The Chartered Banker Institute (CBI) of United Kingdom has officially recognised the professional banking qualification (ISQ) of the Institute of Bankers Pakistan (IBP). Announcing the accreditation IBP said that CBI had undertaken an in-depth review of IBP''s new junior associate-ship programme within the ISQ. All candidates completing the new ISQ will now be jointly certified by IBP and CBI.
Candidates completing the IBP''s JAIBP (ISQ) programme will now also be eligible to get the UK''s Chartered Banker Institute''s Associate Chartered Banker title, which is a widely recognised banking qualification internationally and in the Middle East region.
This is considered a significant step toward IBP''s transformation to a world class institute and a major milestone in its 60 year history. At the memorandum of understanding (MoU) signing ceremony between the CBI and IBP held earlier this month in London, CBI''s CEO Simon Thompson said that in the wake of global financial crisis, rebuilding banks'' human capital was as important as rebuilding their financial capital. Banking institutes such as IBP and the CBI play key roles in supporting the banking sector, and by working together "we can help banks and bankers rebuild public confidence and trust.
He said, "I am personally delighted to seal our partnership with the IBP, and excited about working with them on the new JAIBP programme,, which is truly world class. The Chartered Banker Institute (trading name of the Chartered Institute of Bankers in Scotland) is the oldest banking institute in the world. It develops and promotes professional standards for bankers and provides world class professional qualifications for the financial services in the UK and overseas.
CBI is also the only organisation world-wide that can confer chartered banker status on its members and fellows. Membership of CBI means that one meets the professional standards of excellence, which are recognised and respected all over the world. Being a member of CBI is a valuable asset in one''s professional career as it provides world-wide recognition that they deserve and also helps keep them ahead of their peers in the banking and financial services industry.
The IBP is Pakistan''s only recognised institute, which conducts professional banking examination and awards these qualifications. In addition, it also provides technical trainings for the banking industry across the country.