INITIATES THE DETERMINATION AND DEFINITION OF POLICIES AND GUIDELINES FOR THE APPROVAL OF CREDIT, OPERATIONAL, MARKET/PRICE AND OTHER RISKS WITHIN THE GROUP; DEFINING ACCEPTABLE RISKS AND RISK ACCEPTANCE CRITERIA

The Committee comprises three non-executive directors, the Chief Executive Officer and two executive directors.

Members have good knowledge of business, finance, banking, general management and credit. 

Responsibilities:

• Initiates the determination and definition of policies and guidelines for the approval of credit, operational, market/price and other risks within the group; defining acceptable risks and risk acceptance criteria;
• Sets and reviews credit approval limits for management;
• Reviews and ratifies operational and credit policy changes initiated by management;
• Ensures compliance with the bank's credit policies and statutory requirements prescribed by the regulatory or supervisory authorities;
• Reviews periodic credit portfolio reports and assesses portfolio performance;
• Reviews all other risks i.e. technology, market, insurance, reputation, regulations, etc.