Institute of Bankers Pakistan

Summary

The Institute of Bankers Pakistan (IBP), (Urdu: ادارہَ بینکارانِ پاکستان) established in 1951, is Pakistan's premier banking training institute, which aims to develop and groom a cadre of banking and financial services professionals on continuous basis. It is an ISO-9001-2000 Certified Organization. IBP has its head office in Karachi.

The Institute of Bankers Pakistan
ادارہَ بینکارانِ پاکستان
TypeBankers training institute
Established1951
ChairmanAshraf Mehmood Wathra Governor of State Bank of Pakistan
Location,
CampusKarachi Head Office
AffiliationsState Bank of Pakistan
Websitewww.ibp.org.pk

Mission statement IBP edit

"To train and develop a sound human resource base for the financial sector and to work for continuous learning, adaptation and application of knowledge."[1]

Management of the institute edit

The management of the institute rests with the Council, which in effect operates as a board of governors. The governor of the Central Bank, State Bank of Pakistan, is the ex officio president of the institute. The chief executives of major local and foreign commercial banks are members of the Council and are elected by the IBP members for a three years term. The chairman of the Council has the right to nominate one IBP fellow with a distinguished record of performance as member of the Council. The IBP Council designates the chief executive of the institute for a three-year term. The chairman of the Council nominates two vice presidents from amongst the Council members. The Council also nominates following committees to assist IBP in its day-to-day operations:

  • Academic Board
  • Finance Committee
  • Audit Committee
  • Editorial Board
  • Human Resource Committee
  • Building Committee
  • Board of Trustees

Institutional members edit

Sl. No. Name of Institutional Member Sl. No. Name of Institutional Member
1. State Bank of Pakistan 2. Al Baraka Islamic Bank
3. Allied Bank Limited 4. Meezan Bank Limited
5. Askari Bank Limited 6. Bank Al Habib Limited
7. Bank Alfalah Limited 8. Bank of Tokyo-Mitsubishi UFJ Ltd.
9. Citibank N.A. 10. Deutsche Bank AG
11. Dubai Islamic Bank Pakistan Ltd. 12. Faysal Bank Limited
13. First Women Bank Limited 14. Habib Metropolitan Bank Limited
15. Habib Bank Limited 16. House Building Finance Company Limited
17. Industrial Development Bank of Pakistan 18. JS Bank Limited
19. MCB Bank Limited 20. Khushhali Bank
21. National Bank of Pakistan 22. National Investment Trust Limited
23. Pak Oman Microfinance Bank Ltd. 24. Pak-Kuwait Investment Co. (Pvt) Ltd.
25. Pakistan Industrial Credit and Investment Corporation Limited 26. Punjab Provincial Co-operative Bank
27. Saudi Pak Commercial Bank Ltd. 28. Soneri Bank Limited
29. Saudi Pak Industrial & Agricultural Investment Company (Pvt) Ltd. 30. Bank of Khyber
31. Zarai Taraqiati Bank Limited 32. United Bank Limited
33. SME Bank Limited 34. Standard Chartered Bank (Pakistan) Limited
35. The Bank of Punjab

Courses offered edit

IBP Superior Qualification (ISQ) edit

The syllabus of IBP Superior Qualification is in line with that of other banking institutes worldwide. It is a unique qualification in the field of banking in Pakistan. Some courses offered are:

  • Certified General Banker Program (CGBP) : At IBP School, this program was launched to create Potential Bankers for industry. Under the auspicious leadership of the senior management, The IBP School (TIS) aims to educate and train the candidates prior to joining the banking and financial sector as a profession. Certified General Banker Program (CGB) is a recent initiative under this flagship. Through this program, IBP aims to train the youth about banking procedures and technicalities involved while performing a task.

Both theoretical and practical methodologies would be used to provide the candidate with optimum knowledge prior to choosing the banking or financial industry as a career. Highly skilled and trained employees would be readily available for banks to choose from the job market.

The curriculum of CGB has been developed after a thorough research by IBP, under the supervision and guidance of the experience bankers and qualified trainers. This program has the support of the entire banking and financial sector which adds value to the qualification itself. Moreover, CGB opens new door of countless opportunities for candidates who wish to proceed with their career in banking.

  • Junior Associateship of IBP (JAIBP): The existing Banking Diploma (DAIBP) has been replaced with a high value qualification of Junior Associates of IBP (JAIBP). In JAIBP, the student is required to clear all the subjects of Stage I, II and III with one specialized subject. Business communication, accounting, macro economics, information technology, human resource management, monetary economics, management accounting and such other subjects are included in the Junior Associateship.
  • Associateship of IBP (AIBP): Associateship of IBP is awarded to those who have completed all the subjects of JAIBP/DAIBP, have at least 3 years of experience in the financial sector, have a record of 'continual professional development' (CPD) during the 3 years, and have passed 5 additional subjects, including corporate and banking laws, advance risk management, financial planning and budgeting, and such other subjects.
  • Fellowship of IBP (FIBP): Fellowship of IBP is awarded to those who have earned Associateship of IBP, possess at least 5 years of experience after completion of Associateship in the financial sector, have a record of 'continual professional development' (CPD) during the 5 years, and have passed 2 core subjects, including strategic management and risk management.[1]

MBA Banking and Finance edit

IBP offers MBA Banking and Finance program in line with the requirements of the financial sector with greater emphasis on relevant and applied curriculum. The structure of the program and the curriculum is based on the requirements of the banking & financial sector. The program including 4-month supervised internship is of 2 years duration. The trainers are from the fields of Banking, Finance, Academia and Consultancy.[2]

Advisory and consultancy services edit

IBP also provides advisory and consultancy services to the financial institutions in Pakistan. The domain for these services is broad, however, initially these consultancy services include developing Banking Operational Manuals, Guidelines, Reports and Presentations covering all banking related subjects including Risk Management, Anti-Money Laundering, Corporate Governance, Lending Operations, SME Finance, Micro Finance and all the other products and services of financial services sector.[3]

Publication edit

Since 1956, IBP has been publishing a journal namely Journal of IBP. It is a quarterly publication which covers original articles on critical issues in banking and finance. Around 12,000 copies are published and circulated locally as well as internationally.[4]

See also edit

Notes edit

  1. ^ "ISQ-Rules-2007". Archived from the original on 2008-06-16. Retrieved 2008-06-29.
  2. ^ "Institute of Bankers Pakistan". Archived from the original on 2008-06-30. Retrieved 2008-06-29.
  3. ^ "Institute of Bankers Pakistan". Archived from the original on 2008-07-05. Retrieved 2008-06-29.
  4. ^ "Institute of Bankers Pakistan". Archived from the original on 2008-07-02. Retrieved 2008-06-29.

External links edit

  • The Official Website of IBP
  • IBP Origin
  • The Pak Banker
  • International Finance Corporation