The Board of Directors of the Bahrain Institute of Banking and Finance (BIBF) has held the fourth general meeting of the year, under the chairmanship of His Excellency Mr. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain (CBB). The BIBF’s Director Dr. Ahmed Abdulhameed Al Shaikh attended the meeting, for discussions on the business framework and updates on various other topics.
The BIBF presented the milestones of all seven centres, whereby many strategic achievements have been delivered to serve the Financial Sector and the government. 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 Board also discussed BIBF’s efforts in closely diagnosing skills and training gaps in the market and filling those gaps with customised training and development solutions, in a proactive manner, leading the industry with thought-leadership topics on the latest trends in Banking, Accounting, FinTech, Cyber Security, Insurance, Leadership & Management, and other professional qualifications.
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’s 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. Ground-breaking is expected to start by the end of this year.
In addition, the BIBF has seen a strong commitment from the banking sector in terms of training uptake, reflecting its excellence and quality, as Bahrain continues to strengthen its position as the financial centre of the Middle East.
The meeting concluded with an appreciation of the executive management, which focuses on enhancing the structure and growth of the BIBF to provide training opportunities to prepare a pool of skilled and talented Bahraini manpower.
The Board of Directors 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.