The Managing Board and all other staff of Midfinance Bank including its branches, liaison offices and subsidiaries (hereinafter collectively ‘Midfinance Bank’) endeavour to maintain a company culture and business strategy whereby Midfinance Bank’s core values and standards of professional conduct are maintained at every business level and within all its activities. These standards include national, international and European legislation, regulations issued by the relevant local (supervisory) authorities, generally accepted business standards and Midfinance Bank’s own internal regulations (including ethical standards) . Midfinance Bank will not accept nor condone activities or behaviour that will or might in any way conflict with any of its core values and standards. As such, Midfinance Bank is committed to fighting any fraudulent activity as well as fostering a culture in which corruption is never considered acceptable.

Midfinance Bank NV has a centralized risk-management structure, which includes:

• central policies applicable to the whole group;
• a clear division of tasks and responsibilities;
• clear reporting lines; and,
• control measures at group and local level.

Our dedication to improving end-to-end risk-management framework is based on the following drivers: ensuring the Bank’s rapid and solid growth, meeting the increasing number of regulations on risk management, keeping pace with the ever-changing nature of risk management and, most importantly, our desire to enhance our risk-management capabilities beyond regulatory requirements. The Internal Capital Adequacy Assessment Process (ICAAP) forms the core of Midfinance Bank's risk-management framework, under which all material risks are assessed and the Bank’s capital adequacy as well as its entire risk-management structure is tested. Midfinance Bank aims to provide market participants with information allowing a better assessment of its risk profile and capital adequacy. Pillar 3 information - complimentary to the publicly available financial reports - is also available as a separate publication under the tab 'Financials' on this website.