Dubai – MENA Herald: Emirates Institute for Banking and Financial Studies (EIBFS) received His Excellency Mubarak Rashed Khamis Al Mansoori, Governor of the Central Bank of the UAE at its first Annual Networking Meeting at its Dubai campus in Academic City yesterday.
Representing EIBFS, Chairman Mr. Hussain Al Qemzi and General Manager Mr. Jamal Al Jassmi welcomed His Excellency Al Mansoori as well as CEOs from across the UAE’s banking sector, all of whom are shareholders at EIBFS.
Mr. Hussain Al Qemzi delivered a speech and presentation outlining the institute’s progress and vision for the future, which was followed by a tour of the state-of-the-art Dubai campus and a networking lunch. A total of 50 people were in attendance, including the board members of EIBFS.
His Excellency Mubarak Rashed Khamis Al Mansoori, Governor of the Central Bank of the UAE, commended the Institute for its work, saying that it was an extension of the UAE banking industry. He added that it was important for the EIBFS to continue to provide quality training to local banks, and to ensure that its training programmes remain relevant to the industry’s needs.
“More training offerings and certification should be made available by the Institute, which is a key driver of Emiratization efforts in the sector,” said His Excellency Al Mansoori.
“The role of the EIBFS should be to set industry standards and contribute to key topics, as well as to research new and emerging issues in the banking sector. The Institute also plays a key role in attracting and developing Emirati talent in the industry,” he added.
Mr. Hussain Al Qemzi, Chairman, EIBFS said: “EIBFS was conceptualized in the 1980s, following a mandate by the UAE’s Central Bank to equip Emirati nationals with the skills, knowledge an confidence they required to strengthen and grow the country’s growing banking sector, and lead the country to its full economic potential.
“To date we have trained over 116,000 financial specialists and expanded the institute to become the leading corporate education provider in the country. We now offer a comprehensive range of courses, which are reviewed on a regular basis to ensure relevance to the fast-growing needs of the market.
“Initially the institute relied solely on shareholders’ contributions but over the decades we have adopted a self-endowment strategy, creating a number of revenue streams which now represent 50 per cent of our operating revenue. We will strive to empower the industry by harnessing and honing the best talent, and serving as a benchmark in the area of corporate education.”