Prudent and ethical handling of assets and property

To ensure long-term success of the NLB Group we have to rationally use assets of each member of the NLB Group, including: property, plant and equipment, technological equipment, intellectual property, financial assets, trademarks and relations with customers and business partners and the reputation of the NLB Group.

Employees must: use office supplies and other resources needed for work reasonably; protect the assets of all NLB Group member companies; comply with the rules regarding the reimbursement of business travel expenses and other work-related costs, including proper reporting and documentation. It is prohibited to handle the assets of the NLB Group unethically.

The employees may not use means of work or other assets for their own personal gain or to the benefit of any third parties. We are obliged to prevent any unauthorised use of assets and sources of a member of the NLB Group for personal benefits of other persons, regardless of whether the assets and/or resources are used voluntarily or due to negligence. 

Protection of intellectual property is an essential element of a successful internal market, since it accelerates innovation and creativity, as well as development of employment and improvement of competition.

The employees of the NLB Group have to promptly ensure that the intellectual property rights are regulated by contract and protected. Intellectual property rights include e.g.: patents, firms, certificates, models, trademarks, geographic markings and copyright and similar rights. The subject of such right may not be commercially exploited without the permission of the member of the NLB Group which holds the rights.

The employees of the NLB Group are obliged to comply with the copyrights and intellectual property of third persons (authors, providers, etc.). Thus we make sure that the copyright work and intellectual property is only used in accordance with the intended purpose or with the owner’s consent. Furthermore, we only use those tools for which the Bank had obtained the relevant licences in our work. 

The primary concern of the NLB Group is to preserve the trust of its customers, business partners, and the society that we operate in. Trust can only be preserved by respecting promises and commitments and by conducting all our business activities with integrity, fairly and ethically as well as in accordance with good business practice.

The employees have a duty to accept a clear responsibility for keeping promises and meeting deadlines, because everyone at the NLB Group is aware that consistent actions and decisions are crucial for preserving the trust in the NLB, the NLB Group and the financial industry in general.

The employees of the NLB Group are obliged to prudently handle the assets and other property of the NLB Group members, to respect internal rules on cost reimbursement and the use of means of work. A good guidance is to handle the property of the NLB Group with equal care and due diligence as own property.

We have to respect the approved budget, guidelines and restrictions on the use of assets or business premises. Strong internal controls in all members of the NLB Group ensure accordingly prudent and diligent handling of property of NLB d.d. and other members of the NLB Group.

How should I act if the superior asks me to adjust figures in financial reports, which would be contrary to the applicable regulations?

It is the responsibility of every employee in the NLB Group to act fairly and consistently. We clearly inform our superior that a request is in violation of regulations. If the warning is not sufficient, the matter is reported to the relevant internal organisational unit via the established channels. Anonymous report and total protection of the whistle-blower is also guaranteed.