The main responsibilities of the Audit Committee are the following: effectiveness of the Internal Control System, both on a stand-alone and Group-wide level according to the relevant information provided by the Group's Division of Internal Audit; 2. to supervise and evaluate the compilation process of the published annual and interim financial statements of the Group, the Bank and its subsidiaries; 3. to supervise the company of the external chartered auditors and check the annual and interim financial statements of the Bank the Group and moreover to cooperate with them on a regular basis; 52 Sustainable Development Report 2017 4. to submit proposals to the BoD for the selection of the company chartered auditors.