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POLICY ON DISCLOSURE OF INFORMATION 

This policy states out the reports and information that the FULM Savings House (hereinafter referred to as “the Savings House”) is obliged to announce publicly, as well as the mode, form and deadlines of their publishing.

The information that the Savings House is obliged to announce publicly, in accordance with this Policy must be accurate and timely with the intention that it represents a basis to the customers (public) for making appropriate financial decisions.

ТYPE OF INFORMATION THAT THE SAVINGS HOUSE DISCLOSES

The information that the Savings House announces publicly is the following:

(1) information on operation;
(2) information on the height of the own capital and capital adequacy;
(3) systems information and process of risk management;
(4) information on the annual rates of total costs;
(5) copy of the Decision, issued by the Governor of the National Bank of the Republic of Macedonia, for License for establishing and operating of the Savings House ;
(6) lists of deposits;
(7) decision on the deposit interest rates;
(8) decision on the terms under which loans are approved to individuals;
(9) FULM Savings House’s fee.

MODE AND FORM OF INFORMATION DISCLOSURE

According to this Policy, the Savings House is obliged to announce publicly the information from points 1, 2, 3, 4, 5 in Macedonian language on its internet page. Besides the information announced publicly on the internet page, the information from points 4, 5, 6, 7, 8, 9 should be announced publicly on a bulletin board in every branch and desk office. The Savings House is obliged to state the date of the announcing of the information on the internet page. In case of correction of the published information performed by the Savings House, the Savings House is obliged to state the date of the performed corrections. 

The Savings House is obliged to announce publicly the information prescribed by this Policy in Macedonian language in report form. 

RATE OF RECURRENCE AND CLOSING DATES FOR INFORMATION DISCLOSURE

The Savings House is obliged to announce publicly the information on operation, the height of the own capital and capital adequacy and the annual rates of total costs at least on half year period, while the information on systems information and process of risk management at least once a year. The lists of deposits should be announced on monthly basis at every branch and desk office. The Decision on the terms under which deposits are gathered, the Decision on the terms under which loans are approved to individuals and the FULM Savings House’s fee should be announced whenever they are subject to alteration or correction. 

The information referring to the state at end of the year (31.12.) should be announced publicly on the Savings House internet page not later than 15.05 of the current year for the previous fiscal year. Information referring to the state at half-term (30.06) should be announced publicly on the Savings House internet page not later than 31.07 of the current year. The lists of deposits, the Decision on the terms under which deposits are gathered, the Decision on the terms under which loans are approved to individuals and the FULM Savings House’s fee should be announced no later than 3 days form the date of adoption of alteration or correction