The Institute of Bankers Pakistan (IBP) was established in 1951, with a vision to contribute towards the technical training and development of competent human resource for the banking industry of Pakistan. Formed in collaboration with the Institute of Bankers, UK, to facilitate the financial and banking sector with skilled workforce, IBP is a not-for-profit entity incorporated under Section 42 of the Companies Act 2017.
A reputed and recognized entity in Pakistan, IBP offers a wide variety of sector-specific trainings, professional development programs and certifications for the financial sector. IBP firmly believes in delivering quality services to enhance the potentials of banking and finance sector needs. Being ISO 9001:2015 certified, the Institute continues to uphold its commitment towards continuous improvement in its products and services.
At the time of inception, the IBP was formed with the sole purpose of administering the Banking Diploma program, earlier known as the DAIBP program, which has now been revised and renamed to the IBP Superior Qualification (ISQ) certification. Over time, IBP’s scope of activities has significantly broadened and apart from offering and conducting the ISQ certification, IBP also provides the following services:
The IBP Superior Qualification (ISQ) program is a unique product offering that enables the bankers to stand out as leaders in the financial sector. The IBP Microfinance Diploma (IMFD) program and Professional Bankers (PB) program are other exclusive ventures of the Institute. The breadth of training, education and professional development programs at the Institute cover all major banking disciplines including: Operations, Branch Banking, Customer Services, Credit, Risk, Compliance, Corporate Governance, Islamic Banking, SME, Microfinance etc.
In addition, IBP also offers qualitative services like customized trainings, assessment & recruitment tests, capacity building workshops etc.
IBP takes pride in being associated with internationally acclaimed institutes from the banking and finance sector, which include Chartered Banker Institute (CBI), UK; Bangor Business School (UK); McKinsey Academy, Omega Performance (Singapore); Finance Accreditation Agency (FAA), Malaysia to deliver international best practices for the banking fraternity in Pakistan.
IBP geographical reaches across Pakistan through non-presence Coordinating Offices Countrywide with one (01) Local Center in Lahore, MoU with 6 Universities and Business Schools, 125 visiting Faculty, 200+ Training Programs offered annually.
The management of the Institute rests with the Council which in effect operates as a Board of Governors of the IBP. The Governor, State Bank of Pakistan is the President of the Institute and the Chairman of the Council. Furthermore, the Chief Executives of the major local and foreign commercial banks are members of the Council and are elected by the IBP members for a tenor of three years.
The IBP Council consists of a Chairman (the current Governor, SBP), ten Elected Members (CEOs of Banks), one Member nominated by the Chairman and one Member co-opted by the Council to represent the interests of co-operative banking (optional).
The Institute also has oversight committees to assist in its operations including the Academic & Editorial Board, Finance & Audit Committee, Human Resource Committee, Building Committee and the Board of Trustees.