Français/English - Arab Banking Corporation, ALGERIA

Financial Statements 2012
The Senior Management constantly ensures compliance with the reporting deadlines to the Bank of Algeria.
Risks related to money laundering and the financing of terrorism:
As part of an international banking group, in 2001 ABC Algerian set up a unit which is responsible for fighting against money laundering
and the financing of terrorism. This unit has developed over the years to become today a structure in its own right, headed up by the
Compliance Department and incorporated into the internal control framework.
The Bank, taking inspiration from what is practised within the Group, has built its entire anti-money laundering policy on the «AML
Procedures and Policy Manual» which defines the Bank’s policy and procedures in this respect.
Risks related to technical and operational security:
– Unauthorised intrusions: this parameter is taken into consideration by the Bank by putting in place a remote sur¬veillance system
(cameras);
– Damaging of equipment and systems: To deal with this eventuality, the Bank has back-up solutions for all these systems; the main site
is based in Bir Mourad Rais and the back-up site is in Dely Brahim. Both sites are synchronised daily. These back-ups are saved on a daily
basis.
– Loss of connections and links: This is controlled by the introduction of back-up links, specialised lines, etc.
8. Compensation and benefits given to staff
a. Staff expenses
Rubrique
DZD thousands
Compensation and salaries 363 615
Social security contributions / compensation 107 718
Profit sharing 147 409
Paid leave 31 561
Miscellaneous indemnities 19 996
Meal allowances 25 510
Staff benefits 4 492
Contribution to social welfare 17 444
Vehicle compensation 14 680
Miscellaneous benefits 18 223
Social security contributions / Paid leave 8 206
Travel benefits 6 401
Cashier allowance 3 051
Permanent service indemnity 970
Other benefits 221
Total 769 498
b. Social commitments
– The Bank has a convention with an insurance company in addition to the social security system.
– It offers lump-sum bonuses for family events (marriage of an employee, circumcision of an employee’s son, death of a direct family
member) and the insurance company also gives a death capital of DZD1,000,000 to heirs further to the death of an employee.
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