BIBF’s Board of Directors holds its closing meeting of the year

Sunday, 20 December 2020

The Board of Directors of the Bahrain Institute of Banking & Finance (BIBF) held its closing Board meeting of the year, under the Chairmanship of H.E Mr. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain (CBB) and Chairman of the Board.

The meeting included a number of Board members attending virtually, and attended by the BIBF’s Executive Management, headed by the Director Dr. Ahmed AbdulHameed AlShaikh, for discussions on the strategic way forward for 2021, including business framework and updates on various topics.

The BIBF presented the organisation’s qualifications and learning strategy, and highlighted the value and quality of BIBF’s training programmes that are offered to the financial sector, for upskilling human capital in the Kingdom.

The Board of Directors also discussed BIBF’s milestones to date, which includes the progress of the new building construction, in Bahrain Bay, that is set to provide the best facilities for learners. Construction is expected to be completed by first quarter of next year.

Other topics discussed were the introduction of several programmes on the latest trends in Banking, FinTech, Cyber Security, Insurance, Leadership & Management, Academic offerings and other professional qualifications relevant to the business sector. In addition, the approval of the 2021 budget and the achievements of 2020 were in focus, meanwhile the BIBF has seen a strong commitment from the banking sector in terms of training uptake, reflecting its strong resilience.

The meeting concluded with an appreciation of the new strategic initiatives and direction, which focuses on enhancing the structure and growth of the BIBF to provide training opportunities to prepare a pool of skilled and talented Bahraini workforce, to elevate learning opportunities based on today’s digital era.

The Board 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.