For the purpose of risk management in Rabitabank, a risk management strategy and a risk policy, a risk appetite statement, an emergency plan for financial risks, as well as a risk map has been developed. Based on the mentioned documents, the bank’s internal rules and procedures have been developed, an analytical system has been established based on stress scenarios, and an emergency plan for Business sustainability has been developed.
All structures of the bank carry out their work in accordance with the bank’s existing internal risk rules and procedures.
Rabitabank pays special attention to the measures carried out for risk management. Thus, the risks are identified based on the advanced experience of foreign banks, regulatory acts of the regulatory body, the recommendations of the Basel Committee and classified into the following categories: