Annaul Report 2005-2006
We have the pleasure and honour to welcome you at the 56th Annual General Meeting of the Institute. The year under report was another year of success in terms of landmark achievements in the multi knowledge endeavors. As a vibrant Institute aspiring to become a world class knowledge icon IBP continued to follow quality learning programs, services and events to meet the ever increasing expectations of our worthy stakeholders. This is a continuous journey in search of excellence which needs to be pursued with positive energy, commitment and dedication. Following are some of the critical objectives and targets which IBP succeeded to attain during FY 2005-06:
|
1. |
New Qualification: Designed, developed and launched IBP Superior Qualification (ISQ) to replace Banking Diploma introduced in 1950s. Within a short span of time ISQ attracted 2400 entries mainly from amongst MBAs, M.Coms, MAs, CAs, ACMAs and others. First examination was conducted at 23 centres including Abu Dhabi and the overall pass percentage was 16%. Sixty participants completed the requisite course and have qualified for the coveted title of Junior Associateship of IBP (JAIBP). They have joined the prestigious group of 7599 IBP qualified professionals. |
|
2. |
Certificate Course: Developed and conducted 120 hours Certificate Courses on Effective Branch Management for the Bank Managers. This stakeholders’ demand driven course has the rich contents of knowledge and skills. Besides rigorous class room training, group work and testing, the participants are also required to develop a business plan for their branch or department. During this year, twelve courses were conducted at Karachi, Lahore, Rawalpindi and Peshawar which were attended by 345 managers from seventeen banks and financial institutions. Another 100 hours Certificate Course was launched for leasing professionals in association with Leasing Association of Pakistan and was attended by 20 executives from eight institutions. |
|
3. |
Recruitment and Promotion: Organized and conducted recruitment and promotion tests, group discussions and interviews for fifteen financial institutions at centres desired by the stakeholders. During the year under review 33,000 candidates were enlisted for written test, group discussion and interviews. Through this process over 500 officers were inducted into banks and yet another 1000 staff members were promoted to the next grades. |
|
4. |
Customized Training: Designed and organized 24 need based training programs for 10 institutions. These 1 to 12 week duration programs were organized in Karachi, Lahore, Rawalpindi and Peshawar in which over 1000 executives and officers participated. Beginning new financial year customized programs for ABN-AMRO Bank, Hongkong & Shanghai Banking Corporation, Dubai Islamic Bank and Emirates Global Islamic Bank have been launched. |
|
5. |
Supervised Internship: Secured and managed 500 supervised internships at banks and financial institutions for the students pursuing MBA (Banking & Finance). This facility is a part of IBP integration with six Universities in their MBA (Banking & Finance) program. In addition to internship, specialized training courses were also conducted at these Universities. |
|
6. |
Training & Development: Conducted over 220 training programs, seminars, workshops, lectures, talks and other knowledge sharing events across the country and Kabul (Afghanistan). Over 6,000 executives and officers from banks, financial institutions, multinationals and other corporates participated. |
|
7. |
International Scholars: Invited sixteen international scholars and experts to steer special talks and presentations on Basel-II, Business Continuity Plan, Leadership Development, Micro Finance, Global Forex Market, World Economy Cool Down, Entrepreneurs Qualities, Conflict Resolution, Igniting Untapped Potential and Transformation of ICICI Bank of India. |
|
8. |
Publications: Facilitated and published twelve books on banking, finance and related subjects besides a bilingual Glossary of Banking & Finance (Student Edition). Launched and regularly issued Weekly Economic Letter, Quarterly Journal, Budget Compendium and Bankers Diary. |
|
9. |
IBP Website: Re-energized IBP website to offer one window knowledge portal on Banking, Economics, Finance and related subjects. In July, 2006 IBP website received 3.2 million hits. A good number of hits were generated from USA, Germany, UAE, UK, Canada and Saudi Arabia. On the website, separate icons are provided for Basel-II, Islamic Banking, UCP 600, Banking Act (proposed), Banking & Economic Updates, SBP Guidelines and Circulars and many more. |
Future Knowledge Endeavors
The fast changing banking scenario and upcoming challenges demand innovative strategies and approaches in every knowledge endeavor. In order to meet the expectations of its stakeholders IBP is committed to acquire intellectual assets, develop international linkages and equip itself with state of art information technology in pursuit of continuous updation and improvement.
Key emphasis would be on training of in-service executives and officers of the financial services sector. The training program would provide the uptodate knowledge and skills in critical areas for meeting their professional responsibilities. Twenty-six training topics reproduced below have been developed in consultation with banks, resource persons, trainees and coordinators. This is not the final list of courses. It is a basic draft for consideration for building up a national training agenda:
|
a) |
Anti-Money Laundering: legal regime and operational process |
| b) |
Risk Management: Domain, sources, indicators, mitigates |
| c) |
Small & Medium Enterprises Financing: Products, Processes, Controls |
| d) |
Consumer Finance: Risk factors, safeguards, corrective actions |
| e) |
Innovative Financing: Scoring model, qualitative checks and control |
| f) |
Basel regime: Hierarchy of risk, operational risk, compliance |
| g) |
Infrastructure Financing: Huge opportunities, global partners |
| h) |
Trade Finance: Regulatory regime, products, innovative approaches |
| i) |
Global Banking: Variety of options, funds transfer, speed and accuracy |
| j) |
Liability Management: Liability products, cost, liquidity, risk factor |
| k) |
Capital Market: Variety of products, opportunities, risk, mitigates |
| l) |
Mortgage financing: Long term sources, risk control |
| m) |
International Bond Market: Global liquidity, country risk, opportunities |
| n) |
Real Time Gross Settlement: Payment system innovations |
| o) |
Energy Financing: Natural & alternate resources, financing & marketing |
| p) |
Financial Re-engineering: Problems, causes and re-engineering |
| q) |
Treasury Management Functions, Asset-Liabilities Management |
| r) |
Micro Finance: The poverty reduction magic, products, processes |
| s) |
Eco Finance: Macro economic indicators for the quality decision |
| t) |
Crisis Management: Disaster Recovery, the Business Continuity mode |
| u) |
Electronic Banking: Convenience with huge risk, mitigates |
| v) |
Data protection: Fire walls, invasion, detection, prevention, audit |
| w) |
Risk based audit, cost control, asset quality and control |
| x) |
Cash flow based lending and concepts of management accounting |
| y) |
Islamic Banking: Concepts, products, processes |
| z) |
Strategic management to control systematic risk. |
IBP Knowledge Spectrum: Details of each knowledge endeavors have been included in this report alongwith financial reports.
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. Mohammad Aftab Manzoor Member – Council
Mr. Abbas D. Habib Member – Council
Mr. Muhammad Saleem Umer Chief Executive
IBP KNOWLEDGE SPECTRUM
1. IBP Superior Qualification (ISQ)
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. Most of the participants were 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.
First ISQ examination was conducted at 23 centres including Abu Dhabi. Over 2400 candidates were listed in fifteen subjects of Junior Associateship of IBP (JAIBP) and the aggregate pass percentage was 16%. Sixty professionals passed the requisite subjects of JAIBP and are eligible to join the prestigious group of professionally qualified bankers. Given below is bank-wise and qualification-wise statistics of participants who qualified for JAIBP:
Bank-wise Statistics of Qualified JAIBP
| • MCB Bank Limited |
13 |
| • Askari Commercial Bank |
3 |
| • State Bank of Pakistan |
11 |
| • Bank Alfalah Limited |
3 |
| • National Bank of Pakistan |
6 |
| • The Bank of Punjab |
3 |
| • Other banks or non-bankers |
21 |
|
Total |
60 |
Qualification-wise Statistics
|
S.# |
Qualification |
Enrolled |
Appeared |
Passed |
Pass % |
|
1. |
M.B.A. |
874 |
733 |
165 |
22.5 |
|
2. |
C.A./ACMA |
40 |
32 |
12 |
37.5 |
|
3. |
M.Com |
207 |
174 |
43 |
24.7 |
|
4. |
Masters |
438 |
351 |
33 |
9.4 |
|
5. |
B.E./MBBS |
9 |
5 |
2 |
40.0 |
|
6. |
Bachelors |
809 |
658 |
51 |
7.8 |
|
Total |
2377 |
1953 |
306 |
15.7 |
Eight examinees secured distinction (80% or above marks) in different subjects of Junior Associateship of IBP (JAIBP). Two of them were from Bank Alfalah Limited and one each from National Bank of Pakistan and Bank of Khyber. Two examinees currently not serving in any bank also received distinction marks in “Islamic Banking” and “Business Communication for Financial Services”.
Banking Diploma Examination – Winter, 2005
Earlier in September, 2005, the last examination of Banking Diploma was conducted at 22 domestic and three international centres in which 3786 examinees were enrolled. Sixty-four participants passed all the subjects and thus qualified for the award of Banking Diploma. Top four banks whose candidates completed the Banking Diploma Examination are:
|
• National Bank of Pakistan |
13 |
|
• Habib Bank Limited |
5 |
|
• MCB Bank Limited |
9 |
|
• The Bank of Punjab |
5 |
2. IBP Strategic Partner in Recruitment and Promotion Processes
Based on the needs of our worthy stakeholders, we offer a package of written tests, computer literacy tests, group discussions and interviews aiming at merit based selection of best executives and officers for the banks. This service is being provided to the State Bank of Pakistan, commercial banks and financial institutions. During calendar year 2005, thirteen institutions availed these services through which over 33,000 participants were listed for recruitment and promotion tests. This process resulted in the entry of 500 plus talented youths in the financial services industry. In addition to this, over 1000 in-service staff earned their promotion through a fair process. Recruitment and promotion is a rigorous process aiming at giving fair chance to the talented youth and on the other hand to supply the best talent to the industry. 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. |
IBP is presently operating as a strategic partner in recruitment and promotion process for the following banks:
• State Bank of Pakistan
• National Bank of Pakistan
• Habib Bank Limited
• United Bank Limited
• MCB Bank Limited
• Allied Bank Limited
• The Bank of Punjab
• First Women Bank Limited
• Meezan Bank Limited
• Saudi Pak Commercial Bank Limited
• Zarai Taraqiati Bank Limited
• Soneri Bank Limited
• The Bank of Khyber
• Crescent Commercial Bank Limited
• Securities and Exchange Commission of Pakistan
3. Human Capital Enrichment Initiatives (HCEI)
As an institution committed to dissemination of knowledge, the Institute of Bankers Pakistan has devoted itself to the conduct of a large number of training courses and other professional development activities. They include regular training programs, extension lectures on topical subjects by distinguished speakers from within the country and abroad, long-term customized programs tailored to the specific needs of the stakeholders, publication of books and other knowledge endeavours.
