Chairman: Petr Smida, Member of the Board of Directors and the Executive Board, CEO
The purposes and tasks of ALCO are:
- formation of an optimal structure of the Bank’s balance sheet to provide the maximum profitability, limiting the possible risk level;
- control over the capital adequacy and risk diversification;
- execution of the uniform interest policy;
- determination of the Bank’s liquidity management policy;
- control over the state of the current liquidity ratio and resources of the Bank;
- formation of the Bank’s capital markets policy;
- control over dynamics of size and yield of trading transactions (purchase/sale of currency, state and corporate securities, shares, derivatives for such instruments) as well as extent of diversification thereof;
- control over dynamics of the basic performance indicators (ROE, ROA, etc.) as prescribed in the Bank's policy.
The ALCO is appointed by a resolution of the Bank Executive Board and includes no less than 7 members with the right to vote for a one-year period. ALCO is headed by the ALCO Chairman, who is appointed by the Bank Executive Board. The ALCO members without the right to vote are appointed upon presentation of the ALCO Chairman by Order of the Bank Executive Board from among Bank specialists and managers of the Bank for a one-year period. ALCO meetings are generally held every two weeks. If necessary, additional meetings may be convened.
All ALCO members with the right to vote have equal rights. ALCO has the authority to resolve any matters submitted to it for consideration if more than a half of the committee members with the right to vote are present at the committee meeting. A resolution is deemed passed if more than half of ALCO members with the right to vote being present at the meeting voted “for” such resolution.
The ALCO’s resolutions are binding on all Bank employees.
