Composition

At the end of 2009, the Committee was composed of two non-executive directors and the Chief Executive Officer. All members have good knowledge of business, finance, banking, general management and credit. The Chief Risk Officer serves as Secretary to 
the Committee.

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.