competence;
• maximizing the Bank’s profit and equity value, ensuring effective long-term operation of the Bank;
• minimizing risks by means of direct decision-making on management of liquidity, interest, currency and market risks;
• ensuring optimisation of the ratio of bank transaction profitability to bank transaction risk.

For proper performance of its functions and attaining objectives, the ALCO has the following powers:

• determining the policy of the Bank Asset and Liability Management to ensure a balance between income and risk operations of the Bank;
• establishing quantitative and qualitative criteria for assessing risks and returns on operations;
• making regarding the structure and amount of assets and liabilities and an acceptable level of risk;
• defining interest rates for active and passive operations of the Bank;
• requiring bank units to provide the Committee with regular reports and statements; 
• assessing the Bank's units on their compliance with the policy of the ALCO's decisions.