Risk Management Bank "Pravex"

The work of Pravex bank pays great attention to risks. The main purpose of risk management is an effective system of enforcement of current and strategic objectives of the Bank, using appropriate methods of management and control of risks generated by the external environment, the structure of assets and liabilities, and other business processes of the bank. Risk management is seen as an important component of integrated management of the bank. To do this during every important operation is investigated in terms of its impact not only on the specific risks that arise in the event of, but also on all aspects of the bank, namely the structure of assets and liabilities, financial performance and profitability of the bank's asset quality, compliance with the NBU, the experience of world practice. Pravex continues to work on improving their own risk management systems, as early identification of potential risks - a pledge of financial stability and profitability of the bank. To ensure improved management of risk, maintaining an adequate level of profitability at the bank, the Committee on Asset and Liability Management Committee and the Limit. The main tasks of the Committee on Asset and Liability Management are: minimizing the risk of liquidity is ensured by reducing the liquidity gaps as regards the timing and rates, the settlement of imbalances in the time between assets and liabilities, making decisions about changing the priorities of the active operations of the establishment or change of limits for active operations in the sectional areas, management of income and expenditure of active passive operations, control of the bank's interest rate policy. Category: Financial Management | Tags: Risk Management