The Audit Committee is established with the purpose to assist the Supervisory Board and the Board of Directors in overseeing effectiveness and adequacy of the Bank's internal control and risk management systems, in the selection process of independent audit firms and in communication with them, and in monitoring whether the Bank’s activities are in compliance with the applicable legislative acts.

The Committee is accountable to the Supervisory Board.

The Audit Committee executes its activities within the framework of the Audit Committee Statute.

Committee Members

• George Glonti - Chairman of Audit Committee
• Shahin Mammadov - Member of Audit Committee
• Ebru Ogan Knottnerus - Member of Audit Committee

Audit Committee Statute

The Risk Management Committee is established with the purpose to advise and assist the Supervisory Board in discharging its duties and responsibilities, to ensure the effectiveness of the processes and capabilities for identification, assessment, measurement, control, reporting and monitoring over risk.

The Committee is accountable to the Supervisory Board.

The Risk Management Committee executes its activities within the framework of the Risk Management Committee Statute.

Committee Members:

• Ebru Ogan Knottnerus - Chairperson of Risk Management Committee
• Kamala Nuriyeva - Member of Risk Management Committee
• George Glonti - Member of Risk Management Committee

Risk Management Committee Statute