Corporate Governance

The policy regarding the management framework of the Bank defines the key principles which should be applied in order to ensure an adequate management and supervision, corresponding to the structure, activity and risks related to the Bank and considering the nature, size and complexity of risks to which this is exposed to.

The requirement for a management framework is applicable to credit institutions, Romanian legal entities, and regulates at the individual and/or consolidated level the general framework for:

  • Management of credit institutions;
  • Internal assessment process of capital adequacy for risks;
  • Conditions for outsourcing of their activities.

The management framework of the Bank refers to the responsibilities of the management body from the following points of view:

  • Set-up of business objectives;
  • Set-up risks strategies and risk profile ;
  • Set-up the Bank activity management, by including adequate responsibilities and limits of authority, reporting lines;
  • Set-up of the Internal Control framework.

The general framework of the Bank is organized according to, but not limited to:

  • Government Emergency Ordinance No. 99/2006 regarding credit institutions and capital adequacy (the Banking Law), approved by Law No 227/2007, as subsequently amended and supplemented;
  • Law No. 31/ 1990 regarding companies, republished, with further amendments and supplementations;
  • Articles of Association of the Bank;
  • NBR Regulation No. 5/2013 on prudential requirements for credit institutions;
  • Regulation (EU) No. 575/2013 of the European Parliament on prudential requirements for credit institutions and investment firms;
  • National Bank of Romania Instructions from 29.12.2017 regarding the disclosure of the Liquidity Coverage Ratio, for the supplementation of the information regarding the liquidity risk management under art. 435 from Regulation (EU) No. 575/2013;
  • NBR Instructions from 28.10.2015 on materiality, proprietary and confidentiality and on disclosure frequency under articles 432(1), 432(2) and 433 of Regulation (EU) 575/2013EBA/GL/2014/14;
  • National Bank of Romania Instructions from 29.12.2017 regarding the disclosure requirements under Part Eight of Regulation (EU) No. 575/2013 and for the amendment of Regulation (EU) no. 648/2012.

For running its operations under the management framework, the Bank operates by means of a specific internal regulations system (strategies, policies, norms, procedures, etc).

The management framework of the Bank includes at least the following:

A. the organisational structure of the Bank and the allocation of the functional responsibilities within it, as well as its position within EximBank Group from the perspective of the relevant structures and their reporting lines;
B. the responsibilities of the management body of the Bank;
C. the internal control framework of the Bank;
D. the internal regulatory framework of the Bank

E. information systems and activity's continuity:

F. transparency requirements.