Sunday, February 05, 2012                                                                                Jobs          Feedback          Complaints          Sitemap          Links          ContactUs
   
   

Recent News:   

>> All customers holding accounts with FutureBank will receive free SMS Alerts for any financial transactions affecting their account(s), Please visit your branch to apply for this service.         >> The Central Bank of Bahrain announced the adoption of IBAN (International Bank Account Number) by end of January 2012.    Banks will be able to process remittances efficiently and promptly through processing the IBAN of the recipient and will allow the bank customers to make or receive their payments much faster.     
 
 
BOARD COMMITTEES
 
  :: Board Audit Committee

A
Mr. Valliolah Seif - Chairman of Audit Committee

AMr. Abdulaziz Abdulmalek

AMr. Gholam H Zaferani

AMr. Vistasp Sopariwalla - Corporate Secretary
 


 

  :: Remuneration Committee

A
Dr. Hamid Borhani
AMr. Mahmoud Reza Khavari
AMr. Abdulaziz Abdul Malek
 

 

TERMS OF REFERENCE


 
:: BOARD COMMITTEES
 


  Audit Committee

 
Assists the Board of Directors in discharging its responsibilities relating to the bank’s
   accounting policy, internal audit controls, compliance procedures, risk management
   functions. Ensures the integrity of the financial statements, reviews the performance
   of the internal audit function & liaises with the external auditors and regulators.
 

  Remuneration Committee
 
Sets the guidelines for performance evaluation, salary, bonus, managing the bank’s
   compensation arrangement, and decision making for executive management.

 

:: MANAGEMENT COMMITTEES
   

All the below mentioned meetings are chaired by the CEO & the Managing Director.
All the meetings are held on a monthly basis, except for the Senior Management
Committee meeting held on a fortnightly basis and the Senior Credit Committee
meeting which is held once every week.
 

  Senior Management Committee
 
Reviews and monitors progress on strategic initiatives, including regulatory, financial,
   operational and compliance issues.
 

  Asset Liability Committee
 
Sets guidelines for the overall management of the liquidity risk & interest rate risk;
   determines the funding strategy of the bank in order to maximize net interest income at
   minimal risk.
 

  Senior Credit Committee
 
Implements the Credit Policy as authorized by the Board; inclusive of approval of the  
   credit related proposals, renewal of facilities, business services and reviews new credit
   related products.


  Risk Management Committee
 
Oversees the implementation, interpretation and follow up of the risk policy & establishes
   guidelines for all lending activities to promote a sound risk culture within the bank.


  Information Technology Committee
 
Reviews and manages the overall IT strategy, with a focus on the projects under
   implementation and provides a forum for user-IT interface.


  Disclosure Committee
 
Enables the bank in adhering to the disclosure requirements & provides guidelines to be
   followed for the relevant disclosures, required as per regulation.

   

 
      ABOUT US
bulletHistory
bulletShareholders
bulletBoard of Directors
bulletSenior Management
bulletOrganization Chart
bulletBoard Committees
bulletRisk Management
 
 
       NEWS
   
  15th Sep 2011
 
All customers holding FutureBank accounts will receive free SMS Alerts for any financial transaction affecting their account(s).

Read More...

 
  12th May 2011
 
The Central Bank of Bahrain announced the adoption of IBAN (International Bank Account No.) by end of January 2012.

Read More...

 
  02nd Oct 2010
  Futurebank welcomes new Cheif Executive Officer
Read More...

 
   
 
 
Copyright © Futurebank, Bahrain. 2009 All rights reserved.