Sustainability Report 2025
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Corporate Governance Structure

In accordance with the legislation of the Republic of Kazakhstan, the organizational structure of the Bank consists of the following governing bodies:

-     highest body – Sole Shareholder;

-     governing body – Board of Directors. Under the Board of Directors of the Bank, 4 committees function: the Audit Committee (reviews issues on financial control, internal and external audit, financial reporting, and risks), the Strategic Planning and Corporate Development Committee (reviews issues on strategic development, investment and financial activity, corporate governance, and sustainable development), the Risk and Internal Control Committee (reviews issues on risks, internal control, compliance, and financial stability), and the Personnel, Remuneration, and Social Issues Committee (reviews issues on personnel appointments, motivation, and corporate governance);

-     executive body – Management Board. Under the Management Board of the Bank, 11 committees operate: the Committee for Strategy and Corporate Development, the Asset and Liability Management Committee, the Committee for Banking Products, Processes, and Service Quality, the Credit Committee, the Information Resources Committee, the Budget Committee, the Controlling Committee, the Personnel Committee, the Information Security Committee, the Risk Committee, and the Commission for Determining Value and Reviewing Issues on Deregistration of Fixed Assets, Intangible Assets, and Stale Inventory;

-     body exercising control over the financial and economic activities of the Bank – internal audit unit;

-     other standing collegiate bodies of the Bank, established in accordance with the legislation of the Republic of Kazakhstan and internal documents of the Bank for the implementation of various lines of the Bank's activity.

Relationships between the Board of Directors and the Management Board of the Bank are an integral part of corporate governance and are regulated according to the current legislation of the Republic of Kazakhstan. The rights, duties, and competencies of the Board of Directors and the Management Board are determined and secured in internal and constituent documents, such as the Charter, the Corporate Governance Code, as well as the legislation and regulatory acts regulating the activity of banks in the Republic of Kazakhstan.