Asset and Liability Management Committee (ALCO)

The Bank management committee that oversees the Bank’s financial strategies, policies and performance, ensuring that they are consistent with the Bank’s mission, limits and strategic objections as approved by the Board of Directors and in compliance with applicable laws and regulations. ALCO also develops and communicates management’s recommendations to the board with respect to financial management, implications of new business initiatives and product strategies. ALCO reports to the Finance and Budget Committee of the board.