Risk Management

The implementation of a climate-related risk assessment system at the Bank represents a key milestone in adapting to current regulatory requirements, international standards, and the growing impact of climate-related factors on financial stability.

In 2024, as part of a systematic approach to managing climate-related risks, the Bank, in collaboration with international consultants, undertook the following initiatives:

1. Developed a methodology for climate-related risk assessment;
2. Conducted an analysis of the credit portfolio’s exposure to climate-related risks;
3. Developed a roadmap for implementing climate-related risk assessment.

As part of its ongoing efforts to integrate ESG components into its risk management system, in 2024 the Bank identified material physical and transitional climate-related risks. These include the increased frequency and impact of adverse climate events and the strengthening of national regulatory policies that may lead to tighter energy efficiency requirements in the construction sector.