Training and Education
During the FY 2005-06, the Institute continued to follow its critical role of training and development of human resources which is indispensable for survival and growth in banking and other financial services industries in the current environment of professionalism and cut-throat competition. Under the annual training calendar, the Institute held 156 training courses for the executives and officers of banks and financial institutions – 66 at Karachi, 65 at local centres and 25 mobile courses at far off places in the country on subjects relating to banking and finance. Around 4,000 officers attended these programs. Besides the above, the Institute also held a series of programs which are summarized hereunder:
| |
Program |
Participatns |
| a) Scheduled Countrywide Training Program |
156 |
3937 |
| b) Certificate Courses – 3 months each |
Four |
367 |
| c) Certificate Courses – Islamic Banking |
Four |
108 |
| d) Customized Courses – Upto 12 weeks |
24 |
495 |
| e) Business Communication – one week each |
3 |
50 |
| f) Executive Secretary – three days each |
2 |
25 |
| g) Extension lectures, talks by foreign speakers |
14 |
500 |
| h) Talks by local speakers |
4 |
200 |
| i) Courses at Kabul – Afghanistan |
6 |
125 |
| j) Course for Afghan Central Bankers at Karachi |
1 |
21 |
| k) Evening coaching classes – 10-week |
- |
250 |
I CERTIFICATE COURSES
1) Effective Branch Management:
In July 2005, the Institute launched a series of 3-month high value Certificate Courses for existing and potential Branch Managers of Banks. This series of 120-hour rigorous programs, designed by IBP Academic Board and approved by the Council, covers core banking as well as soft skills needed by the Branch Managers. So far, three programs of the series have been held simultaneously at Karachi, Lahore, Rawalpindi and Peshawar. The courses were attended by 345 managers representing different banks as detailed below:
|
|
Karachi |
Lahore |
Rawalpindi |
Peshawar |
Total |
|
EBM 1 |
39 |
49 |
29 |
32 |
149 |
| EBM 2 |
27 |
41 |
30 |
22 |
120 |
| EBM 3 |
21 |
20 |
21 |
14 |
76 |
|
Total |
87 |
110 |
80 |
68 |
345 |
2) Leasing Operations:
In collaboration with Leasing Association of Pakistan, IBP launched a 3-month certificate course on “Lease Operations and Management”. 22 officers from Leasing and Modaraba Companies attended the above program. Top of the line trainers from leasing companies conducted the course.
3) Courses on Islamic Banking:
| a) |
As advised by the IBP Council, the Institute held certificate course on “Islamic Banking”. 18 executives and officers from 7 different banks attended the program. |
| b) |
A 4-day course on “Murabaha and Ijarah” was organized. 32 executives of Dubai Islamic Bank Pakistan Limited attended the course. Dr. Mabid Ali Al-Jarhi, Financial Expert, Structuring & Coordination Department, Emirates Islamic Bank, Dubai conducted the course. |
| c) |
A 3-day course on “Istisna & Musharka” was held for the executives of Dubai Islamic Bank Limited. It was attended by 33 executives and officers. The course was conducted by Dr. Mohd Daud Bakar, President/CEO, International Institute of Islamic Finance Inc., Kuala Lumpur, Malaysia. |
| d) |
Another 4-day course on “Murabaha and Ijarah” for the employees of Dubai Islamic Bank Pakistan Limited, was conducted at Rawalpindi. 25 executives and officers attended the course. |
II CUSTOMIZED COURSES
Besides regular courses, the Institute holds customized courses tailored to meet the specific needs of the concerned bank/DFI. During the year under report, the Institute held 24 customized courses for 9 organizations. Details are given below:
| 1. |
6-week course for 21 Management Trainees of Soneri Bank Limited. |
| 2. |
Two 2-week courses for 51 HBFC Management Trainees at Karachi and Islamabad. |
| 3. |
2-week course on “Effective Branch Management” for 22 lady Managers of National Bank of Pakistan. |
| 4. |
Two 4-week courses for 25 Management Trainees of Saudi Pak Commercial Bank Limited at Karachi and Lahore. |
| 5. |
Two 4-week courses for 25 Graduate Trainees of Saudi Pak Commercial Bank Limited at Karachi and Lahore. |
| 6. |
Three 7-week courses for 100 Management Trainees of National Bank of Pakistan at Karachi, Lahore and Rawalpindi. |
| 7. |
6-week course for 21 Management Trainees of First Women Bank Limited. |
| 8. |
6-week course for 16 Management Trainees of United Bank Limited. |
| 9. |
12-week course for 16 Management Trainees of United Bank Limited. |
| 10. |
Two 12-week courses for 25 Management Trainees of Soneri Bank Limited. |
| 11. |
Two 2-week course for 50 Graduate Trainee Officers of Meezan Bank Limited at Karachi and Lahore. |
| 12. |
5-day course on “Risk-Focused Audit” for 25 officers of The Bank of Punjab at Lahore. |
| 13. |
6-week course for 39 Graduate Trainees of The Bank of Punjab at Lahore. |
| 14. |
4-week course for 16 Audit Trainees of National Bank of Pakistan at Karachi. |
| 15. |
6-week course on “Effective Branch Management” for 24 Lady Managers of National Bank of Pakistan. |
| 16. |
Three 4-day courses on “Banker – Customer Relationship” for 45 officers of the Hongkong and Shanghai Banking Corporation at Karachi, Lahore and Rawalpindi. |
During the financial year beginning July 2006, IBP has conducted customized training programs for:
| 1. |
Management Trainees of ABN AMRO Bank N.V. |
| 2. |
Management Trainees of the Hongkong and Shanghai Banking Corporation. |
| 3. |
Management Trainees of Allied Bank Limited. |
| 4. |
The executives/officers of Dubai Islamic Bank Pakistan Limited on “Islamic Banking: Murabaha & Ijarah. |
| 5. |
The executives/officers of Emirates Global Islamic Bank on “Islamic Banking: Products & Principles”. |
III COURSES ON “BUSINESS COMMUNICATION”
Considering the importance of Communication Skills for success in banking and elsewhere, the Institute holds specialized courses on “Business Communication”. During the FY 2005-06, the Institute held three courses on “Business Communication”, each of 4-5 days duration at Karachi.
Talk on “Demystifying Hundi Business”
The Institute has established society linkages for opening up communications channel and initiating dialogue on topical subjects. This provides a forum where executives from banks, financial institutions and the corporates meet, exchange views, share knowledge and keep themselves abreast of the changes and challenges lying ahead. As part of the above, the Institute held a talk on “Demystifying Hundi Business” on June 23, 2006. Mr. Hanif Akhai, former SEVP of HBL and presently Chief Executive Officer of Akhai Capital Management delivered the talk. It was well attended.
IV WORKSHOPS/TALKS BY FOREIGN SPEAKERS
Pursuant to its commitment to deliver quality education, training and other professional development activities, both within the country and abroad, the Institute has established knowledge association with reputed national and international organizations. Under this arrangement, top of the line scholars and experts are invited for imparting training to the middle and senior level executives of the financial services sector. Apropos of the above, IBP held the following programs / talks during the period under review:
International Visiting Scholars
|
Sl.# |
Name of Scholar |
Country/Organization |
Topics |
|
1 |
Dr. Richard Rosenburg |
CGAP, World Bank |
Micro finance: Issues & Challenges |
|
2 |
Syed Hussain Shaheed Soherwordi |
University of Edinburgh, Scotland |
Negotiation & Conflict Resolution |
|
3 |
Mr. M. Shahid Nawaz |
UK |
Dynamics of Global Foreign Exchange Markets |
|
4 |
Mr. Umar Rafi |
Canada |
Basel II Accord: A Complete Solution |
|
5 |
Mr. Klaus Leug |
Deutsche Bank Germany |
Dynamics of Banking in New Millennium |
|
6 |
Ms. Lalita D. Gupte |
ICICI Bank India |
Transformation of ICICI Bank of India |
|
7 |
Dr. Walter Kuemmerle |
Harvard Business School |
Entrepreneurial Qualities in Managing Upcoming Challenges and Issues |
|
8 |
Mr. Azim Jamal |
Canada |
Igniting the Untapped Potential |
|
9 |
Mr. Ian Charters |
