Credit Committee

The Credit Committee is a collegiate credit body formed by the Credit Council to which certain powers were delegated by the Credit Council or the Supervisory Board to adopt credit risk by the Bank.

The Credit Committee is accountable to the Credit Council and the Management Board and was established to perform the following functions:

considering proposals for accepting credit risks by the Bank;
delegating authorities;
analyzing the loan portfolio quality and making provisions for credit risks;
analyzing the progress of work with distressed assets and their quality;
preliminary consideration and approval of the methodological documents and regulations before they are submitted for approval to the Credit Council;
reporting to the Management Board and the Credit Council on Bank credit transactions.