First Atlantic Bank (FAB) Ghana Limited is committed to ensuring the security and resilience of its business in the face of unwanted events, business disruptions or disasters and has implemented a Business Continuity Management System (BCMS) that is compliant with the applicable requirements of ISO 22301:2019, the international standard for business continuity.
Information is an important business asset of significant value to the Bank and needs to be protected from threats that could potentially disrupt business continuity. The overall objective of the Business Continuity Management System (BCMS) is to fully and reliably ensure continued banking operations and associated services in a manner that maintains adequate standards of Confidentiality, Integrity and Availability.
The Board and Management of First Atlantic Bank are committed to satisfying all applicable requirements regarding business continuity and to continual improvement of the BCMS through the implementation of the business continuity policy and provisioning of adequate resources needed to establish, maintain and improve the Business Continuity Management System.
Specific procedures to be adopted during a disaster to protect staff, assets, essential activities and enable the continuation of essential services can be found in our Business Continuity Plans, Disaster Recovery Plan, and Incident Response Procedures, which are accessible to all staff.
To drive continual improvement, FAB has set achievable objectives for the Business Continuity Management System in line with the business strategy, which is communicated to all relevant stakeholders and is regularly monitored, updated, measured and maintained to ensure its goals are met.
This Business Continuity Policy statement is available in both paper and electronic form and is communicated within the Bank and available to relevant interested parties, as appropriate.
2.0. Business Continuity Management System Objectives:
Based on the requirements and factors set out in this document, the following objectives are set for BCMS:
1. Protect all staff, customers, critical services and assets when a disruption to business operations occurs.
2. Ensure that 100% of critical business processes and services are recovered within the established organisational thresholds.
3. Build and improve business continuity awareness among the organisation by 90%.
4. Enhance the capacity of the IT Infrastructure systems to achieve a seamless failover during a disruption by the end of 2024.