Terms and Tariffs Committee

The purpose of the Committee is to ensure implementation of strategic activities and achieve sustainable position in the key segments of the banking market by developing, implementing and maintaining the balanced system of tariffs combined with the mandatory increase in profitability of the Bank.

The Committee performs the following tasks:

• developing the pricing strategy for banking services and products;
• procuring the competitiveness of the Bank's services in the banking market;
• contribution to an increase of profitability of the Bank;
• contribution to an increase of the Bank’s customer satisfaction.

The Terms and Tariffs Committee is accountable to the Bank Management Board and was established to perform the following functions:

• analyzing the ratio of cost of products and services to the market competitive position of the current Bank tariffs;
• considering and approving all amendments and supplements to the current and prospective systems of tariffs and services offered by branches and structural units of the Head Office;
• selecting an optimal tariff and service system;
• analyzing actual achievement of targets set by the Bank tariff policy;
• promptly responding to changes in demand and competitive environment in the regions, development of proposals on changing the tariffs for the particular types of services and submitting them for approval to the Chairman of the Management Board;
• controlling compliance with the tariff policy by the structural units of the Bank.