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The bank / Governance

The Board of Directors is the corporate body with the widest powers for managing the bank, producing its financial, organisational and commercial strategy to achieve its corporate purpose. Without prejudice to its legal remit, its role is to keep an eye on the long-term future of the organisation by promoting the rapid development of an entrepreneurial leadership while at the same time ensuring the quality of its day-to-day management, the measurement and monitoring of the risks associated with the bank's activities and regard for the principles of good operational governance as communicated to members of staff and management since 2003. The Board of Directors appoints the Chairman and the members of the Executive Committee.

The Executive Committee is the operational body responsible to the Managing Director and five Directors. Its role is to recommend the bank's major strategic lines of development to the Board of Directors, to implement this strategy in accordance with the options taken by the Board of Directors, to be responsible for the organisation of all day-to-day management activities and to report on them to the Board of Directors on a regular basis.

Specific committees are associated with the Executive Committee which, by agreement with the Board of Directors, defines their organisation and objectives and how they function. There are 13 of these committees.

  • The commercial committee and the treasury committee meet every morning.
  • The credit committee sits every Wednesday under the chairmanship of the Chairman of the Board of Directors.
  • The compliance committee makes decisions every Tuesday and Thursday on requests to open accounts, amongst other things.
  • The audit committee, under the chairmanship of the Managing Director, provides an assessment of the quality of the internal audit and the relevance of its accounting methods and reports on them to the Board of Directors every two months.
  • The following committees also meet on a regular basis: "budgeting", "accounting", "IT" and "IT security", "operations", "human resources", "strategies and developments", and "quality".