The Board of Directors is firmly committed to its priority of adopting a high standards, both reliable and straightforward business administration and Bank’s full compliance to international best practice principles. Although PROBANK still has no legal obligation, as it hasn’t yet been listed in the stock exchange, nonetheless it applies all the principles of corporate governance which are detailed in the Bank’s Corporate Governance & Operation manual. This manual in conjunction with its articles of incorporation, constitute the fundamental principles on which the Bank abides by.

PROBANK’s highest decision making body is the General Shareholders Assembly and the Board of Directors consisting of executive, non executive and independent members. These members are individuals with extensive experience, professional recognition and undisputed character, who are elected according to the provisions of the articles of incorporation.

The Board of Directors meets at least once a month, reviews and analyzes the strategy, business development and financial results while it also defines the framework of risk monitoring and management for the Group as well as for the Bank. The Board of Directors has assigned to the Bank’s Management the authority to manage and represent the Bank to third parties regarding all issues that contribute to the achievement of its goals.