Composition of the Committee
Board Credit Committee (the BCC) consists of following members whose profiles are given in the section on Board of Directors and Profiles.
Mr K G D D Dheerasinghe* (Chairman)
Mr J Durairatnam (Managing Director/CEO)
Mr S Renganathan
(Director/Chief Operating Officer)
Prof A K W Jayawardane* (Director)
*Independent Non-Executive Director
Secretary to the Committee
Mr R A P Rajapaksha
(Assistant Company Secretary)
Meetings
Name | Eligible to attend/Attended |
Mr K G D D Dheerasinghe | 12/12 |
Mr J Durairatnam | 12/10 |
Mr S Renganathan | 12/10 |
Prof A K W Jayawardane | 12/12 |
Proceedings of the Committee meetings were regularly reported to the Board of Directors.
The Committee continued to manage lending portfolios in line with the stipulated credit risk parameters set by the Board of Directors.
The Board Credit Committee assists the Board of Directors in effectively fulfilling its responsibilities relating to the Credit Direction, Credit Policy and Lending Guidelines of the Bank in order to inculcate healthy lending standards and practices and ensure that relevant regulations are complied with.
The Committee is empowered to:
The Committee approved credit proposals above a predetermined limit and recommended credit proposals and other credit reports intended for approval/perusal by the Board of Directors after careful scrutiny. These tasks were carried out by the Committee in line with the Bank’s lending policies and credit risk appetite to ensure that the lending portfolios were managed in line with the stipulated credit risk parameters set by the Board of Directors while achieving the Bank’s lending targets.
K G D D Dheerasinghe
Chairman – Board Credit Committee
Colombo
February 23, 2018