EIBFS plans to organise major banking meet

SHARJAH - More than 28,000 UAE national and expatriates bankers have taken part in training programmes organised by the Emirates Institute for Banking and Financial Studies (EIBFS) since its inception two decades ago.

By Salah Eldin Eltayeb

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Published: Wed 28 May 2003, 1:00 PM

Last updated: Wed 1 Apr 2015, 9:20 PM

Humaid Al Qutami, General Manager, EIBFS said the institute is now planning to organise a significant banking and financial conference at Dubai 2003,the IMF and World Bank Board Meeting on September. Details of the conference will be worked out in the coming few weeks.

He said: "The banking industry, in the UAE and the whole region of the Middle East has changed a great deal into a sophisticated and competitive sector dealing with a wide range of products, customer services and marketing cababilities.

"We believe on the job training and education are considered to be the main pillars of success in the banking industry, therefore we in the (EIBFS) endeavors to subscribe to this understanding in a way that suits the needs of the banking and financial sector.

"The Institute has witnessed a dramatic changes and a qualitative distinction in the plan and the programmes in the last decade responding well to the requirements and needs of the banking industry."

Physically the Institute has added new buildings and extensions to increase its admission capacity as more trainees and students will be admitted.

The new extensions will contribute to upgrading the technical levels of the training programmes as they provide a suitable environment for training and learning. Similarly the designs for a new separate building in Abu Dhabi were completed. The institute also succeeded in strengthening relations with a number of similar institutes and organisations in US, Canada, in addition to its strong relations with institutes in the Arab worlds in order to exchange experiences with them for the sake of developing the institute's future plans and programmes.

Al Qutami added: "The Institute is planning to introduce training courses in the insurance sector targeting more than 150 trainees to increase the number of nationals working in the Insurance sector to 15 per cent before the end of 2003.

"In the services sector it is not easy to achieve satisfaction for there are a continuous demand for various and new innovative products, yet we bridged a remarkable gap in the marketplace and helped UAE nationals to distinguish themselves in the banking sector. The percentage of emiratisation, with the help of Human Resources Development in the banking sector, has increased to 35- to 40 per cent in some banks.

"We have recently hired a consultancy firm to assess and evaluate the Institute performance in an attempt to further improve our training programme and to be on the same level with the international financial and banking training institutions, more incentives than the public sector."

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