Compliance
Commitment to ethical business
SID Bank is committed to maintaining high standards of operations, with compliance playing a central role in our business model. We are aware that a culture of compliance and integrity among employees are key to long-term success, effective risk management and maintaining the bank's reputation. Our vision is based on operating in accordance with the highest ethical standards, applicable regulations, good practices and internal rules, which enables us to operate responsibly and support the values of SID Bank.
Risk mitigation and establishment of reporting channels
In order to reduce risks in the bank or in the bank's operations and to improve the protection of the bank's assets and reputation and employees, SID banka has established systems that enable the reporting of detected irregularities to both employees and other stakeholders of the bank.
They are handled by the Compliance Department, which is responsible for ensuring that all reports of suspected violations/complaints received are dealt with as soon as possible, with care, professionalism, confidentiality and in accordance with internal rules and standards of good practice.
Culture of compliance
At SID Banka, we believe that responsible corporate governance goes beyond mere compliance with laws, regulations and professional standards.
That is why we strive to constantly build and upgrade a culture of compliance, following the best practices in this area. All our employees strive to behave in a way that reflects this culture, and the bank's management sets an example of how to apply these guidelines to their daily operations.
Code
SID Banka has adopted the Code of Ethical Values and Professional Standards, which is the basis for the ethical conduct of all employees and persons working on its behalf and sets out the principles that must be taken into account in our daily interactions with stakeholders.
The Code obliges employees to maintain high standards of business practice, zero tolerance for fraud, respect for professional ethics, integrity and transparency, which are key elements of our business.