Risk management

The Bank’s Management Board is responsible for the risk management, including supervising and monitoring of activities taken by the Bank.

Credit risk is defined as a risk of occurrence of losses due to client’s default of payments to the Bank or as a risk of decrease in economic value of amounts due to the Bank as a result of deterioration of client’s ability to repay amounts due to the Bank.

The objective of capital adequacy management is to maintain capital in a continuous manner on a level adequate to the risk scale and profile of the Group’s activities.