U.K |
Business Continuity Plan |
|
10 |
Mr. Heinz Willems |
European Union |
Micro Finance |
|
11 |
Dr. Norbert Walter |
Deutsche Bank Germany |
The World Economy: How Serious a Cool – Down? |
|
12 |
Mr. Arnaud Ventura
Executive Director |
Planet Finance Paris (France) |
Micro Finance – Dynamics, Process and Prospects
|
|
13 |
Mr. Samuel Lam
Managing Consultant
|
Linkage Asia Singapore |
The World Best Practices in Leadership Development |
|
14 |
Dr. Datuk Rafiah Salim
Executive Director |
Malaysia Developing |
Leadership – Malaysia’s Initiatives |
|
15 |
Dr. Mabid Ali Al-Jarhi
Financial Expert |
Emirates Islamic Bank, Dubai |
Murabaha & Ijarah |
|
16 |
Dr. Mohd Daud Bakar
President/CEO |
International Institute of Islamic Finance Inc., Kuala Lumpur |
Istisna & Musharka |
V COURSES AT KABUL, AFGHANISTAN
IBP laid the foundation for international recognition and expanded the network of its activities internationally. In this context, IBP arranged following courses at Kabul, Afghanistan during the year 2005-06:
|
|
Three-day program on Marketing of Financial Services for the officers of Afghanistan International Bank. |
|
|
One week program on Basics in SME Credit, held at First micro Finance Bank, Kabul under Afghanistan Credit Support Program. |
|
|
One week program on Accounting for Credit Decisions, held at First micro Finance Bank, Kabul under Afghanistan Credit Support Program. |
|
|
Three-day program on Credit Management for the officers of Afghanistan International Bank. |
|
|
2-day course on “International Trade Finance” for the officers of Afghanistan International Bank. |
|
|
5-day course on “Fundamentals of Banking Business” for the officers of Azizi Bank. |
|
|
The Institute held a 2-week course on Dynamics of Banking at Karachi for 21 executives and officers of Da Afghanistan Bank (Central Bank of Afghanistan). This program was in line with a Memorandum of Understanding signed between State Bank of Pakistan and Da Afghanistan Bank to provide full support for the capacity building and human capital enrichment at DAB. It was the first time that a group of central bankers from Afghanistan attended a training program at IBP, Karachi. The training program covered important banking fields of Foreign Exchange, Money Market, Capital Market, Banking Products, Remittances, KYC and Anti Money Laundering. |
4. RESEARCH & PUBLICATIONS
Besides its Journal, published at quarterly rests, IBP has been bringing out a weekly “Economic Letter”. It is available on IBP website (www.ibp.org.pk). It is also sent through e-mail to a large number of stakeholders. The publication has been well-received by readers and is in big demand.
Besides its quarterly Journal and weekly Economic Letter, IBP published 12 books during the year under review. These are:
|
1. |
IBP Knowledge Plan – 2006 |
|
2. |
Strategic Management of Financial Institutions – Survival in 21st Century |
|
3. |
Managing Risk in Financial Sector |
|
4. |
Business Communication for Financial Services |
|
5. |
Accounting for Financial Services |
|
6. |
Laws Relating to Financial Services |
|
7. |
Management Accounting for Financial Services |
|
8. |
Information Technology in Financial Services |
|
9. |
Economics |
|
10. |
Bank Lending |
|
11. |
Managing Lease Operations |
|
12. |
ISQ Examination Papers – Summer 2006 |
Research Papers Competition
To encourage research on banking and allied subjects, especially among bankers, the Institute has been holding an essay competition annually since 1963. The competition is open to all -,bankers as well as non-bankers, and carries cash prizes of Rs 110,000/-, Rs 80,000/- and Rs 55,000/- for 1st, 2nd and 3rd prizes respectively. The competition has now been named as Research Papers Competition and is held twice a year. The topic for the Essay Competition (Summer) 2006 was “Opportunities and Challenges of Electronic Banking”. 58 essays were received for this competition. The topic for the Research Papers Competition (Winter) 2006 is “Low Cost Housing Solutions”.
5. IBP –UNIVERSITY KNOWLEDGE PARTNERSHIP
IBP is actively participating in the MBA (Banking & Finance) program of six Universities belonging to NWFP, Punjab and Balochistan. 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 and to redo the program format and curriculum. |
| 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) |
IBP offered a three-month Supervised Internship to all the students in banks and financial institutions. This is an annual feature where IBP makes all arrangements with the banks and assigns branches/departments. 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 Local Offices. |
This process has proved highly successful and the participating Universities are extending this from year to year. The students 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. IBP is providing Weekly Economic Letter, Quarterly Journal and other support to such knowledge seekers. Up till June, 2006 following programs have either been successfully concluded or are in progress:
1. Institute of Management Sciences – Peshawar
| • Batch-1 |
30 Participants |
| • Batch-2 |
29 Participants |
| • Batch-3 |
19 Participants |
| • Batch-4 |
30 Participants |
| • Batch-5 |
44 Participants |
2. Muhammad Ali Jinnah University – Islamabad
| • Batch-1 |
27 Participants |
| • Batch-2 |
24 Participants |
3. University of Central Punjab – Lahore
| • Batch-1 |
35 Participants |
| • Batch-2 |
52 Participants |
4. Gomal University – Dera Ismail Khan
| • Batch-1 |
60 Participants |
| • Batch-2 |
59 Participants |
5. Government College University of Faisalabad
| • Batch-1 |
38 Participants |
| • Batch-2 |
38 Participants |
6. University of Balochistan
| • Batch-1 |
05 Participants |
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 proved very good performers in the recruitment tests and job interviews. Further expansion of this program is in process. Requests from three more Universities are in process.
6. Knowledge Power House : Touching new heights
IBP website (www.ibp.org.pk) is now wearing a new look – A knowledge power house where you find most of the critical information on banking and finance under a truly dynamic environment. During July, 2006 it received over 3.2 million visitors with a daily average of over 104,000. Concurrent information, rich literature, valuable data and vibrant job openings resulted in continuous increase in the interest both from local and international visitors. IBP website is now receiving hits from fifty countries mainly from USA, UAE, Germany, England, Canada, Saudi Arabia, Australia, all EU countries, Malaysia, India and others.
The Home Page now operates as a knowledge menu with eight dedicated areas and over hundred sub items. The visitors may get a whole picture on one page and then choose to move in to specific knowledge area for dynamic information and links. Lets take a quick look at the knowledge power house:
Area-1 : Top line has six icons other than date and home
|
1.1 |
High Achievers: |
List of Gold Medalists and Prize Winners of IBP examination and competition. |
|
1.2 |
Picture Gallery: |
A pictorial presentation of IBP endeavors, events, programs. |
|
1.3 |
Opportunities: |
Job openings, local and international, updated on daily basis. |
|
1.4 |
Useful links: |
Web directory of domestic and international financial institutions. |
|
1.5 |
Site-Map: |
A compendium of all knowledge icons and sub icons. |
|
1.6 |
Contact Us: |
A ready to contact mechanism with ease and speed. |
Below this area is a moving strip “News and Events”
This dynamic area shows the latest IBP news, information, announcement and literature.
