The primary objective of Asset and Liability Management Committee (ALCO) is to ensure a proper balance in terms of maturity profile, cost and yield, risk exposure etc., between funds mobilised and funds deployed. ALCO seeks to manage risks in order to minimise the volatility of net interest income and protect the long term economic value of the Bank. The Committee also monitors the capital adequacy of the Bank.

Key functions of ALCO include setting pricing guidelines for assets and liabilities, setting limits and managing liquidity risk and interest rate risk, and ensuring that contingency funding plans are in place to avert funding crises. ALCO is composed of the Chief Executive Officer and eight members of management and meets regularly, usually once a month

Memberships

• Mr. Thomas Kadantot | Group General Manager – Treasury and International Banking (Chairman)
• Mr. Michael Kadumbo | Chief Finance Officer
• Ms. Agness Jazza | General Manager, Corporate Banking
• Mr. Ewen Hiwa | Acting Chief Commercial Officer
• Mr. Prince Banda | Head of Risk
• Ms. Zeenat Jussab | Head of Credit
• Mr. Davie Mwenechanya | Head of Treasury
• Mr. Tony Roka | Management Accountant (Secretary)