We believe that compliance is the responsibility of all staff and it is also reflected in on how we conduct our work. We are committed to comply with the laws, regulations as well as our internal standards such as Code of Ethics. We ensure that compliance is embedded in Bank’s processes out of care for our stakeholders and to protect our activities.
Key component of our compliance framework lies in the following approved policies:
Our ability to do what is right not what is allowed is an instrumental factor in our integrity and reputation. We expect all our employees, officers and directors to act in accordance with the highest professional and ethical standards. You can read our Code of Ethics here:Code of Ethics
The exchange of gifts and benefits between the bank and its stakeholders is normal in the course of business but may appear improper even if there was no unethical intent. We are committed on doing business on merits, not on gifts or offers we give or receive. While accepting or giving gifts we follow 5 principles:
You can read our Gift Guidelines here:Gift Guidelines
Several securities law prohibit the purchase or sale of securities by persons who are aware of material non-public information about a company, as well as the disclosure of material non-public information about a company to others who then trade in the company’s securities.
You may read more on material non-public information here:
At uab bank, we have fiduciary obligation towards our clients and our shareholders to act in their best interest. This means we avoid and address through controls, disclosures or other appropriate steps actual or potential or perceived conflicts of interest.
You can read our Conflict of Interest Policy here:
Our Anti-Money Laundering Policy and related procedures are designed to comply with all applicable laws and regulations related to money laundering, terrorist financing, financial crime, and international sanctions. The Policy applies to all units of the Bank and our subsidiary company irrespective of their location whereas the procedure is specifically designed for the Bank.
You can read our Anti-Money Laundering Policy here:
We adopt rigorous security protocols, checks and policies to ensure all customer data are kept confidential and secure.
You can find more about our privacy practices here:
This policy is in line with our values and the Code of Ethics. The policy also aims to promote standards of professional and ethical conduct, organizational accountability and individual responsibility by encouraging stakeholders to report violations in a responsible and ethical manner.
You can find more on the topic here:
Related party transactions can present a potential or actual conflict of interest which may be against the best interest of the company and its shareholders. In light of above, uab bank has formulated and implemented policy of related party transactions. You can read more here:Policy on Related Party Transactions
We take a zero-tolerance approach to bribery and corruption and are committed to act professionally, fairly and with integrity in all our business dealings and relationship. In ensuring this, we have introduced various initiatives as an adequate measure to combat corruption and to safeguard our interest and interest of stakeholders. You can read more here:Anti Bribery and Corruption Policy
A. The Bank’s policy on dividend is set out in the Dividend Policy.
B. Distribution of Dividend 2019 In order to bolster its capital structure, ensure its capital adequacy and have better alignment with international practices, the Bank decided to retain entirety of year’s earnings available for distribution. You can read more here:
At uab bank, we only undertake activities where the bank is satisfied that a particular product or service is appropriate and suitable for a particular customer.
You can read more on our product principles here:
uab bank supports the principle of fairness and non-discrimination, and aims to treat individuals with dignity and respect, free from unlawful and unethical discrimination. In particular, it aims not to discriminate on race, religion, sex, sexual orientation, gender identity, national origin, marital status, age or disability; rather it aims to build a workforce that is based on meritocracy.
This policy sets out uab bank’s position on equal opportunity in all aspects of its employment including recruitment, training, conditions of service, application of policies and promotion.
As an equal opportunity employer, uab bank is committed to providing a work environment that is professional and free from intimidation, hostility, humiliation, bullying, mobbing or other offenses which might interfere with work performance.
If such harassment occurs on the Bank’s premises or is directed toward an employee or persons referred to, the procedures in this policy will apply.
You can read our Anti-harassment Policy here:
So far as is reasonably practicable, the Bank will endeavour to reduce the potential for risk to the health, safety and security of individuals working and visitors to the Bank’s premises and offices.
The Policy applies to individuals working, training or present at branches, retail outlets, Zone Office and Head Office and those who are not present on Bank Premises but are working on behalf of the Bank elsewhere.
You can read our Health & Safety Policy here:
Reporting and processes of incidences, complaints, and breach of policy & procedures:
To monitor compliance, a reporting structure is in place to report incidences, complaints and breach of policy & procedure as follows:
Each incident raised through the above will be reported through the Incident Reporting mechanism.