The Bank conducts all activities in an ethical manner, with a particular emphasis placed on compliance with applicable laws, as well as on the principles of corporate social responsibility and transparency.
Until 2020, the Code of Ethics of BGK was in effect, which in particular covered the gift policy, the policy on management of conflicts of interest, reporting breaches, preventing corruption and fraud, and relationship marketing. In 2021, we adopted a new Code of Ethics of BGK, which continues to refer to issues related to the gift policy, the policy on management of conflicts of interest, reporting breaches, preventing corruption and fraud, and relationship marketing. In addition, issues related to accepting and giving gifts and managing conflicts of interest have been addressed in detail in the relevant Policies. The Code and the Conflict of Interest Management Policy are published on the Bank’s website.
The Code of Ethics applies to all the Bank’s employees, regardless of their job title. In addition, the Bank has internal regulations which provide detailed rules on the breach reporting system.
All BGK’s employees are subject to mandatory annual training in ethics, completed by a test. Initiatives to build a culture of ethics in the organisation are undertaken, e.g. an ethical awareness survey for employees and a number of activities promoting ethical issues (e.g. publication of expert texts) are carried out. Ethics is also included in the onboarding training of new employees.
The Bank also conducted an assessment of compliance with ethical principles in 2021, which took into account, among other things, issues related to gift policy, conflict of interest, diversity policy, work culture, reporting breaches, and social responsibility. The Bank was assessed positively in that area.
In addition, a survey on knowledge of internal regulations regarding ethical issues was conducted among representatives of selected units in the Bank. In their self-assessment, the respondents indicated a very good or good knowledge of these regulations among the employees of a given unit.
In 2021, no legal action was taken against BGK for anti-competitive behaviour or monopoly practices.