Internal Committees

Alakbarov Shaig

Chairman of the Committee

Abbasov Elnur

Member of the Committee

Azizov Asif

Member of the Committee

Goyushov Vusal

Member of the Committee

Ismailov Samir

Member of the Committee

Garashova Sabina

Member of the Committee

Gulamov Polad

Member of the Committee

Main responsibilities of the Committee:
  • Develop and present to the Supervisory Board the regulations of identifying, assessing and hedging all the risks invloved in the Bank’s business.
  • Identify the risks and risk control methods, and draw up a risk map.
  • Set limits for risk areas (which include simple limits such as counterparty maximum exposure and amount of risk position, and improved limits which are measured by risk assessment methods such as Value at Risk (VaR) and Stress Tests).
  • Make allocation of the funds by the Bank’s assets and liabilities. The allocation decisions are made based on the analysis of liquidity gap (difference between raised funds and allocated funds). The market liquidity risk reflects the probable period of closing the positions, and the VaR method is used to this effect.
  • Approve the lending and financing schemes to ensure efficient use of the Bank’s funds, etc. <

Goyushov Urfan

Chairman of the Committee

Abbasov Elnur

Member of the Committee

Goyushov Vusal

Member of the Committee

Valiyev Rustam

Member of the Committee

Gasimli Etibar

Member of the Committee

Garashova Sabina

Member of the Committee

Aliyeva Bahar

Member of the Committee

Main responsibilities of the Committee:
  • Ensure that the remuneration policy does not conflict with the Bank’s interest, and avoid any making of profit in the short-term perspective at the cost of the Bank’s taking long-term risks.
  • Develop internal procedures for the implementation of remuneration policy, and ensure that these procedures are consistent with the Bank’s risk management guidelines.
  • Oversee the remuneration process, including the review of the remuneration policy jointly with the Risk Management Committee at least once a year.
  • Make proposals to the Supervisory Board on the amount of remuneration.

Aliyev Anar

Chairman of the Committee

Huseynov Gabil

Member of the Committee

Mammadzadeh Veis

Member of the Committee

Main responsibilities of the Committee:
  • Oversee the work of the Bank’s External Auditor, including the development and review of the implementation of the annual program of works performed by the External Auditor for the Bank.
  • Review any fraud, improper activity and error in the internal control system or similar issues jointly with the External Auditor and internal audit function.
  • Review any accounting and reporting-related important issues, and assess their impact on the Bank’s financial reports.
  • Review any legal issues that may significantly affect the financial reports.
  • Review the annual financial statements and determine whether they are complete and consistent with the information known to the Committee Members and assess how the financial statements reflect the relevant accounting principles.

Azizov Asif

Chairman of the Committee

Abbasov Elnur

Member of the Committee

Ismailov Samir

Member of the Committee

Garashova Sabina

Member of the Committee

Asgarov Yusif

Member of the Committee

Main responsibilities of the Committee:
  • ­ Ensure the Bank’s profitability, including the effective liquidity management
  • Subject to market conditions, review the limits for raising of funds, investments and market risks, and if necessary, make proposals on the amendment of asset and liability management policy and regulations as well as the corporate limits set by the Risk Management Committee
  • Take other measures that ensure effective work of the Treasury, etc.

Allahverdiyev Shakir

Chairman of the Committee

Abbasov Elnur

Member of the Committee

Ismayilov Samir

Member of the Committee

Goyushov Vusal

Member of the Committee

Valiyev Rustam

Member of the Committee

Gasimli Etibar

Member of the Committee

Yusifov Emin

Member of the Committee

Main responsibilities of the Committee:
  •  Diversify the loan portfolio by industry, loan type, region, country, currency, customer group and branches, and set the credit decision-making limits;
  • Obtain and analyze the necessary information on the loan portfolio, its structure and borrowers from relevant executive structures;
  • Raise an issue before the Management Board on the amendment of lending regulations;
  • Be responsible for the quality of the loan portfolio, etc.

Mammadov Ahmad

Chairman of the Committee

Ismayılov Anar

Member of the Committee

Hasanov Vugar

Member of the Committee

Main responsibilities of the Committee:

Abbasov Elnur

Chairman of the Committee

Goyushov Vusal

Member of the Committee

Gulamov Polad

Member of the Committee

Gojali Novruz

Member of the Committee

Azizov Yusif

Member of the Committee

Garashova Sabina

Member of the Committee

Rzazada Zamiq

Member of the Committee

Main responsibilities of the Committee:
  • ­ Plan and determine the amount of IT products to be purchased.
  • Analyze the necessity, nature and cost of software packages to be purchased, and set up their launch schedule.
  • Develop the overall structure of software, hardware and communications to be used.
  • Analyze the IT functional requirements developed by the Bank’s structural units, verify their eligibility to the Bank’s business plan and assess their effectiveness considering the costs of their implementation.
  • Approve the IT standards for software development, modification, update and maintenance, etc.

Valiev Rustam

Chairman of the Committee

Seyidov Ramin

Member of the Committee

Yusifov Emin

Member of the Committee

Main responsibilities of the Committee: