National Institute of Banking & Finance
The National Institute of Banking and Finance, Pakistan is a subsidiary of the State Bank of Pakistan head by the managing director, a board of directors and the governor of State Bank of Pakistan. NIBAF P, 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 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, Pakistan was set up on 8 March 1993 as a 'Private Limited Company by Guarantee' and was sponsored by the erstwhile Pakistan Banking Council in collaboration with National Bank of Pakistan, Habib Bank Limited, United Bank Limited, Muslim Commercial Bank, The Bank of Punjab and Allied Bank Limited. 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.Courses offered
NIBAF P offers the following courses:- International courses:
- *Central banking course, and
- *Commercial banking course.
- Certificate courses:
- *Islamic banking, and
- *Micro-finance.
- SBP courses: