The Board of Directors of Bahrain Institute of Banking and Finance (BIBF) convened for the final general meeting of the year, under the chairmanship of His Excellency Mr. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain (CBB) and Chairman of the Board. The BIBF Director Dr. Ahmed Abdulhameed Al Shaikh attended the meetings, for the presentation of financial results of 2018, discussions on the business framework and updates on various other topics.
The BIBF presented the milestones of the Institutes learning centres, whereby many strategic achievements are delivered this year to serve the financial sector. The value and quality of BIBF’s training programmes were highlighted, which are offered to the financial sector, for upskilling human capital in the workforce.
The BIBF has been closely diagnosing training needs and skills gap in the market and filling those gaps with customised training and development solutions, in a proactive manner, leading the industry as thought-leaders on the latest trends and emerging technologies in the financial sector, such as Blockchain, Cloud Computing, FinTech, Cybersecurity, amongst other trends.
The Management highlighted the increase in the overall enrolment for financial services training programmes, reflecting a rise in the number of Bahraini employees getting the necessary training.
The BIBF Board of Directors have also discussed plans for the new building infrastructure with construction planned in Bahrain Bay, with a 23,000 square meter area, to provide the best facilities for learners. Groundbreaking is expected to start next year.
The Board of Directors also stressed on the importance of training and human capital development in the financial market sector as a strategic objective of the BIBF to support the progression of markets in the Kingdom of Bahrain, consequently forming a strong, sustainable and balanced framework for the future of the national economy.
The meeting concluded with a focus on enhancing the structure and growth of the BIBF to provide training opportunities to prepare a pool of skilled and talented Bahraini manpower.