Committees

Board of Directors Committees

Audit Committee analyzes and develops recommendations to the Board in respect of important financial and business issues, as well as monitors the accuracy and completeness of the Bank’s financial reports.

Committee members:
Tam Basunia – Chairman, independent director;
Pierre Casse – member, independent director.

Regulations on the Audit Committee.

Nominations and Remuneration Committee ensures personal awareness of the Board members of the Bank’s HR policy and supports their involvement in the monitoring of the HR policy implementation.

Committee members:
Pierre Casse – Chairman, independent director;
Tam Basunia – member, independent director;
Dr. Andre Carls – non-voting member*, non-executive director, representing CAH;
Ilkka Salonen – non-voting member*, non-executive director, representing EBRD.

* In order to ensure the Committee’s independence, only the independent directors have the voting power.

Regulations on the Nominations and Remunerations Committee.

Strategy Committee  assesses PSB strategic development concepts, programs and plans, monitors implementation of the Bank’s development strategy based on key indicators and proposals for strategy amendments with a view to improve efficiency of PSB operations, taking into account trends in the global capital markets, results of PSB operations and situation in the Russian banking sector.

Committee members:
Alexey Ananiev – member, Chairman of the Board of Directors;
Artem Konstandian – member, PSB President (CEO);
Yury Baev – member, non-executive director;
Vladislav Zabelin – member, non-executive director;
Dr. Andre Carls – member, non-executive director, representing CAH;
Ilkka Salonen – member, non-executive director, representing EBRD.
Alexandra Volchenko – member, Management Board member.

 Regulations on the Strategy Committee.

Bank Committees

Credit Committee establishes the types of standard lending products the Bank can offer and the terms of their provision, determines credit risk limits by borrower (according to a borrower classification) and by PSB branch, approves loans, allocates Banks credit facilities and votes on restructuring schemes for problem loans.

Asset and Liability Committee (ALCO) monitors liquidity management and PSB compliance with the prescribed liquidity ratios, approves policies and practices relating to risk, which ensure an adequate and a controllable (on a weekly basis) level of market risk, liquidity and capital adequacy.  

Tariff Committee supports the implementation of a unified tariff policy in the Bank. 

Budget Committee manages PSB’s budget on day-to-day basis, supports subdivisions with budget planning.

Public Sector Finance Committee resolves on financing issues (lending, issue of securities) to federal and local authorities.

Retail Risk Committee resolves on current and prospective risk management issues in Retail Business.

Product and Innovation Committee oversees new product development and introduction to the market, phase-out of existing products, and adoption of innovative practices in banking product development.