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Committees

Supervisory Board Committees

Audit Committee – the main purpose of the activity is to provide assistance to the Supervisory Board in the implementation of its powers to ensure effective consideration and decision-making related to finances (financial reporting), external and internal audit and the internal control system.

Committee on Corporate Governance and Transformation – the main purpose of the activity is to provide assistance to the Supervisory Board in the implementation of its powers to ensure the effective organization of corporate governance in the Bank and the organization of measures taken in connection with the transformation and preparation of the Bank for privatization.

Nomination and Remuneration Committee – the main purpose of the activity is to provide assistance to the Supervisory Board in the implementation of its powers to ensure effective review and decision-making related to the issues of appointments and rewards that are within the competence of the Supervisory Board.

Business Development and Strategy Committee – the main purpose of the activity is to provide assistance to the Supervisory Board in the implementation of its powers regarding the search, analysis and consideration of business opportunities and business initiatives, implementation of strategic management in the field of corporate and retail business, development, approval, revision and provision of proper supervision and control over the implementation of the strategy and the Bank's business plan.

Risk Management Committee – the main purpose of the activity is to provide assistance to the Supervisory Board in the implementation of its powers to ensure effective review and decision-making related to the issues of appointments and rewards that are within the competence of the Supervisory Board.

Committee on work with non-performing assets – the main purpose of the activity is to provide assistance to the Supervisory Board in the implementation of its powers to ensure effective consideration and decision-making regarding the Bank's work with non-performing assets, including court cases.

Committees of the Management Board

The main purpose of the Credit Committee is to make decisions on granting credit products by the Bank and changing the parameters of previously granted credit products, to make decisions on managing corporate clients' debts classified as potentially problematic assets and preventing their transformation into non-performing assets, to perform functions stipulated by the current legislation of Ukraine, regulations of the National Bank of Ukraine, the Bank's Charter, by resolutions of the General Meeting of Shareholders (by resolution of the sole shareholder), the Supervisory Board, and the Management Board of the Bank.

Small Credit Committee - the purpose of the Committee is to make decisions on granting credit products by the Bank and changing the parameters of previously granted credit products:

- The First level committee - for small and medium business and corporate clients within the scope of its authority, decision-making on debt management of small and medium business clients with signs of potential problematic debt and prevention of their transformation into non-performing assets;

- The Second Level Committee - for small and medium-sized business customers within the powers granted by the Management Board.

Retail Credit Committee - the main purpose of the Committee is to make decisions on granting credit products by the Bank in the retail business segment within the established powers and perform functions provided for by the current legislation of Ukraine, regulations of the National Bank of Ukraine, the Bank's Charter, decisions of the General Meeting of Shareholders (decision of the sole shareholder), the Supervisory Board, and the Management Board of the Bank.

Corporate and SME Non-performing Assets Management Committee - the main purpose of the Committee is to make decisions on debt settlement on non-performing assets and management of repossessed property and/or other property owned by the Bank, perform functions provided for by the current legislation of Ukraine, regulations of the National Bank of Ukraine, the Bank's Charter, resolutions of the General Meeting of Shareholders (resolution of the sole shareholder), the Supervisory Board, and the Management Board of the Bank.

Retail and SME Non-performing Assets Management Committee - the main purpose of the Committee is to make decisions on debt settlement on non-performing assets, management of repossessed property and other property owned by the Bank, performance of functions provided for by the current legislation of Ukraine, regulations of the National Bank of Ukraine, the Bank's Charter, decisions of the General Meeting of Shareholders (decision of the sole shareholder), the Supervisory Board, and the Management Board of the Bank.

Assets and Liabilities Management Committee - the main purpose of the activity is to form the optimal structure of the Bank's balance sheet to maximize profitability while limiting the possible level of risks.

Tariff Committee - the main purpose of the Committee is to make decisions on ensuring the optimal and effective tariff policy of the Bank by determining reasonable approaches to pricing tariffs for products and services, taking into account the cost and market competitiveness of existing tariffs, performing other functions provided for by the current legislation of Ukraine, regulations of the National Bank of Ukraine, the Bank's Charter, decisions of the General Meeting of Shareholders (by the decision of the sole shareholder), the Supervisory Board, and the Management Board of the Bank.

Operational Risk Management Committee - the main purpose of the Committee is to develop and implement an effective operational risk management system in the Bank, including the implementation and functioning of the ISMS, and to perform the functions provided for by the current legislation of Ukraine, regulations of the National Bank of Ukraine, the Bank's Charter, resolutions of the General Meeting of Shareholders (resolution of the sole shareholder), the Supervisory Board, and the Management Board of the Bank.

Financial Monitoring Risk Management Committee - the main purpose of the Committee is to consider problematic and topical issues of the AML/CFT intra-bank system; assess and monitor the Bank's financial monitoring risks, as well as control the implementation of tasks to reduce the impact of financial monitoring risks by responsible executives and perform functions stipulated by the current legislation of Ukraine, regulations of the National Bank of Ukraine, the Bank's Charter, resolutions of the General Meeting of Shareholders (by the decision of the sole shareholder), the Supervisory Board, and the Management Board of the Bank.

Tender Committee - the main purpose of the Committee is to reduce the budget allocations for the relevant purposes while maintaining the required quality standards and strengthening the Bank's image as a proper and open for cooperation with the most worthy partners of the customer, as well as the Bank, which is able to protect its corporate interests by using a collegial method of decision-making on the selection of the best conditions for the purchase of goods, works and services and ensuring transparency of procurement.

The main purpose of the HR Committee is to make decisions on HR issues, including staff motivation.