During the year 2015/2016, the Institute of Banking Studies (IBS) proceeded with implementing its board-approved training plan. On top of its priority list was to totally upgrade the IBS business model, enabling it to expand its services and beneficiary base, while providing better services.
The IBS has been able to deliver its services to several entities other than the contributing banks through contractual programs, in addition to the participation of a number of trainees from different sectors in the public programs and activities offered by the IBS as part of its annual plan.
The year 2015/2016 witnessed numerous achievements, mainly the accreditation of ifs University College, UK (currently known as The London Institute of Banking and Finance – LIBF) for three professional certificates offered by the IBS: Certificate of Kuwaiti Graduates Development Program (KGDP), Advanced Certificate in Credit Management (ACCM), and Risk Management Certificate (RMC), as well as the renewal of the accreditation for three other certificates: Certificate in Credit Management (CCM), Certified Bank Branch Manager (CBBM), and Certified Assistant Bank Branch Manager (CABBM).
The IBS received the IQUAD Learning 2016 – Technology Blend Award, featuring the spearhead in the field of e-learning for the year 2016, in addition to providing its customers with advanced services such as the new database “Bayanati” which provides online financial statements of banks and companies, as well as the electronic examination system for English Language placement tests.
An initiative by the Central Bank of Kuwait and Kuwaiti Banks, and for the second consecutive year, the IBS has provided the annual scholarship program for Kuwaiti graduates, to obtain postgraduate qualifications from the world’s best universities according to global ratings in this discipline. This initiative offers Masters’ Degree level MBA /MSc scholarships for Kuwaiti graduates to pursue their education in Finance, Economics, Accounting and Business. The IBS implements, monitors and supervises this program, in addition to its cooperation with the Manpower and Government Restructuring Program (MGRP) to conduct training programs for Kuwaiti university graduates to prepare them to work in the banking sector.
For the seventh consecutive year, IBS has continued to collaborate with Harvard Business School, USA to present an executive education program for banking and finance executives in the GCC region. This year’s program title was “Leading Strategy Execution in Financial services”. The IBS also continued to offer professional certificates accredited internationally.
Following the success of leadership seminars presented over the past years, the IBS offered two seminars during 2015-2016, the first entitled “MOXIE: The Secret to Bold and Gutsy Leadership” was presented by the well-known speaker John Baldoni, and the second entitled “The Fred Factor: How Passion Can Turn the Ordinary into the Extraordinary” was presented by the international speaker Mark Sanborn. In addition, IBS continued to run activities at the regional and international levels.
During 2016/2017, the IBS will continue to upgrade its programs and activities in order to meet the human resources development needs in the Kuwaiti banking and finance sectors, as well as all other institutions and sectors in the country. In doing so, the IBS is keen to adopt the world’s best competitive standards, thus contributing to the development and prosperity of the economy and banking industry in the State of Kuwait.
Prof. Yaqoub S. Y. Alrefaei