Supervisory Board

• Audit Committee:
  The Audit Committee was established to assist the Supervisory Board in resolving issues pertaining to internal audits and external audits conducted by independent auditors.
• Risk Management Committee:
  The Risk Management Committee deals with effective risk management issues arising from the bank’s activities and seeks to mitigate such risks, preparing an assessment for approval by the Supervisory Board.
• Nomination and Remuneration Committee:
  The Nomination and Remuneration Committee deals with issues related to the composition and evaluation of governance bodies of the bank, to establish the amount and terms of payment of remuneration to members of governance bodies of the bank, for approval by the Supervisory Board.

Compliance

The bank’s Compliance Department was established to ensure the bank's compliance with the effective laws of Ukraine, applicable market standards, internal regulations of the bank and corporate ethics of Pivdenny Bank. The bank’s Compliance Department is an integral component of the internal control system and reports to the bank’s Supervisory Board.

The Compliance Department operates independently and works with the management and oversight bodies of the bank, and all other units of the bank on matters within its purview.

The bank has implemented a whistleblowing system to address illegal acts (fraud, abuse of office, etc.), legal violations of legislation and of the internal regulation of the bank, and/or improper conduct. Clients, partners or employees of the bank may report any violations (including anonymously) for review by the compliance unit.

To obtain access to the whistleblowing system see: hotline.

Risk management

The Supervisory Board has implemented a complex and effective risk management system based on the bank’s activities, the nature/volume of its operations and risk profile. The risk management system ensures ongoing risk analysis, and timely, effective decision-making.

To ensure adequate management, the Supervisory Board of the bank identifies and supports a high-profile culture of risk management, ensures the establishment of transparent communication mechanisms in the bank, and maintains an adequate level of organisational structure, IT systems and internal control systems.

Internal audit

The bank has an internal audit unit that is an integral internal element of the bank’s control system and reports to the Supervisory Board. The internal audit function is responsible for audits of the financial and business activities of the bank, and for reviews and evaluation of risk management and internal control systems of the bank.

Independent auditors

Ernst and Young LLC was appointed by the Supervisory Board as the independent auditor of the financial statements of the bank for 2022.

Address: Ukraine, 01001, Kyiv 19А, Khreshchatyk St.
Site: www.ey.com
Tel.: +380 (44) 490 3000

Corporate Secretary

The functions of the corporate secretary are performed by a unit that reports to the Supervisory Board of the bank. The same unit ensures interactions between shareholders, investors and governance bodies of the bank.

Shareholders and investors can send their questions to the following e-mail addresses:
corporate.secretary@pivdenny.ua
or call:
+38 (0482) 30 70 07