The Bahrain Institute of Banking and Finance (BIBF), the region’s leading provider of banking and financial training, has signed a Memorandum of Understanding (MoU) with the Institute of Banking and Financial Training and Studies (IBFTS) in Libya. The partnership aims to strengthen cooperation in education, training, and capacity building across the financial services sector in both countries.

Strengthening Regional Collaboration in Financial Education

The MoU was signed by Dr. Ahmed Al Shaikh, Chief Executive Officer of the BIBF, and Mr. Ahmed Othman, General Manager of the IBFTS, in the presence of senior officials from both institutions.

Through this strategic partnership, both organisations will work together to:

• Develop and deliver joint training programmes that meet the changing needs of the banking and finance industry.
• Facilitate the exchange of expertise, research, and best practices in professional education.
• Create opportunities for student and staff exchanges, workshops, and joint conferences.

Leadership Remarks on the Partnership

Commenting on the signing, Dr. Ahmed Al Shaikh said:

“This MoU highlights our commitment to promoting regional cooperation in financial education and professional development. By working closely with IBFTS, we aim to prepare banking professionals who will drive the growth and innovation of the financial sector in both Bahrain and Libya.”

From the Libyan side, Mr. Ahmed Othman added:

“We are proud to partner with the BIBF, one of the most respected financial training institutions in the region. This collaboration will give our students and professionals access to global expertise, modern learning programmes, and valuable opportunities for knowledge exchange.”

Advancing Human Capital Development Across the Region

This agreement reinforces the BIBF’s mission to expand its regional and international partnerships. Moreover, it supports the Sustainable Development Goals (SDGs) through education and human capital development.

As a result, the BIBF continues to play a vital role in promoting financial literacy, professional excellence, and capacity building across the Middle East and North Africa.