The Institute of Bankers, Bangladesh
| Abbreviation | IBB |
|---|---|
| Formation | 6 February 1973 |
| Type | National Professional Banking Body |
| Purpose | To develop competent and skilled professionals in banking and financial sector |
Professional title | JAIBB, AIBB |
| Headquarters | Purana Paltan, Dhaka, Bangladesh |
| Location | |
Region served | Bangladesh |
President | Governor (Bangladesh Bank) |
Secretary General | Laila Bilkis Ara |
| Website | online |
The Institute of Bankers, Bangladesh (IBB) is a professional body of banks and financial institutions in Bangladesh. It is managed as an autonomous professional body under supervision of Bangladesh Bank.[1]
History[edit]
Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660).[2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh. The main objective of the body is to develop professionally qualified and competent bankers primarily through a process of training, examinations and professional development programs.[3]
On 8 February 2023, Bangladesh Bank has issued a circular stating that passing banking professional examination both parts (JAIBB & AIBB) is mandatory from 1 January 2024 for all bankers to get promoted to any higher grade from senior officer except managing director.[4][5][3] However, many bankers, finance professionals, economists and related personnel expressed mixed reactions to the new circular. Most stated that criteria mandatory diploma pass for getting promotion will rises discriminatory.[6][7]
Functions[edit]
IBB arranges two-tier banking professional examination for the professionals in banking and financial sector in the country.[5][4] Applicants have to appear in the Part-I examination, officially named as JAIBB (Junior Associate of the Institute of Bankers, Bangladesh) where every applicant have to pass six compulsory courses. The courses include: Monetary and Financial System, Governance in Financial Institutions, Principles of Economics, Laws and Practice of General Banking, Organization & Management Business Communication in Financial Institutions. After completing Part-I, applicants have to appear in the Part-II examination, officially named as AIBB (Associate of the Institute of Bankers, Bangladesh) where every applicant have to pass five compulsory courses named Risk Management in Financial Institutions, Credit Operations and Management, Trade Finance and Foreign Exchange, Information and Communication Technology in Financial Institutions, Treasury Management in Financial Institutions and one optional course from eight choices named Accounting for Financial Institutions, Agriculture & Microfinance, Sustainable Finance, Shariah Based Banking, Investment Banking, Management Accounting, Marketing and Branding in Financial Services, Financial Crime and Compliance.[8] After completing every part, every applicant is awarded with a certificate.
Governing body[edit]
A council or parishad governs the institute. The president of the council is the governor of Bangladesh Bank. Besides, a general secretary is responsible for the overall management of the organization. Currently, Laila Bilkis Ara is serving as the secretary general of the institution.[9] A secretary is also appointed for management of the institution.
Membership[edit]
Generally, the representatives of banks and financial institutions working in Bangladesh are members of the institute. However, the council or parishad has the solo right to elect new member and remove existing members.[10]
See also[edit]
- Bangladesh Institute of Bank Management
- The Institute of Chartered Accountants of Bangladesh
- Bangladesh Association of Banks
References[edit]
- ^ "The Institute of Bankers, Bangladesh". Retrieved 2023-02-12.
- ^ "The Institute of Bankers, Bangladesh » Activities". Retrieved 2023-02-13.
- ^ a b "Banking diploma must to become senior officer: Bangladesh Bank". Prothom Alo. Retrieved 2023-02-13.
- ^ a b "Banking diploma must for bank officers' promotion". New Age. Retrieved 2023-02-12.
- ^ a b "Banking diploma made mandatory for bankers' promotion". The Daily Star. 2023-02-08. Retrieved 2023-02-13.
- ^ "Mixed reactions as diploma made mandatory for promotion of bankers". The Business Standard. 2023-02-08. Retrieved 2023-02-13.
- ^ Uddin, AKM Zamir (2023-02-12). "'Rules on compulsory diploma discriminatory'". The Daily Star. Retrieved 2023-02-13.
- ^ "The Institute of Bankers, Bangladesh » Regulation & Syllabus". Retrieved 2023-02-13.
- ^ IBB, The Institute of Bankers, Bangladesh. "List of Secretary Generals of the Institute" (PDF). www.ibb.org.bd.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "The Institute of Bankers, Bangladesh » Membership". Retrieved 2023-02-12.