Risk and Crisis Management

Commitment
 
To effectively manage all material risks, including ESG risks, and instill a risk culture throughout the Bank to support its resiliency to crises and to achieve sustainable growth.
 
Materiality
 
Thailand currently faces significant domestic and international risk factors across economic, social and environmental dimensions that may directly and indirectly impact the Bank. These include the middle-income trap, high household debt, aging society, environmental problems, natural disasters and geopolitical tensions. Therefore, risk and crisis management is fundamental to preventing and mitigating negative impacts on the Bank and our stakeholders. An effective risk management system not only builds confidence among stakeholders but also enables us to identify opportunities hidden within risks. We prioritize prudent and comprehensive risk management to ensure we can address key risk factors appropriately and in a timely manner. Policies, governance structures and risk management frameworks have been established to cover all significant risks, including environmental and climate change risks. Business continuity plans are in place, risk management processes are regularly reviewed and a risk-aware culture is cultivated within the organization.