Committees are hierarchically horizontal bodies of the Bank, mandated by the Board of Directors with specific decision-making authorities. The rights of the members of the Committees are defined in each Committee’s “Terms of Reference”. The Board of Governors on the recommendation of the Board of Directors has created the following committees with decision-making authority.

Management Committee

This is the main Committee of the Bank and has the mandate to consider and decide on all issues pertaining to key aspects of the Bank’s strategy, structure, operation, risk management and performance.


All other Committees established by the Bank have a subsidiary role and report to the Management Committee.


The Management Committee comprises the President as Chairman, the Vice Presidents and the Secretary General.


The Management Committee’s secretary is a member of the staff nominated and appointed by the President.


The Management Committee makes all possible efforts to take its decisions unanimously, or, if consensus cannot be reached, there are special provisions regarding majority voting.

Credit Committee

The Credit Committee’ responsibility is to guide the Operation Teams through the approval process from Concept Clearance to Final Review, in conformity with the Bank’s Operations Cycle Policy and its attendant Operations Manual. It considers all matters related to the financing operations of the Bank and expresses opinions with respect to the appropriateness of the due diligence and appraisal process.


The Credit Committee rejects financing proposals that do not meet mandate/strategy criteria, are not economically/financially viable and sustainable, and/or are not in conformity with existing Bank regulatory framework.

Assets & Liabilities Committee

ALCO is responsible for setting strategic direction in asset and liability risk management and establishes specific numerical limits, targets, and guidelines within which tactical and operational ALM decision-making must take place. The Committee is responsible for decisions on issues concerning the relationship between the Bank’s assets and liabilities - capital adequacy, liquidity, foreign exchange risk, interest rate sensitivity and off-balance sheet risks.


Its composition is recommended by the President and approved by the BoD. It is the key institutional unit in the Bank’s financial management process.