Risk management
BGK has established a risk culture, which means standards, attitudes and actions relating to risk awareness, taking the risk by the Bank and risk management, as well as control mechanisms related to risk. Risk culture affects decisions made by the management and employees and the risk taken by them.
The risk management system in place at the Bank comprises:
Risk reporting Risk control Risk identification Risk measurement
or assessment Risk monitoring
or assessment Risk monitoring
Major categories of identified risks:
Credit and concentration risk
Financial risk
Operational risk
Business risk
ESG risk
Compliance risk
Reputational risk
Capital adequacy and leverage risk
Other risks