Caution

If you receive any calls (except from BoB Contact Center when you have lodged a concern with them +975 2 349903), SMS and Email asking for personal details such as Account number or ATM Card number, please do not share. Bank of Bhutan will never ask for personal details of clients. It’s all spam.

Home Bank of Bhutan Corporate Governance

Corporate Governance

Our vision is “To be the nation’s premier financial institution”, the fundamental requirement to achieve our vision is to portray highest professional standards and render our services with due diligence and integrity. The bank’s code of business is guided by its core values expressed as I-CARE.

AML/CFT REPORTING

The bank has developed the disclosure in compliance with its AML/CFT policies and procedures, and in adherence with the Global initiatives in the fight against Money Laundering and Financing of Terrorists which are driven from the Financial Action Task Force “FATF” recommendations and Wolfsberg Principles.

The bank is committed to complying with Laws (including applicable financial crime compliance laws and regulations such as those related to anti money laundering), sanctions including United Nation Security Council and tax information reporting Laws (such as the Foreign Account Tax Compliance Act) in all jurisdictions in which the Bank operates.

BUSINESS INTEGRITY POLICY

CORPORATE GOVERNANCE FAQ’S

How are directors compensated?

The general remuneration for the board related functions shall include:

  • Sitting fee to board of directors for attending board meetings and compensation for board or board committee activities;
  • Reimbursement of other expenses to the board of directors related to their participation in board meetings, committee meetings and participation in professional development programmes;

What is the level of management ownership?

The Druk Holding & Investment owns the bank with 80% share and 20% by the State Bank of India. The management ownership is nil, they are paid a monthly salary for their service.