The Board of Directors of the Bahrain Institute of Banking & Finance (BIBF) held its second 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 BIBF’s Executive Management attended the meeting, which also included a number of Board members attending virtually, and attended by the Director Dr. Ahmed AbdulHameed AbdulGhani AlShaikh, for discussions on the strategic way forward 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 Management highlighted an increase in the overall enrolment for financial services training programmes, reflecting a rise in the number of Bahraini employees getting the necessary speciality training.
The Board of Directors also discussed BIBF’s milestones to date, which includes the launch of the new building construction project, in Bahrain Bay, with a 25,000 square meter area, to provide the best facilities for learners. Construction is expected to be completed by the end of the 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.
The BIBF works closely with the Banking and Financial sector to address training gaps and business requirements, and thus provide specialised training solutions to bridge these gaps.
The Institute has always been proactive in raising intellectual topics through initiatives covering the latest trends and topics in Banking, Financial Technology (FinTech), cybersecurity, insurance, leadership and management, academic certificates, and other professional qualifications.
In addition, 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.