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GENERAL INFORMATION
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CORPORATE MANAGEMENT
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FINANCIAL INFORMATION
A&T BANK 2013 ANNUAL REPORT
3. To enact regulations and policy guidelines concerning the
operations of the Bank pursuant to its purposes including the
designation of those officers authorised to sign on behalf of
the Bank,
4. To appoint managers, assistant managers, and other
employees, agents, attorneys and representatives of all kinds,
with such duties and authority considered convenient, fixing
in such cases the salaries, allowances, commissions or fees
and to suspend or dismiss any of these,
5. To acquire, transfer, purchase, sell and barter all kinds of
real and personal property, including securities through
agreements considered convenient subject to paragraph 7
of Article 3 hereof; to enter into all manner of contracts and in
particular to borrow monies and to give guarantees or other
security therefore,
6. To bring judicial actions and proceedings of all kinds,
7. To draw up the Bank’s balance sheet and submit it, together
with the annual report on the Bank’s business to the General
Meeting (in accordance with Section 325 and 327 of the
Commercial Law),
8. To fix the date for holding of the ordinary and extraordinary
General Meetings,
9. To propose to the General Meeting the annual amortization
of the Bank’s property, the declaration and payment of
dividends and the allocations to the reserve funds.
The Board will represent the Bank in all its business affairs. The
powers enumerated above shall not be interpreted strictly. The
Board of Directors is invested with all the powers of a general
nature not expressly reserved for the General Meeting by the
law or these Articles of Association.
3-To enact regulations and policy guidelines concerning the
operations of the Bank pursuant to its purposes including the
designation of those officers authorised to sign on behalf of
the Bank,
4-To appoint the General Manager, assistant general
managers, head of inspection, director, managers, assistant
managers, and other employees, agents, attorneys and
representatives of all kinds, with such duties and authority
considered convenient, fixing in such cases the salaries,
allowances, commissions or fees and to suspend or dismiss
any of these,
5-To acquire, transfer, purchase, sell and barter all kinds of
real and personal property, including securities through
agreements considered convenient; to enter into all manner
of contracts and in particular to borrow monies and to give
guarantees or other security therefor,
6-To bring judicial actions and proceedings of all kinds,
7-To draw up the Bank’s balance sheet and submit it, together
with the annual report on the Bank’s business to the General
Meeting,
8-To fix the date for holding of the ordinary and extraordinary
General Meetings, to keep the share register, the resolutions
book of the Board of Directors, the resolutions and minutes
book of the General Meeting, undertake the preparations for
the General Meeting,
9-To propose to the General Meeting the annual amortization
of the Bank’s property, the declaration and payment of
dividends and the allocations to the reserve funds,
10- To set up the relevant committees required by the Banking
Law and other legislation and secure their functioning,
11- To approve or disapprove the annual budget presented by
the executive management.
The powers enumerated above shall not be interpreted strictly.
The Board of Directors is invested with all the powers of a
general nature not expressly reserved for the General Meeting
by the law or these Articles of Association.
The Board is authorized to delegate, in accordance with internal
regulations it will prepare, the administration partly or totally
to one or more than one member of the Board of Directors
(Managing Director).