Internal Control is an essential component of the Bank’s management for safe and sound operations. The internal control system seeks to ensure process integrity, compliance and effectiveness as to provide reasonable assurance that financial and management information is reliable, timely and complete.

The Board of Directors and Senior Management recognize the importance of maintaining an effective internal control framework, embedded within the Bank’s governance structure, to ensure compliance with applicable Laws, regulations and internal policies. Senior Management is responsible for designing, developing and implementing a strong and comprehensive internal control framework, through a proper segregation of duties and separation of functions with appropriate controls that govern the Bank’s organizational structure and reporting processes. The internal control system is supported by independent control functions, namely Risk Management, Compliance, Permanent Control & Inspection, and Internal Audit.

Supporting a strong compliance culture, the Bank prompts its staff members to strictly adhere to policies and respect all applicable laws and regulations.