Area-2 : Left hand side has eighteen knowledge boxes
|
2.1 |
IBP Profile: |
Brief introduction of IBP under seven sub titles. |
|
2.2 |
Knowledge Spectrum: |
Brief introduction of IBP activities/endeavors. |
|
2.3 |
IBP Superior Qualification: |
Format, Syllabus, Rules, Past Papers, Schedule and Forms. |
|
2.4 |
Training & Development: |
Brief description of nine training initiatives. |
|
2.5 |
Recruitment & Promotion: |
A to Z of the service and accomplishments. |
|
2.6 |
Research and Publication: |
Research endeavors and IBP list of publications. |
|
2.7 |
IBP Quarterly Journal: |
Current issue of Quarterly Journal. |
|
2.8 |
MBA Banking: |
IBP integration with the Universities for high quality education. |
|
2.9 |
Research Paper Competition: |
New competition, rules and form. |
|
2.10 |
Treasurer: |
Rich collection of Articles, SBP Governor’s speeches, Research Studies and other. |
|
2.11 |
Library: |
Rules, forms and current additions/new arrivals. |
|
2.12 |
Advisory and Consultancy: |
Another facility and support for IBP knowledge partners. |
|
2.13 |
International endeavors: |
Description of IBP linkages with international organizations |
|
2.14 |
Scholarships: |
Particulars of the scheme and rules. |
|
2.15 |
IBP Annual Report: |
Report submitted to Annual General Meetings. |
|
2.16 |
Career in Banking & Finance: |
Job openings in the Banking Sector. |
|
2.17 |
ISQ and Recruitment Test Results: |
List of successful candidates. |
|
2.18 |
EBM: |
Effective Branch Management a high value certificate program. |
|
2.19 |
Customized Training Courses: |
IBP serving the banks through need based courses. |
Area-3 : The title “Current” signifying latest information under five categories
|
3.1 |
SBP & SECP Circulars: |
Latest circulars issued by two regulators. |
|
3.2 |
SBP & SECP Guidelines: |
Guidelines issued by the two regulators. |
|
3.3 |
News and Events: |
Fast happenings in the Economy and also at IBP. |
|
3.4 |
IBP – This Month: |
Systematic record of events, progress and tasks. |
|
3.5 |
IBP Economic Letter: |
Latest and complete archive. |
Area-4 : The title “Updates” signifying current status under five categories.
|
4.1 |
Economic: |
Eleven items giving uptodate status of Economy assessed by SBP. |
|
4.2 |
Banking: |
Eleven items covering critical banking data and assessment by SBP. |
|
4.3 |
Basel-II: |
Ten items describing BIS, core principles, Basel-II standard. |
|
4.4 |
Islamic Banking: |
Eight documents including ten years market plan and Glossary. |
|
4.5 |
Financial Statements: |
Latest annual statements of 23 banks. |
Area-5 - Scrolling news, events, programs and many more. Every important document released by SBP will be initially on this scroll.
Area-6 : IBP Directory : Ten items encompassing all the IBP linkages.
|
6.1 |
Council: |
The high powered Board of Governors. |
|
6.2 |
Committees & Boards: |
Six consultative and advisory forums. |
|
6.3 |
Institutional members: |
Fifty member banks and financial institutions. |
|
6.4 |
Stakeholders: |
152 banks, financial institutions, corporate and others. |
|
6.5 |
Fellows: |
354 Honorary Fellows recognized for achievements. |
|
6.6. |
Associates: |
607 Honorary Associates recognized for valuable services. |
|
6.7 |
Domestic Network: |
Eleven local centres and fifteen coordinating offices. |
|
6.8 |
Overseas Network: |
Twenty Overseas Coordinators. |
|
6.9 |
IBP Team: |
Head Office and Local Centre Teams serving stakeholders. |
|
6.10 |
Location and Contact: |
Location, IBP building, facilities and contact. |
Area-7 : Eight icons providing direct access to important websites.
|
7.1 |
Economic Survey 2005-06 issued by Ministry of Finance. |
|
7.2 |
Federal Budget 2006-07 from official site of CBR. |
|
7.3 |
Draft Banking Act 2006 to replace BCO, 1962. |
|
7.4 |
Foreign Exchange Rates direct through SBP website. |
|
7.5 |
KIBOR: Karachi Inter Bank Offering Rates from SBP website. |
|
7.6 |
UCP-600: A new document in making to replace UCP-500. |
|
7.7 |
Basel-II: The regime bound to takeover banks every where. |
|
7.8 |
Karachi Stock Exchange: Live trading directly through KSE website. |
Area-8 - Eight IBP publications and a new version of Adobe Reader. For each publication table of contents, price and order form.
We strongly recommend you to start your official day by clicking to (www.ibp.org.pk). From this site you are connected to some of the most important local and international website and that too on a dynamic pattern. IBP is aiming to make this website a true power house of knowledge and Insha-Allah we will succeed. |
