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Bank’s capital structure and its adequacy

Information on Bank’s capital structure and is adequacy for the purposes of delivering information of “Bank Melli Iran” Baku Branch to users in accordance with the Rules for “the application of corporate governance standards in Banks”.

The main purpose of information disclosure is to provide data users with information that may affect the results of the assessment carried out related to the financial condition of the bank and decision-making, thereby, enabling to the effective comparison of different banks while making economic decisions.

 

Bank's corporate governance system

Bank's three-year business strategy has been developed related to the application of corporate governance standards. Types of activity to be implemented by the bank, targets for specific products, services and rates have been determined in new strategy. Bank’s financial forecasts for the implementation of strategy have been made taking into account the strategic targets put forward.

The establishment of internal audit department has been approved for the assessment of efficiency of internal control system of the department responsible for risk management.

Information systems that enable to measure credit, liquidity, open currency position and other risks and obtaining necessary information at any time have been established in the direction of establishment of management information system.

Bank's accounting records and financial statements have been adapted to the application of International Financial Reporting Standards.

Procedures for the effective management of credit risks and monitoring on credits have been determined. Regulations of Credit Committee have been determined and these Regulations reflect Rules “For the application of corporate governance standards in Banks” and the requirements of Bank’s Head Office.  

Reporting system of Credit Committee has been established and the format, duration and periodicity of reports have been specified.

Reports in PDF file format