Internal Control

Internal controls starts at the Board of Directors and its assisting committees such as the Special Audit Committee, the Nomination and Remuneration Committee and the Audit and Compliance Committee.

The Board of Directors approves the business operations plan proposed by the Management Committee and determines the risks acceptable to the Group in view of the Bank’s capital and target to be achieved.

The Bank’s risk management operations are conducted by the Management Committee, the Asset and Liability Committee, the Risk Policy Committee, the Credit Committee, the Investment Committee, the New Business Product Committee. The Board of Directors is committed to maintaining the corporate governance and business operations by approving material decisions made by each Committee and receiving close reports on risk management.

Our Internal Audit Division conducts internal audits along with the Audit Plan approved by the Board of Directors in each fiscal year. Audit results are reported to the Management Committee monthly and a summary of the audit is presented to the Audit Compliance Committee and the Board of Directors semiannually, providing an independent assessment of the Bank's internal control system.