Effective Corporate Governance is an essential component of BLC Bank’s corporate culture. The Bank is hence committed to adhere to the “best practices” in Corporate Governance in order to fulfill its responsibilities towards its shareholders, customers, and employees.

BLC Bank’s Corporate Governance framework, with the Bank’s BYLAWS and Charters of the Board Standing Committees, constitute the key elements of the structure by which the Bank is governed.

The Corporate Governance Code is designated to reinforce the confidence of our stakeholders by optimizing the system by which the Bank is directed and controlled, the overall risk management practices, the reporting transparency and the quality of cooperation between shareholders, Board of Directors, and Management of the Bank. 

BLC Bank is governed by the Board of Directors whose basic responsibility is to exercise reasonable business judgment, approve the Bank’s strategic objectives and corporate values and oversee their implementation through the assistance of four Board Committees with specific charters and missions. BLC Bank’s Management, on the other hand, is responsible for the daily operations guided by internal policies and the interest of the Bank and its stakeholders. 

To ensure effectiveness in overseeing the Bank’s operations and to discharge certain statutory responsibilities, twelve standing committees were established where decision-making implementation is done in accordance with the strategy approved by the Board, taking into account the participants’ recommendations. Among these standing committees are the Operational Risk Management committee, Credit and Financial Risk committee, IT Security committee, Asset Liability Management committee and the Compliance committee. 

Timely and accurate disclosures on all material matters regarding the Bank, including its financial situation and performance are made available on the Bank’s public website, annual reports, reports to supervisors, or through other appropriate forms. 

BLC Bank’s Corporate Governance framework is designed to promote integrity, transparency, and provide our stakeholders with the values and incentives to give the best to their institution.