The National Institute of Banking and Finance (NIBAF) is a subsidiary of the

State Bank of Pakistan The State Bank of Pakistan (SBP) is the central bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope ...

(SBP) head by the managing director, a board of directors and the governor of State Bank of Pakistan. NIBAF, a non-profit organisation, aims at providing training and development to central and commercial bankers at national as well as international level. One of its important roles is to develop

human capital Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a subs ...

of SBP and its subsidiaries. It has trained 140 participants from friendly countries through 22 weeks of training during the financial year 2006-07.

History

The National Institute of Banking and Finance (NIBAF) was set up on 8 March 1993 as a '

Private Limited Company A private limited company is any type of business entity in Privately held company, "private" ownership used in many jurisdictions, in contrast to a Public company, publicly listed company, with some differences from country to country. Example ...

by Guarantee' and was sponsored by the erstwhile Pakistan Banking Council (PBC) in collaboration with National Bank of Pakistan, Habib Bank Limited,

United Bank Limited United Bank Limited (often abbreviated as UBL) is a Pakistani bank headquartered at I.I. Chundrigar Road in Karachi. It is a subsidiary of British multinational conglomerate, Bestway Group. Founded by Agha Hasan Abedi in 1959, UBL saw its firs ...

Muslim Commercial Bank MCB Bank Limited is a Pakistani commercial bank which is based in Lahore, Punjab. It is majority owned by a group of companies affiliated with Nishat Group and Malaysian bank Maybank. MCB Bank is listed on the Pakistan Stock Exchange and the Lon ...

, The Bank of Punjab and

Allied Bank Limited Allied Bank Limited (ABL) is a Pakistani commercial bank headquartered on Main Boulevard, New Garden Town, Lahore, along with its asset management division, ABL Funds, and Islamic banking division, ABL Aitebar. It is a subsidiary of the Ibrahim ...

. The core purpose was to encourage the study of theory and practice of banking and all allied subjects. It was established under the Pakistani Companies Ordinance 1984 with a paid up capital of Rs. 250.0 million. The equity was contributed by the nationalized commercial banks and PBC that held 3% of the shares in its name. Consequent upon dissolution of PBC in 1997 State Bank of Pakistan took over the assets and liabilities of PBC and purchased assets of NIBAF. In February 1997, the Training Department of the State Bank was shifted to NIBAF premises at Islamabad. After becoming a subsidiary of SBP, its main focus is to provide trainings to the employees of SBP. NIBAF has its head office in

Islamabad Islamabad (; , ; ) is the capital city of Pakistan. It is the country's tenth-most populous city with a population of over 1.1 million and is federally administered by the Pakistani government as part of the Islamabad Capital Territory. Bu ...

Courses offered

NIBAF offers the following courses: *International courses: **

Central banking Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as ...

course, and **

Commercial banking A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

course. *Certificate courses: **

Islamic banking Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some ...

, and **

Micro-finance Microfinance consists of financial services targeting individuals and small businesses (SMEs) who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; saving ...

. *SBP courses: These are short-term courses offered to the employees of the SBP covering several topics relating to laws and practices of

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

book-keeping Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. T ...

and

accounting Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

, management sciences, financial management,

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

, etc.

International training programs

The international training programs for central and commercial banking are conducted at NIBAF under the joint aegis of SBP and Economic Affairs Division, Government of Pakistan. Participants are invited from 105 friendly developing countries of the world.File Nibaf
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Academic facilities at NIBAF, Islamabad

The main building contains facilities such as

auditorium An auditorium is a room built to enable an audience to hear and watch performances. For movie theaters, the number of auditoriums is expressed as the number of screens. Auditoriums can be found in entertainment venues, community halls, and t ...

, training halls with all audio visual facilities, syndicate and break-away rooms, mock bank branch, IT Lab, a

library A library is a collection of Book, books, and possibly other Document, materials and Media (communication), media, that is accessible for use by its members and members of allied institutions. Libraries provide physical (hard copies) or electron ...

and a rural finance resource centre.

Residential facilities at NIBAF, Islamabad

The residential block is where boarding and lodging is provided to the participants.

Notes

External links

The Official Website of NIBAFState Bank of Pakistan
Banking institutes Banking in Pakistan Professional associations based in Pakistan State Bank of Pakistan Pakistan federal departments and agencies 1993 establishments in Pakistan {{DEFAULTSORT:National Institute of Banking and Finance