Annual Report 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Institute of Bankers Pakistan

Moulvi Tamizuddin Khan Road, Karachi

Tel: 5686955, 5680783, 5684575, 5689718 Fax: 5683805

Website: www.ibp.org.pk   E-mail: ibp@ibp.org.pk


 

IBP Council, Boards and Committees

 

COUNCIL

Dr. Shamshad Akhtar  

Mr. Zakir Mahmood

Mr. Atif R. Bokhari     

Mr. S. Ali Raza           

Mr. Aftab Ahmad Khan

Mr. Mohammad Aftab Manzoor

Mr. Khalid A. Sherwani

Mr. Badar Kazmi

Mr. Abbas D. Habib   

Ms. Zarine Aziz           

Mr. Zaigham Mahmood Rizvi

Mr. Shaharyar Ahmad

Mr. Muhammad Saleem Umer

           

Committees and Boards

 

Academic Board

 

Mr. Badar Kazmi

Ms. Zarine Aziz

Mr. Ozair A. Hanafi

Dr. Khawaja Amjad Saeed

Mr. Tahir Ali Tayebi

Mr. A.B. Shahid

Mr. Abdul Ghafoor

Dr. Mirza Abrar Baig

Mr. M. Naveed Masud

 

Finance Committee

 

Mr. Inam Elahi

Mr. Khalid A. Sherwani

Mr. Azizullah Memon

Mr. Safar Ali K. Lakhani

Mr. A. Saeed Siddiqui

 

Audit Committee

 

Mr. Aftab Ahmad Khan

Mr. Abbas D. Habib

Mr. Masood Karim Shaikh

 

 

 

 

Chairperson

Member

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Chairman

Member

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Chairman

Member

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Chairman

Member

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H.R. Committee

Mr. S. Ali Raza

Mr. Aftab Ahmad Khan

Mr. A. Saeed Siddiqui

 

Building Committee

 

Mr. M. Shafi Arshad

Mr. Shameem Ahmed

Mr. Tasadduq Hussain Awan

Mr. Mohammad Bilal Sheikh

Mr. Kamran Rasool

Mr. Khalid Niaz Khawaja

Mr. Barbruce Ishaq

 

Editorial Board

 

Mr. Aftab Ahmad Khan

Mr. M. Ashraf Janjua

Dr. Shahid Hasan Siddiqui

Mr. Jalees Ahmed Faruqi

Mr. A.B. Shahid

Prof. S. Sabir Ali Jaffery

 

Board of Trustees of

Staff Provident Fund

 

Mr. Inam Elahi

Mr. M. Hanif Akhai

Mr. Muhammad Saleem Umer

Mr. S.M. Ashique

 

Auditors

M/s KPMG Taseer Hadi & Co. Chartered Accountants

 

Registered Office

 

The Institute of Bankers Pakistan

Moulvi Tamizuddin Khan Road

Karachi-74200, Pakistan.

Phone: 5680783-5689718-5686955

            5687515-5684575-5689364

Fax: 5683805

Website: www.ibp.org.pk

E-mail:   ibp@ibp.org.pk

 

 

 

 

Chairman

Member

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Chairman

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Chairman

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Council’s Report to the Members

 

On behalf of the Council of the Institute of Bankers Pakistan (IBP) we have great pleasure in welcoming you to the 57th Annual General Meeting of the Institute. This annual event offers an opportunity to review the performance of the Institute and to proactively plan for the upcoming challenges in the field of banking and finance.

 

During the year under review IBP successfully pursued its knowledge plan and managed all activities according to the needs and expectations of its Stakeholders. A quick review of the main endeavors is as under:

 

1.         IBP Superior Qualification (ISQ)

In the year 2006, IBP replaced its Banking Diploma with ISQ - a continuous route to professional development. This change was well received by the knowledge seekers and over 6000 professionals have so far joined the program. A good majority of the entrants are qualified MBAs, M.Coms, MAs, CAs, and ACMAs. So far three examinations were conducted at 23 centers including Abu Dhabi and the overall pass percentage was close to 15%. In all, 132 participants completed the requisite course and have qualified for the award of Junior Associateship of IBP (JAIBP) and thus have joined the prestigious group of 7700 IBP qualified professionals. Recently two bankers through the rigorous examination route and after fulfilling prerequisites became the first Associates of IBP (AIBP). We record our appreciation for their efforts and pray for their more successes in every learning endeavor.

 

2.         Training & Development

During the period under review IBP conducted over 250 training programs, seminars, workshops, lectures, talks and other knowledge sharing events across the country which were attended by over 6000 executives and officers from banks, financial institutions, multinationals and other corporate entities.

 

2.1       Effective Branch Management and other Certificate Courses

This demand driven program for the branch managers was launched in the last fiscal and was highly appreciated. Besides rigorous training room sessions, group work and testing, the participants are required to develop a business plan for their branch or department. The program is conducted at Karachi, Lahore, Rawalpindi and Peshawar simultaneously. Likewise other certificate courses were also offered in the fields of Islamic banking, credit management, human resource management and Micro finance. They received wider participation and appreciation.

 

2.2       Demand Driven Customized Training

IBP designs and organizes need based training programs for all major local and foreign banks. During the year under review 30 programs of 1 to 12 week duration were conducted at Karachi, Lahore, Rawalpindi and Peshawar in which over 600 executives and officers participated. Beginning new financial year customized programs for ABN-AMRO Bank, Hong Kong & Shanghai Banking Corporation, Citibank, National Bank, and Soneri Bank have been launched.

 

3.         Strategic Support in Recruitment and Promotion Processes

IBP is extending comprehensive support to its stakeholders in their Human Resource Recruitment and promotion processes. Currently IBP is organizing and conducting written tests, computer literacy tests, group discussions and selection interviews for twenty financial institutions. During the year under review over 20,000 candidates were short listed for this merit based process. 

 

4.         Strategic Support to Universities and Business Schools

IBP secured and managed over 500 supervised internships at banks and financial institutions for the students of MBA (Banking & Finance) of eight partner Universities. This facility is a part of IBP support package aimed at grooming and developing potential bankers on the technocracy as well as its practical application.

                 

5.         Knowledge Dissemination

During the period under review, IBP published and circulated six new books on banking, finance and related subjects. In addition to this, weekly Economic Letter is being issued regularly to over 5000 recipients. While 15000 copies of IBP quarterly Journal are published and couriered across the country and outside. Budget Compendium and Bankers Diary are issued on regular basis.

 

5.1              IBP Website

The knowledge rich IBP website is now attracting over 5 million hits per month. A good number of hits are generated from USA, UK, UAE, Germany, Canada, Saudi Arabia and 60 other countries.

 

 

Future Knowledge Endeavors

 

The Council of the Institute is fully cognizant of the needs and expectations of its stakeholders and accordingly pursues a policy of regular review and assessment of every knowledge endeavor. Besides, concurrent input, views, comments and suggestions are formally obtained from the stakeholders. While offering rich appreciation for the quality of programs they identified critical areas of their future needs. We value their views and have accordingly planned 169 training topics under 32 broad domains/categories. They are : 

 

1.                 Auditing and Inspection Regime

2.                 Regulatory Framework and Compliance Management

3.                 Business Communication

4.                 Customer Relationship Management

5.                 Prudent Financing Decisions

6.                 Credit Operations and Management

7.                 Problem Loan Management

8.                 Non-Fund Based Credit Regime

9.                 Fund Transfer Systems and Technologies

10.             New Financing Horizons and Challenges

11.             New Sectors for Bank Finance

12.             Risk Management Regime

 

13.             International Trade Finance

14.             Derivatives

15.             Treasury and Asset &  Liability Management

16.             Investment Analysis & Management

17.             Islamic Banking & Finance

18.             Human Resource Management

19.             Basel Accord

20.             Corporate Governance and Business Ethics

21.             Current Business Affairs

22.             Demystifying Accounting & Finance

23.             Business Environment and Challenges

24.             Serving the High Worth Customers

25.             Bank and Branch Management

26.             Electronic Banking & Security Risk

27.             Business Continuity & Disaster Recovery

28.             Dynamic of Banking

29.             Forex Operations and Management

30.             Central Banking Operations

31.             Fraud, Forgery & Prevention of Banking Crisis

32.             Personal and Professional Development

 

Acknowledgements

 

The Council of the Institute wishes to record its appreciation for the valuable contribution made by the committees and boards in successful working of the Institute. They extended valuable support and guidance in the Institute’s knowledge endeavors. The Council also takes this opportunity to express its deep gratitude to the stakeholders for their continuous patronage. Last but not the least IBP family deserves commendation and appreciation for their commitment, dedication and hardwork. May Allah be with us.

           

Dr. Shamshad Akhtar                                       Chairperson

Mr. Atif R. Bokhari                                          Member

Mr. Abbas D. Habib                                        Member

Mr. Muhammad Saleem Umer              Chief Executive

 

Karachi, August 24, 2007

-.-.-.-.-

IBP Superior Qualification

 

Under the worthy guidance of the Council headed by the Governor, State Bank of Pakistan, IBP Academic Board started a detailed process of developing a new format re-focused and re-aligned with land realities and applied aspects of banking. This culminated into introduction of a building block approach for the professional qualification and a process of inculcating Continual Professional Development (CPD). The suggestions and demands of our stakeholders for the superior qualification route ultimately leading to prestigious Fellowship of the Institute (FIBP) were also instrumental in developing such a qualification. By the grace of Allah Almighty, there has been an overwhelming response to the IBP Superior Qualification (ISQ) which was formally launched in January, 2006. The enrolment for the program is highly encouraging as it has already surpassed 6000 mark. Most of the participants are either MBAs, MAs and M.Coms or CAs, ACMAs and MBBS. Thus ISQ has been rightly perceived as a professional qualification equal to or slightly over the Master degree. With increasing acceptability among professionals of banks, financial institutions and the corporates, it is hoped that this would be a milestone in the IBP knowledge endeavors.

 

The ISQ consists of three tiers viz Junior Associatehsip (JAIBP), Associateship (AIBP) and Fellowship (FIBP). The first examination for Associateship was held in Winter 2006. Five candidates appeared in the examination. The small number of candidates was due to eligibility criteria laid down for appearing for Associateship examination which is minimum three years post - DAIBP/JAIBP experience and a record of Continual Professional Development during those three years either by receiving or imparting training or engaging in other knowledge related activities.

 

Third ISQ examination was conducted in May, 2007 at 23 centres including Abu Dhabi. Over 3000 candidates were listed in fifteen subjects of Junior Associateship of IBP (JAIBP) and the aggregate pass percentage was 14%. 138 professionals have so far passed the requisite subjects of JAIBP and have joined the prestigious group of professionally qualified bankers. The qualification-wise result of Summer-2007 examination is as under:

Sl. #

Qualification

Total

Enrolled

Appeared

Passed

%

1

MBA

1163

889

169

19

2

CA/ACMA

 43

 29

 5

 17

3

M.Com

 301

 254

 44

 17

4

Masters

 566

 432

 42

 10

5

BE/MBBS

 8

 6

 0

 0

6

Bachelors

 967

 742

 61

 8

Total

3048

2352

321

14


 

Gold Medals & Prizes

The examinees are awarded gold medals and prizes for their distinctive performance in the Institute’s examinations. The list of the gold medalists and prize winners in the examination held in year 2006 is given below:

                                                                       IBP Superior Qualification

Recipients of Gold Medals, Prizes, Awards

 

1

Mr. Muhammad Aqeel Samar, National Bank of Pakistan

State Bank of Pakistan Gold Medal

2

 

 

3

Mr. Ali Asad, United Bank Limited

Institute of Bankers Pakistan Gold Medal

 

American Express Bank Prize

Macro Economics And Financial System of Pakistan” (Stage-I)

4

 

 

5

Mr. Suhail-Ur-Rahman, National Bank of Pakistan

Industrial Development Bank of Pakistan Prize

 

Union Bank Prize

 Information Technology in Financial Services” (Stage-II)

6

 

 

7

Ms. Syeda Erum Fatima, Other Professionals

Deutsche Bank Prize

 

Standard Chartered Bank Prize

Business Communication for Financial Services (Stage-I)

8

Mr. Imtiaz Ahmad, MCB Bank Limited

American Express Bank Prize

“YOUNG BANKER OF THE YEAR” Junior Associateship Examination

9

Mr. Ali Gohar, National Bank of Pakistan

Allied Bank Prize

 Laws Relating To Financial Services” (Stage-I)

10

Mr. Assad Khan, National Bank of Pakistan

Bank Al Falah Prize

Accounting For Financial Services” (Stage-I)

11

 

 

 

12

Mr. Nizar Diamond Ali, Other Professionals

Investment Corporation of Pakistan Prize

Information Technology in Financial Services” (Stage-II)

 

Standard Chartered Bank Prize

Business Communication For Financial Services” (Stage-I)

13

Mr. Athar Shakoor, Bank Alfalah Limited

National Investment Trust Prize

Lending Operations And Risk Management” (Stage-II)

14

Mr. Shehzad Malik, United Bank Limited

United Bank Prize

Human Resource Management - Basic Practices” (Stage-II)

15

Mr. Muhammad Saqib, Bank Alfalah Limited

Habib Bank Prize

Marketing of Financial Services” (Stage-II)


 

16

Ms. Dur-E-Shahana Khan, State Bank of Pakistan

Union Bank Limited Prize

Monetary Economics” (Stage-III)

17

Ms. Shumaila Ambreen, MCB Bank Limited

MCB Bank Prize

International Trade Finance & Forex Operations” (Stage-III)

18

Mr. Imtiaz Ahmed Shaikh, National Bank of Pakistan

National Bank of Pakistan Prize

Management Accounting for Financial Services” (Stage-III)

19

Mr. Kashif Adeel, Other Professionals

Institute of Bankers Pakistan Prize

Islamic Banking and Finance” (Stage-III)

20

Mr. Muhammad Zubair, National Bank of Pakistan

Institute of Bankers Pakistan Prize

Retail and Consumer Banking Operations” (Stage-III)

21

Ms. Syeda Aisha Fatima, National Bank of Pakistan

Habib Bank Prize

Laws Relating to Financial Services” (Stage-I)

22

Mr. Muhammad Basit Younus, Bank Alfalah Limited

National Bank of Pakistan Prize

Accounting for Financial Services” (Stage-I)

23

Mr. Tanzeel Mehmood Malik, State Bank of Pakistan

United Bank Prize

Macro Economics and Financial System of Pakistan” (Stage-I)

24

Mr. Amad Ud Din Khan, National Bank of Pakistan

Union Bank Prize

Lending Operations and Risk Management” (Stage-II)

25

Mr. Ahmed Tariq, State Bank of Pakistan

Crescent Commercial Bank Prize

Human Resource Management - Basic Practices” (Stage-II)

26

Mr. Javed Ahmad, MCB Bank Limited

Allied Bank Prize

Marketing Of Financial Services” (Stage-II)

27

Mr. Shahzad Iqbal, National Bank of Pakistan

Standard Chartered Bank Prize

Monetary Economics” (Stage-III)

28

Mr. Rizwan Ghulam Hussain Samnani, Meezan Bank Limited

Citibank Prize

International Trade Finance & Forex Operations” (Stage-III)

29

Mr. Humayoun Majid Qureshi, Prime Commercial Bank Ltd

Pakistan Industrial Credit & Investment Corp. Prize

Management Accounting for Financial Services” (Stage-III )

30

Mr. Muhammad Shahzad Ahmed, Saudi Pak Commercial Bank

Institute of Bankers Pakistan Prize

Islamic Banking And Finance” (Stage-III)

31

Mr. Syed Asad Ehtisham, MCB Bank Limited

Institute of Bankers Pakistan Prize

Retail and Consumer Banking Operations” (Stage-III)

 

ASSOCIATES OF IBP (AIBP) – SUMMER-2007

 
 

 

 

 

 

 

 

 


Amjad Ali Imran

Assistant Chief Manager

State Bank of Pakistan - Quetta

 

Amjad did his Masters in Business Administration from Quaid-e-Azam University, Islamabad in first division and then joined State Bank of Pakistan under SBOTs-5th batch.   He entered in the IBP Diploma process in 2001 and became Diplomaed Associate of IBP (DAIBP) in the year 2003.  He entered in the AIBP process in Winter-2006 and completed the process in Summer-2007.  He became first Associate of IBP (AIBP) alongwith Mr. Mobeen Aslam Butt.  We wish him all the best.

 

 

 

 

 

 

 

Mobeen Aslam Butt

Assistant Manager

Askari Bank Limited, Lahore.

 

Mobeen did his M.Com. in A grade from Punjab University in the year 2000.  He joined State Bank of Pakistan under SBOTs-6th Batch and later switched to Askari Bank.  He passed DAIBP (Part-I & II) in 2001 and later passed requisite subjects to receive special certificate in 2004. He became first Associate of IBP (AIBP) alongwith Mr. Amjad Ali Imran.  We wish him all the best.

 

Since the introduction of IBP Superior Qualification (ISQ) in the year 2006,  the eligible candidates have started entering into the process leading to Associateship of IBP (AIBP).  Before the launching of ISQ the Associateship and Fellowship of IBP were awarded by the IBP Council headed by Governor, State Bank of Pakistan in recognition of the meritorious services of the senior cadre.  Both these prestigious titles are now offered through a rigorous examination process.   We are pleased to announce that two examinees have successfully completed all the requisites and hence are eligible for the award of AIBP.   IBP Council meeting of July 07, 2007 chaired by Dr. Shamshad Akhtar, Governor, State Bank of Pakistan appreciated the initiative, congratulated the recipients of AIBP and wished them well for their future endeavours.  The Council also approved a cash incentive package for AIBP upto Rs 150,000/-.  We invite all IBP Diploma holders (DAIBP) to join the ISQ regime and thereby join the prestigious Associateship group.

 


 

Junior Associates of IBP – Qualified in 2006-2007

 

Sl.#

Names

Sl.#

Names

STATE BANK OF PAKISTAN

1

Sumreen Kanwal

2

Shahla Riaz

3

Dure-e-Shahana Khan

4

Ghulam Khadija

5

Sajid Mukhtar

6

Najma Azmat

7

Nasreen Akhtar

8

Muhammad Khalid

9

Sadia Irshad

10

Noorullah

11

Sher Afgan Malik

12

Shaukat Ali

13

Quratulain Javaid

14

Abdul Haseeb Sheikh

15

Ahmed Tariq

16

Sumera Baloch

17

Tanzeel Mehmood Malik

18

Shahid Raza

19

Asif Ali

20

Sultan Abid

NATIONAL BANK OF PAKISTAN

21

Abdul Wajid

22

Nazim Khan

23

Sarfraz Ahmad

24

Muhammad Masab Faridi

25

Faisal Mirza

26

Erum Sirajuddin

27

Nadeem Rashid

28

Imtiaz Ahmed Shaikh

29

Iram Saeed

30

Jawaid Ahmed Shaikh


31

Razia Nazir

32

Salman Rafiq

33

Rashid Ata

34

Adnan Manzoor

35

Muhammad Iqbal

36

Wasim Ahmad

37

Abid Umar Rafooq

38

Farhan Abbas Zaidi

39

Muhammad Ali Qamar

40

Shahzad Iqbal

41

Rana Masood Ahmed

42

Fareeha Khalil

43

Muhammad Aqeel Samar

44

Adeel Ahmed Shah

45

Amad Ud Din Khan

46

Yousaf Ihsan

47

Suhail-ur-Rahman

48

Muhammad Zubair

49

Lubna Shaheen

50

Waqas Rashid

51

Nazia Raza

52

Danish Riaz

53

Baleegh Uddin

 

 

 

HABIB BANK LIMITED

54

Agnelo Thomas John Gomes

55

Nawaz Meraj

56

Muhammad Masood Hassan

 

 

MCB BANK LIMITED

57

Zia Muhammad

58

Khalid Mansoor

59

Azhar Iqbal Naveed

60

Arfan Yousaf

61

Abid Nazir

62

Imtiaz Ahmad

63

Faran Qaisar Hashwani

64

Syed Asad Ehtisham

65

Shahid Jabbar Mughal

66

Muhammad Dilshad Hussain Qadri

67

Saulat Alamgir

68

Zeeshan Ashiq

69

M. Waseem Munawar

70

Talat Ejaz

71

Syed Zaffar Hassan Naqvi

72

Najabat Ali

73

Adil Waheed

74

Abdul Hafeez

75

Hira Rasheed

76

Javed Ahmad

77

Vinod Kumar

78

Muhammad Saleem

79

Khurshid Ahmad

80

Abdul Rehman

UNITED BANK LIMITED

ALLIED BANK LIMITED

81

Muhammad Iqbal Mir

82

Siddique Pervez

83

Aurang Zeb

84

Imran Sultan Khan

ASKARI COMMERCIAL BANK LIMITED

85

Sonia Farooq

86

Mohammed Ali Ishaque

87

Fiaz Ahmad

88

Shabana Batool

BANK ALFALAH LIMITED

89

Muhammad Iqbal

90

Usman Saeed

91

Muhammad Qamar Mufti

82

Zeeshan Ghani

93

Noman Khalid

94

Muhammad Kashif

95

Muhammad Saqib

96

Mustansar Hammad Bhatty

97

Abdur Rehman

 

 

BANK ALHABIB LIMITED

98

Kamran Siddique

99

Sajid Riaz

100

Sultan Muhammad

101

Ali Raza Abidi

HABIB BANK AG ZURICH

PAK KUWAIT INVESTMENT CO.

102

Mazhir Abbas Thawerani

103

Aamir Patel

 

SAUDI PAK COMMERCIAL BANK

THE BANK OF PUNJAB

104

Muhammad Ahsan

105

Saima Shazia

106

Salman Amjad

107

Attiqur Rehman

108

Muhammad Shahzad Ahmed

109

Syed Asif Ali

SME BANK LIMITED

110

Shazaib Khan Kasi

111

Lyla Khan

PICIC COMMERCAL BANK LTD

PRIME COMMERCIAL BANK LTD

112

Tariq Yar Khan

113

Nusrat Hayat Ranjha

SAUDI PAK IND. & AGRI. INV. CO.

SECP

114

Mahmood Alam Sher

115

Muhammad Atif Hameed

SILVER STAR INSURANCE CO.

STANDARD CHARTERED BANK

116

Syed Ali Wajid Kazmi

117

Muhammad Zaryab Qureshi

ALBARAKA ISLAMIC BANK

CITIBANK N.A.

118

Madiha Rubab

119

Khurram Zaheer Chishti

NIB BANK LIMITED

MEEZAN BANK LIMITED

120

Muhammad Usman Baig

121

Rizwan Ghulam Hussain Samnani

MYBANK LIMITED

THE BANK OF KHYBER

122

Tanweer Ahsan

123

Muhammad Sultan

SONERI BANK LIMITED

124

Naveed Kamran

125

Salman Tanvir

ZARAI TARAQIATI BANK LTD

ABN AMRO BANK

126

Rashid Ali

127

Sikander Ali Karim

HABIB METROPOLITAN BANK LIMITED

128

Aijaz

 

 

OTHER PROFESSIONALS

129

Muhammad Tariq

130

Amjad Ali

131

Zafar Iqbal

132

Sadia Asghar

133

Sheikh Bilal Shams

134

Farhana Rasheed

135

Kashif Adeel

 136

Amna Hamdi

137

Shahid Hussain Syed

138

Shahida Nasim Wali

 

-.-.-.-


Result of Research Paper Competition (Winter-2006)

 

The Council of the Institute selected Low Cost Housing Solutions as the topic for the Research Papers Competition (Winter-2006). The Institute received 29 papers for the competition. Governor, State Bank of Pakistan and President of IBP Dr. Shamshad Akhtar constituted a four-member high level panel to judge the papers and grade them for the award of gold medal and prizes. The panel after detailed scrutiny finalized the result.

 

IBP family would like to express its heartiest congratulations to all the winners and pray for their higher success in times to come. The list of winners is as under:

 

1st Prize of Rs. 110,000/- and Gold Medal

Ms. Fareeha Khalid of Habib Bank Limited, Karachi

 

2nd Prize of Rs. 80,000/-

Ms. Shafaq Maqsood of Askari Bank Limited, Rawalpindi

 

3rd Prize of Rs 55,000/-

Ms. Quratul Ain Javaid of State Bank of Pakistan-BSC, Lahore

 

Result of Research Paper Competition (Summer-2007)

 

The Council of the Institute selected “Challenges and Opportunities in Micro Finance” as the topic for the Research Papers Competition (Summer-2007). The Institute received 50 papers for the competition. Governor, State Bank of Pakistan and President of IBP Dr. Shamshad Akhtar constituted a four-member high level panel to judge the papers and grade them for the award of gold medal and prizes. The panel observed that 19 papers did not conform to the stipulated rules and accordingly were excluded from the competition. The panel after detailed scrutiny finalized the result.

 

IBP family would like to express its heartiest congratulations to all the winners and pray for their higher success in times to come. The list of winners is as under:

 

1st Prize of Rs. 110,000/- and Gold Medal

Dr. Gohar Sattar of National Bank of Pakistan, Lahore

 

2nd Prize of Rs. 80,000/-

Ms. Ommara Yaqub Choudhry of Prime Commercial Bank, Lahore

 

3rd Prize of Rs 55,000/-

Mr. Syed Raza Ali Naqvi of Mobilink, Islamabad

 

The Council has selected “HR Intervention for Organizational Turn Around” as the subject for the Research Paper Competition (Winter-2007).  Last date for entry into the competition is September 30, 2007.  You are most cordially invited to participate in the competition. Rules and Entry form are available on our website.

-.-.-.-.-

Case Development Competition (Winter-2007)

 

The Institute is actively engaged in human resource development through multi-dimensional knowledge endeavors. In search of excellence, several initiatives have been introduced in the training process and methodology. It is felt that the use of relevant live cases in training would greatly help in developing better understanding of the subjects taught. However, despite the rigorous efforts a good number of cases could not be developed for their use in the training programs. In order to boost this process and to motivate the development of cases representing local scenario the Academic Board of the Institute announced a Case Development Competition (Winter-2007) on the following lines:

 

1.      It is an open competition for providing written cases with solutions.

 

2.      The cases found suitable may be published in book form in any of the following fields of banking and finance:

 

a)  Lending: products, risk, operations

b)  Deposit: products, risk, operations

c)  Investment: mode, operations

d)  Treasury: operations, risk

e)  Non-performing loans

f)   International trade financing

g)  Fraud and Forgery

h)  Foreign exchange operations

i)   Project finance, risk factors

j)   Corporate governance

 

3.      The Chief Executives of banks and financial institutions are requested to encourage their executives to develop such cases based on their experience but without disclosing the actual names of the customers. Cases received through them would be included in the competition.

 

4.      The Institute will pay cash prizes of Rs 100,000/-, Rs 75,000/- and              Rs 50,000/- for the cases adjudged as first, second and third by a panel of judges.

 

5.      The cases other than those awarded first, second and third prizes will be paid honorarium of Rs 10,000/- each provided they have been awarded 60% or more marks and are selected for inclusion in the IBP book on cases.

 

Last date for submission of Cases is December 31, 2007

 

First Case Development Competition (Summer-2007) announced by IBP attracted very good response.  In all 29 cases have been received. They will be evaluated by a panel of judges appointed by the Governor, State Bank of Pakistan.

 

-.-.-.-.-


IBP – Universities Knowledge Partnership

 

IBP is actively participating in the MBA (Banking & Finance) program of eight Universities belonging to all the four provinces. The program objective is to enhance the value of academic qualification by infusing strong dose of objectivity and relevance. IBP entered into formal arrangements with the Universities by signing the Memorandum of Understanding containing following four specific services:

 

a)      Their MBA (Banking & Finance) programs were reviewed to bring it closer to the professional qualification offered by IBP.

 

b)      IBP team visited these universities to assess their physical and intellectual capacities for offering a quality MBA program. IBP publications were also provided and courses were offered for the faculty under the capacity building objective.

 

c)      Four-month Supervised Internship in banks and financial institutions spread over whole MBA program. A dedicated consultant is deputed to supervise the process and give report on individual internee as well as on bank. He keeps a close liaison with bank management and internees. Based on final review and interview by a senior level panel the internship certificates are awarded.

 

d)      IBP has identified ten critical areas of banking operations in which focused training is imparted through IBP Visiting Scholars directly at their place of education or, if so desired, at IBP Centres.

 

e)      IBP is providing Weekly Economic Letter, Quarterly Journal and other supports to such knowledge seekers.

 

This process has proved highly successful and the participating Universities are extending this program from year to year. The students found competent during internship or after completing MBA are offered job opportunities by the banks. Those who are capable and talented do not find any difficulty in their entry into Banking & Finance and that too strictly on merit. Uptill August, 2007 programs with the following universities have either been successfully concluded or are in progress:

 

1.         Institute of Management Sciences – Peshawar

2.         Muhammad Ali Jinnah University – Islamabad

3.         University of Central Punjab – Lahore

4.         Gomal University – Dera Ismail Khan

5.         Government College University of Faisalabad

6.         University of Balochistan

7.         The University of Faisalabad

8.         Sukkur, Institute of Business Administration

 

IBP believes that Universities are nurseries for future bankers and financial sector professionals and therefore they should receive the best education, focused training, quality internship and relevant literature and support. Since the launching of this program a good number of participants were offered banking jobs. They were very good performers in the recruitment tests and job interviews. Further expansion of this program is in process.

-.-.-.-.-


IBP Strategic Partners in Recruitment and Promotion Process

 

The Institute of Bankers Pakistan (IBP), since its inception in 1951, is serving the financial services sector through various innovative knowledge products and services mainly in the field of human resource management and development. A recent addition to this portfolio is the recruitment and selection of human resource for the financial sector. Based on client’s needs, the Institute holds country-wide written tests, group discussions and interviews thus facilitating selection of the best executives and officers strictly on merit basis. Initially this service was offered for State Bank of Pakistan but now the same has been extended to major commercial banks and financial institutions. IBP’s comprehensive package has following key components:

 

a)                  Drafting, designing and processing the job advertisement alongwith critical information memo for its release to the national press as also to IBP website (www.ibp.org.pk)

 

b)                  Receiving, organizing, processing CVs/job applications seeking more information and responding to queries, short-listing of candidates based on the criteria provided by the bank.

 

c)                  Developing database for the eligible candidates for the release of admit cards; developing examination paper and sample test with weightage for each session and obtaining clients’ views and approval.

 

d)                  Designating examination centres, appointing centre superintendents, invigilators and examiners; printing of admit cards and their dispatch to the candidates.

 

e)                  Releasing list of eligible candidates on the website and then attending to the requests for change of centre, if any, complaints for non-receipt of admit card and other related queries.

 

f)                    Designating head examiner/paper setter(s); consolidating and printing of test papers and their despatch to test centres such as Lahore, Rawalpindi, Peshawar, Quetta, Multan, Sukkur and others.

 

g)                  Normally such test paper carries three parts: (i) English writing and comprehension (ii) Maths, logical inference, (iii) General knowledge and knowledge about banking.

 

h)                  Weightage of each part varies between 30% to 40% and is assigned in consultation with the concerned bank. Parts II & III are to be solved on a computer sheet and graded through Optical Character Recognition (OCR) process.

 

i)                    Depending on clients needs, computer literacy tests are also conducted and their results are compiled and supplied to the banks separately.

 

j)                    Depending on banks needs these tests are conducted simultaneously at 8 to 10 centres within the country and 4 to 5 centres outside the country.

 

k)                  Extensive arrangements are made at each center to ensure clean and congenial atmosphere, air-conditioned hall (wherever possible), reception/problem solving, supervision and control.

 

l)                    Tests are conducted and effectively supervised by the superintendents, deputy superintendents, invigilators, support staff and surprise check by the client.

 

m)                Candidates identity is checked, verified through the admit card, CNIC and identification slips prepared by IBP.  Extra care is exercised at all centres.

 

n)                  Upon completion of test, the copies are collected, counted, verified with attendance record, packed and sent to IBP head office on immediate basis.

 

o)                  Upon receiving these copies, codification and separation of name identity slip from the copies is carried out before sending the same to the examiners and others.

 

p)                  Results when received are tabulated, counter checked, consolidated and computerized. After the decoding process the merit list is prepared and provided to the client.

 

q)                  The banks use their discretion and decide the benchmark for further short-listing of the candidates. This information is then released on IBP website.

 

r)                   The second stage in the selection process is Group Discussion. This process is aimed at judging the quality of leadership, team work, communication, confidence and knowledge of the candidate.

 

s)                   IBP prepares topics for Group Discussion and keeps them in separate sealed envelopes. A group of 8 to 10 participants is invited to attend each session which is observed by a team of experts. The group is allowed to choose the envelope and thus the process starts.

 

t)                    Depending on the city-wise distribution of short-listed candidates this exercise is conducted at Karachi, Lahore, Rawalpindi and Peshawar.

 

u)                  The call letters for group discussion are issued by IBP and sent through courier and all related queries and preparation are handled accordingly.

 

v)                  A three-member panel, two from concerned bank and one from IBP, observes and evaluates each group and develops final grading plan.

 

w)                Based on the result of Group Discussion further short-listing done by the bank. The final selection process is organized at the main cities. The call letters are issued by IBP and sent through courier.

 

x)                  A senior level panel comprising two members from bank and one senior expert from IBP conducts the interviews and grades the participants.

 

y)                  The final result is issued to the bank for further processing and issuance of appointment letters.

 

z)                   The selected officers then enter into a post induction training for upto ten weeks.

 

During FY 2006-07 eight institutions availed these services.  Over 18,656 candidates passed through this process. This is a rigorous process aiming at giving fair chance to the talented youth and also to supply the best talent to the industry. A summary of recruitment and promotion tests, group discussions and interviews is as under :

 

Sl. #

Organization

Test/ Group

Discussion/ Interviews

Participants

1

State Bank of Pakistan

5

4,902

2

National Bank of Pakistan

9

7,648

3

MCB Bank Limited

1

3,082

4

House Building Finance Corp.

4

1,139

5

Hongkong Shanghai Banking Corp.

3

1,073

6

Zarai Taraqiati Bank Ltd.

2

491

7

Bank Islami Pakistan Ltd.

1

238

8

Crescent Commercial Bank Ltd.

2

83

Total

18,656

 

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Training and Education

 

During the FY 2006-07, the Institute continued to follow its critical role of training and development of human resources in banking, finance and other areas of topical interest and importance. A summary of multi knowledge endeavors is presented below:

Sl.#

Knowledge Endeavors

No. of Programs

No. of Participants

1

Scheduled Countrywide Training Programs

195

4428

2

Certificate Courses - 3 months each on "Effective Branch Management"

4

93

3

Courses on Islamic Banking

5

104

4

Certificate Courses - 6 days to 12 days

5

83

5

Customized Programs - upto 6 weeks

30

600

6

Extension lectures, talks by foreign speakers

5

286

7

Budget Breakfast Forum

1

88

8

Evening Coaching Classes (Winter & Summer)

7 subjects

306

 

Under the annual training calendar, the Institute held 195 training courses for the executives and officers of banks and financial institutions – 82 at Karachi, 86 at local centres and 27 mobile courses. Around 4,400 officers attended these courses:

 

I.             Countrywide Training Programs

Sl. #

Title of the Series

No. of  Programs