Page 48 - 86395_CCB - 2024 Annual Report (web)

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Credit Committee Board activity
The Credit Committee is chaired by The Board leads the setting of the Bank’s
the CLO (Chief Lending Officer) and is strategy and oversees the implementation of
responsible for reviewing and managing that strategy by the Executive. At each Board
all aspects of the Bank’s exposure to meeting, the Board receives a performance
Credit Risk. report and a report from the Chief Officers.
The Credit Approval Sub‑Committee A key area of focus for the Board has
reports to the Credit Committee and is been business performance particularly given
responsible for the review, challenge, the impact of the continuously changing
and approval of loan terms (at origination base rate environment upon customers.
and subsequent amendment), including The Board has, during the year, received
pricing, within limits delegated by the regular updates from the Bank's Chief
Board Risk & Compliance Committee. Commercial Officer upon activity, products
and propositions.
Customer & Product Committee Our capital base remained robust
and resilient. The Board conducted
The Customer & Product Committee
comprehensive reviews of the Bank’s ICAAP
is chaired by the Chief Commercial
and ILAAP, analysis of the impact of Basel
Officer and is responsible for overseeing
3.1 and the Small Domestic Deposit Taker
customer outcomes and the suite of
regime and worked to ensure the full Board
products offered, including the design,
understood and were able to oversee our
performance, conduct risk and customer
Risk Management Framework.
suitability of our products.
The Board continues to develop and
refine our ESG strategy, which reflects our
ESG Steering Committee
commitment to sustainability and social
The ESG Steering Committee is chaired responsibility. Having completed our first year
by the General Counsel and is responsible as an accredited B Corp, we published our
for leading the Bank’s response to the Impact Report that set out how we had made
risks, challenges and opportunities a positive impact upon the world around us.
presented by environmental, social and The Board continued its practice of receiving
governance factors. regular updates on ESG, championing the
desire to be a growing, successful Bank
Impairment & Provisions Committee supporting SMEs as well as a force for good.
The Impairment & Provision Committee
is chaired by the CFO and is responsible
for monitoring current and potential
non‑performing lending on an ongoing The Bank has
basis for the purposes of identifying and
agreeing provisions for under recovery delivered a
across the Bank’s loan portfolios.
strong financial
Risk Management Committees
performance in 2024
The Risk Management Committee is
chaired by the CRO and is responsible despite the economic
for reviewing and managing all aspects environment.
of the Bank’s exposure to non‑financial
risks, including legal, compliance and
regulatory, financial crime, operational,
conduct and operational resilience risks.
The Model Risk Governance
Committee is a sub‑committee reporting
to the Risk Management Committee. It is
chaired by the CRO and is responsible for
the management and oversight of financial
models used within the Bank.