FirstBank H1'11 Investor & Analyst Presentation
Operating
Environment
Risk Mgt &
Corporate
Governance
Financial
Review
Strategy &
Transformation
Summary &
Outlook
Highlights
Risk Management framework (2 of 2)
Credit
risk
Creation of loans and management of the risks inherent in the loan portfolio remained a focal point
A special recovery unit has been set up to revamp recovery strategy, to implement recovery initiatives that would
ensure provisions taken in prior periods are reversed
Market
and
liquidity
risk
Increased market confidence and perception of the Bank as strong and reliable
Healthy liquidity position has been maintained
Environmental
and
social
risk
•
Environmental and social risk management system policy being implemented
This is aimed at promoting environmental soundness and sustainable development in a socially responsible
manner especially in large ticket project financing
Operational
risk
Information
security
risk
•
•
Through management focus and adequate deployment of resources the operational risk has been managed within
acceptable levels
We continue to work at minimising operational losses by strengthening control mechanisms
To achieve timely prevention and detection of fraud, an internal control antifraud automated system software was
recently deployed
Obtained ISO27001 certification from British Standard Institute.
The certification is the world's highest accreditation for information protection and security from the international
Organisation for Standardisation (ISO)
FirstBank H1'11 Investor & Analyst Presentation - 27/07/2011
Legal and
compliance
Risk
Improvement of access to sound legal advice and the awareness of the need to identify, mitigate and manage legal
risks
Compliance risks are being identified and mitigated through continuous improvement in technology
infrastructure, process rejuvenation/revalidation and training of stakeholders to understand regulatory obligations
and consequences of non-compliance.
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