12/10/12

EIBFS reinforces support for UAE’s Emiratization initiative with roll out of 480 training programs in 2013



    Institute’s ‘Annual Training Plan’ to include e-learning and leadership development programs

      2013 will witness official launch of Dubai Academic City Campus

December 10, 2012

The Emirates Institute for Banking and Financial Studies (EIBFS), the sole provider of specialized knowledge and enhanced learning experiences for the UAE banking and financial sector, has announced details for its ‘Annual Training Plan’ for 2013, during a press conference held today (Monday, December 10th) at the EIBFS campus in Sharjah. The ‘Annual Training Plan’ includes the addition of 14 new program offerings to the institute’s 480 offered courses, which have been designed to comply with training requirements presented by UAE-based banks while also targeting newly graduated UAE Nationals. The 2013 plan shows an 18.5 per cent increase in the number of training programs as compared to 2012.

According to EIBFS, the creation of the new ‘Annual Training Plan’ was based on several key objectives, which include the move to elevate the performance of employees in the banking and finance segment, particularly workers in middle and upper management positions; to provide further support and help in the move to promote human resource development trends and to support the country’s bid towards Emiratization. A major factor considered in developing the program is the opening of the new EIBFS campus in Dubai Academic City, which is strategically located within a large gathering of banking and financial institutes. In addition, the plan is also the result of a review and evaluation made on the previous year’s program. In a bid to create a plan that could meet current training demands, the institute conducted a series of meetings with training managers and HR directors from banks across the UAE.

155 training programs, representing 32.3 per cent of the 2013 ‘Annual Training Plan,’ will be offered at the new Dubai Academic City campus; 18 training programs will be offered in the Al Ain campus; 14 training programs will be offered in the Fujairah campus and three pioneering programs in the Ras Al Khaimah campus. One of the highlights of the new ‘Annual Training Plan’ is the opening of 65 e-training programs.

“We are very confident that the 2013 ‘Annual Training Plan’ will play a significant role in the efforts to raise the level of national employment in the UAE banking and finance segment. The success that we are expecting to achieve for this new series of remarkable course offerings will rely heavily on the support and collaboration of all officials, industry players and the technical and administrative departments of EIBFS,” said Jamal Al Jasmi, General Manager, EIBFS. “We would like to express our sincere gratitude to the officials, trainers and HR personnel who have helped in providing us input and feedback—giving us a better understanding of the country’s current training requirements for banking and finance.”

EIBFS will also be launching new professional certification programs in partnership with several international banking institutions. These new course offerings are being positioned to act as a catalyst for undergraduates and job seekers wishing to embark on a career in banking. Some of these programmes include Credit Card Management (CCM) - