Financial Statements

Pillar 3 Disclosures

The new Basel Accord (Basel 2) was implemented in the European Union through the Capital Requirements Directive on 1 January 2007. The new framework consists of three ‘pillars’ which are complementary and mutually-reinforcing.

Pillar 3 (market discipline) disclosures provide the reader with information on an institution’s capital structure, capital adequacy, risk management policies and its general risk profile.

Annual Report

The directors present their strategic report together with the audited financial statements for the year ended 31 December 2018.