Corporate Governance Framework
Our Corporate Governance framework reflects our commitment to the highest level of transparency, integrity and accountability and helps in disseminating a strong governance culture within the Bank.

Our governance structure includes the General Assembly (shareholders); the Board of Directors; the various committees; the Chairman; the Deputy Chairman; control functions; the external auditors; senior management and the business and support functions.

Our Board of Directors consists in its majority of non-executive members. This composition aims to safeguard the governance and effectiveness of the Board and to ensure the objective of adding value to all shareholders, investors, clients and community in the short, medium and long terms.

Managing Risk

Our Board acknowledges that one of its primary objectives is to explicitly enforce the collective oversight and risk governance responsibilities. Key components of risk governance include Risk Culture, Risk Appetite and their relationship to the Bank’s Risk Capacity (i.e. the absolute risk bearing capacity of the Bank); as well as, the overall checks and balances.

In that respect, Fransabank faces a broad range of risks including those resulting from its core activities, mainly customers’ deposit taking, lending and running of complex payment and IT systems to support its day-to-day operational activities.

The risk management framework seeks to ensure that there is an effective process in place to manage risks across the Bank.


Responsible behavior is a precondition for creating long-term value in our business. Fransabank has several policies to ensure that we conduct our business in accordance with the laws and regulations of the countries where we operate and that we follow international guidelines and recognized principles for ethical behavior.

Fransabank’s anti-money laundering policy includes procedures for customer due diligence, reporting, record keeping, internal controls, risk management and communications that are intended to prevent illegal activities. We have specific policies on dealing with corruption and preventing money laundering.

Code of Conduct

The Code of Conduct helps Fransabank employees make decisions about customers, suppliers and the authorities. It sets forth general guidelines on how to behave in a number of areas, including inside information and conflicts of interest. The Bank’s Code of Conduct defines the behavior that is expected from all members of the Bank.

The objective of Fransabank Code of Conduct is to ensure that all employees have the same high level of knowledge about the rules and regulations that apply to our business. All Fransabank employees are obligated by our Code of Conduct to report any suspicion or knowledge of breaches of the Group’s policies or any other unethical or unlawful behavior to the head of the Compliance.

Information Security

Information security is a vital part of Fransabank strong governance framework. Our security awareness program is mandatory for all employees since our business is based upon trust. Digital information is valuable and must be protected.

Fransabank’s strategy with respect to security is to always upgrade its security infrastructure with the evolving technology. This provides assurance to all stakeholders (specifically the customers) that the data and services are duly protected and constantly available.