EIBFS trained a total of 9,701 professionals

UAE nationals comprise 25% of the total participants

434 training and educational programs delivered in first six months

Dubai, UAE – The Emirates Institute for Banking and Financial Studies (EIBFS) has reported the participation of a high number of professionals in its programs during the first six months of this year, ended June 30, 2017.

During the period, EIBFS trained a total of 9,701 financial professionals and students, including 2,473 UAE nationals representing 25 percent of the total number of participants. The training of nationals is in line with the vision of the UAE leadership to enhance the capabilities and professional qualifications of its own citizens.

Jamal Al Jasmi, General Manager of the Emirates Institute for Banking and Financial Studies, said: "The growing number of participants in our programs reiterates our position as one of the leading financial educational and training institutions in the region. Mandated to promote Emiratization efforts, we at EIBFS are delighted to support the emerging talent among our young UAE nationals who are keen to explore new careers or advance in their banking and financial jobs. The empowerment of citizens in the financial sector in the country is a top priority for the Institute. Given the continued growth registered by various sectors in the UAE, we recognize the urgent need for active participation of nationals in diverse fields.”

Al Jasmi added: “The figures we have achieved in the first half of the year reaffirm the Institute’s commitment to establishing high industry standards and developing initiatives in line with the needs of the market.”

The Institute delivered a total of 434 educational and training programs in various sectors of finance. EIBFS also organized 45 special training programs, 52 programs in the insurance sector, 40 e-learning programs and seven specialized workshops with 940 participants, all designed to meet the training requirements of the banking sector. All the programs adhered to the highest professional standards of the insurance and banking industry.

As part of the continuous development of senior UAE nationals in the banking sector, EIBFS along with UAE banks nominated 11 professionals to attend the annual Leadership Development Program at the University of Virginia, USA, in May 2017. The Institute also hosted several seminars for the financial community inviting senior experts across industry and consultancies to share their knowledge and experience. Topics included VAT for corporates and SMEs, new commercial companies law and insolvency law and the need for banks to prioritize cybersecurity programs.

-Ends-

About EIBFS
The Emirates Institute for Banking and Financial Studies (EIBFS) was founded in 1983. As a leading independent training centre, it offers world-class education, training and allied services in the critical areas of banking and finance. Based in the UAE, EIBFS currently has three campuses for education and training services located in Sharjah, Abu Dhabi and Dubai. The Institute has made substantial contributions to the careers of thousands of students and working professionals in the financial services sector. EIBFS is also a strong supporter of Emiratization and has launched various initiatives that have greatly helped to promote the careers of Emiratis. All academic programmes offered by EIBFS are accredited by the Commission for Academic Accreditation (CAA), Ministry of Higher Education and Scientific Research. Students who have successfully completed these programmes have found productive employment at various levels in banks and financial institutions in the UAE and around the world.

© Press Release 2017