BIBF signs training agreement with IFC
Manama, December 16, 2010
The Bahrain Institute of Banking and Finance (BIBF) has signed a licensing agreement with International Finance Corporation (IFC) of the World Bank Group, Washington, to offer two of its training programmes.
The programmes are titled 'Bank Risk Management' and 'SME Banking' in the Middle East and North Africa (Mena) region.
Bank risk management and small and medium enterprises (SME) banking have emerged, post crisis, as areas of immense importance and interest to banks in the Mena region, BIBF said.
The recent financial crisis has made the region's banks realise the importance of having effective risk management structures in place, it added.
Also, commercial banks in the region are increasingly focusing on SME banking, as it holds much promise in addition to supporting the cause of national and regional priorities in strengthening the SME sector for sustainable economic development.
'We are pleased to have signed this agreement with a major international financial institution, which reinforces BIBF's commitment to develop the banking sector both locally and regionally,' said Centre for Banking head Dr S P Parashar.
These programmes will be available to the region's bankers starting from March 2011.-TradeArabia News Service