TBC Bank's internal system of management processes and policies is structured in such as a way as to ensure compliance with laws and regulations and the highest internationally recognized standards of corporate governance.

The core values based on which TBC Bank is administered are openness, transparency, accountability and ethical behavior that serves the interests of the shareholders, employees, creditors, customers and the community at large and ensures the sustainable development of the bank.

Corporate Governance Structure

Four main bodies within the bank work in tandem to ensure good corporate governance: the Shareholders' General Assembly, the Supervisory Council, the Board of Directors and the Audit Committee.

The Shareholders' General Assembly is the supreme governing body. It is involved in the essential decisions of the bank, such as amendments to the charter, mergers and acquisitions, capital increase, electing and dismissing Supervisory Council and the Audit Committee members, approving the external auditors of the bank and distributing profits.

The Supervisory Council consists of seven members. It determines the policy and sets the strategic goals of TBC Bank, along with supervising and monitoring the activities of the Board of Directors of the Bank. Members of the Supervisory Council are elected by the Shareholders' General Assembly for a term of four years. They cannot simultaneously be members of the Board of Directors.

The Board of Directors consists of seven members who are responsible for operational control over the bank and the day-to-day management of corporate activities. The Board of Directors shall ensure compliance with the general guidelines and policies established by the Shareholders' General Assembly and the Supervisory Council. Several Committees reporting to the Board of Directors ensure efficiency in the various aspects of the bank's operational activities.

The Audit Committee oversees internal audit and financial reporting processes within the bank. It oversees the observance of the laws and regulations, the charter and internal guidelines of the bank. The Audit Committee provides assistance to the Supervisory Council in order to maintain effective corporate oversight.