Code of Ethics

Each individual has the responsibility to adhere to the following obligations:

1. Compliance with laws, rules, and regulations: All employees must abide by applicable laws, rules, and regulations governing their respective roles and activities within the organization.
2. Acting in the best interest of the organization: No senior financial officer should pursue personal interests in their decision-making processes that would be detrimental to the organization or exploit business opportunities intended for the organization for personal gain.
3. Conflict of interest avoidance: Employees must strive to prevent situations that present or could lead to conflicts of interest between personal and professional relationships. Actual and apparent conflicts of interest should be addressed ethically and transparently.
4. Prohibition of bribery and corruption: Employees must not demand or accept payments or other advantages from third parties for themselves or others, nor grant third parties unlawful advantages in connection with their work.
5. Ensuring accurate financial reporting and disclosure: Employees must fulfill legal requirements and adhere to organizational policies regarding financial statements, public disclosures, and communications. This ensures that investors and regulators receive comprehensive, fair, accurate, timely, and understandable information about the organization's financial condition and operational results.
6. Embracing responsible banking: Our corporate responsibility initiatives center on the concept of 'responsible banking', which entails acting fairly, ethically, and with integrity in all our activities. As we expand internationally, we acknowledge and embrace the responsibility that comes with it.
7. Upholding governance, controls, and compliance: We believe that adhering to best practice governance, controls, and compliance is essential. We are committed to operating with the highest standards of integrity and honesty to ensure that customers can trust us with their business. Recognizing the detrimental effects of bribery and corruption on communities, we enforce best practices in addressing these issues.
8. Signatory authority: Each executive director holds the authority to bind the bank with a sole signature for amounts up to 25,000 Euros or its equivalent in another currency. For amounts up to 250,000 Euros or its equivalent in any other currency, the signatures of two executive directors are required. For amounts exceeding 250,000 Euros, the president's signature is mandatory.

Our code of ethics serves as a guiding framework for ethical conduct and decision-making within our organization, fostering a culture of trust, integrity, and responsibility.

If you want to discuss any compliance issue, please get in contact with our director Sudais Asif.