Management
The Bank’s Management is responsible for compliance with the Bank’s Code of Corporate Governance. The Bank’s Management is responsible for the daily operations of the Bank guided by internal policies and the interest of the Bank and its stakeholders.

Management Committees
Each of the below mentioned committees shall have a documented charter covering each committee’s purpose, members and structure, competencies, meeting frequency, and authorities.

• Executive Committee
• Credit Committees
  • Credit Committee n°1
  • Credit Committee n°2
  • Exceptional Credit Committee
  • Follow-Up Credit Risk Committee
  • Provisions Committee
  • Retail Credit Committee
  • Credit Files Rating Committee
• Assets and Liabilities Committee
• Investment and Treasury Committee
• Marketing Committee
• Information Technology Committee
• Human Resources Committee
• Legal Committee
• Internal Audit and Inspection Committee
• Compliance and Anti-Money Laundering Committee
• Operations and Internal Procedures Committee
• Islamic Bank Committee
• Foreign Subsidiaries Committee
• Purchasing and Maintenance Committee
• IT Security Committee

Internal Control System

Organization and Procedures
Sound internal control shall be reflected in the organization and procedures of the Bank’s operations and is ensured through sound management of its systems of controls, duties, authorities, limits, and reporting lines. The Bank establishes control processes that foster adequate separation of duties to ensure the management of conflicts of interest and prevent insider transactions.

Risk Management Department
A system for risk management shall be maintained with the Risk Management Department managed by a full time senior level manager reporting directly to the Board. The mission of the Risk Management Department includes the establishment and monitoring of systems for identifying, evaluating, and controlling risk.

The Risk Manager is appointed pursuant to a Board resolution. The Risk Manager reports to the Board directly or through the Risk Management Committee and to General Management of the Bank.

Group Inspection Unit
An Inspection Unit shall be responsible for providing inspection, oversight, and audit on the Bank’s subsidiaries and foreign branches. The Group Inspector is appointed pursuant to a Board resolution and reports to the Board Audit Committee and to General Management of the Bank.

Internal Audit Department
A system for internal audit shall be maintained with the internal audit function managed by a full time senior level manager reporting directly to the Board. The mission of the internal audit function includes but is not limited to:

• Auditing operations and financial statements;
• Assessing the efficiency of internal control processes;
• Ensuring compliance with laws and regulations; and
• Preparing periodic reports to the Board.

The internal audit manager is appointed and remunerated pursuant to Board resolutions. The internal audit manager reports directly to the Internal Audit Committee and is responsible to submit quarterly reports to the Board.

External Auditors
Independent, competent, and qualified external auditors are appointed on a rotational basis. External auditors shall conduct an annual audit. They are accountable to the shareholders and must attend the annual Ordinary General Assembly. They deliver the Annual Report and submit a separate detailed report of related-party transactions. The external auditors must be fully independent from the Bank and its Board members and shall not have any conflict of interest in relation to the Bank.

Continuity Planning and Disaster Recovery
The Risk Management Department shall plan for the Bank’s continuity and disaster recovery mechanisms. The Risk Management and IT Security committees shall oversee the planning and implementation of these mechanisms.