Operational Risk

The Bank as a rapidly developing financial institution focuses its attention to implementation of effective system of operational risk management, which includes implementation of risk identification mechanizmas by means of various independent information channels (questioning employees, introduction of help desk for employees etc), estimation of operational risk value subject to Basel II recommendations, monitoring of operational risk indicators, control and minimization of operational risk.

Within operational risk management, Risk Management Department has established close cooperation with other subdivisions of the Bank with the purpose of complex operational risk management.