Page 49 - Stanbic Bank IR 2024
P. 49

STANBIC BANK BOTSWANA LIMITED | Integrated Report 2024 47




               PRINCIPLE 8 (continued)








                   BOARD CREDIT

                   COMMITTEE

                   (BCC)







                   Mark Haskins
                   Chairman






               The Board Credit Committee’s purpose to ensure effective credit governance for the adequate management, measurement, monitoring,
               and control of credit risk. To achieve this, the Committee reviews and oversees the overall lending policy, directs the formulation, review,
               and monitoring of credit policies and procedures, ensures effective procedures for managing non-performing loans, addresses issues
               materially impacting the Bank’s credit risk management, and delegates and reviews lending of related parties including lending limits for
               senior management.

               For the year under review, the Committee has successfully met its mandated obligations. In fulfilling its responsibilities as defined in its
               terms of reference, key strategic areas of focus included:
                   „ Supporting clients through the provision of repayment moratoriums to aid in the management of their financial performance during
                  the prevailing economic climate and maintaining an appropriate risk appetite for the Bank’s credit offerings.
                   „ Approval and monitoring of facilities in excess of 10% of unimpaired capital
                   „ Ensured that lending and/or transactions to related parties are done at arm’s length.
                   „ Review and Monitor the Non-Performing loans.
                   „ Review and monitor the credit loss ratio.


               BOARD CREDIT COMMITTEE ATTENDANCE 2024

                                          09/01/2024  20/03/2024  26/04/2024  17/06/2024  21/08/2024  13/11/2024
                                           Special      Q1        Special      Q2          Q3         Q4
                M Ismail (Chair)*                                   n/a        n/a         n/a        n/a
                P R De Wet **                                       n/a        n/a         n/a        n/a
                B Groth
                M Haskins (Chair)***
                A Coutinho****              n/a         n/a                     -                      -
                R Irvine*****               n/a         n/a         n/a
               * M Ismail retired from the committee on 22 March 2024
               ** P R De Wet retired from the committee on 22 March 2024
               ***M Haskins was appointed as the chair of the committee on 22 March 2024
               ****A Coutinho was appointed to the committee on 22 March 2024 and resigned on 29 November 2024
               *****R Irvine was appointed to the committee on 15 May 2024

               KEY
                    Attended     * Invitee to the committee    n/a - Not a member of the committee    - absent
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