The asset-liability committee ALCO oversees the Ghazanfar bank’s entire balance sheet, monitoring the interplay between assets and liabilities, to ensure that the asset - liability management policies established by the Board of Supervisors are adequate and are being adhered to. Following are the members of Asset Liability Committee of the Bank:
- Chief Executive Officer : Chairman
- Chief Operations Officer: Member
- Chief Finance Officer: Member
- Chief Risk Officer: Member
- Head of Islamic Banking: Member
- Head of Treasury: Member
- Chief Credit Officer: Member
Audit Committee is headed by Chairman of Audit Committee & has at least two more members. The Audit Committee monitors compliance with supervisory board policies and with laws and regulations. It should also monitor management’s efforts to correct deficiencies discovered in an audit or a supervisory examination. It is established according to the Banking Law. The Chief Internal Auditor of the bank should report directly to the Board of Supervisor’s Audit Committee.
The Credit Committee determines the Credit Policy of the Bank. The Credit Committee identifies possible risks assumed by the Bank for different types of transactions which are not within the competence of the Assets and Liabilities Directorate. It is also responsible for making final decisions on raising and use of funds within its authority as determined by the Executive Board of the Bank. The Credit Committee has the authority to make a final decision on approval or rejection of proposed transactions as well as to establish personal limits and client limits in accordance with its powers. Resolutions of the Credit Committee may be overruled only by the Executive Board of the Bank as per Da Afghanistan Bank, Central Bank of Republic Islamic of Afghanistan.
Risk Management Committee
Risk Management Committee of the Bank (RMCB) monitors on an ongoing basis the environment in which the Bank operates and the risks to which it is exposed and adjust the Bank’s operations as appropriate. The committee also reviews the risks arising from the Bank’s lines of business and recommend to the Board of Supervisors for its approval the risk control policies and procedures.Composition of RMCB
- One member from Board of Supervisor as Chairman of the Committee
- Two other members from Board of Supervisors
- Chief Risk Officer as Member Secretary & Convener of Risk Management Committee Meeting.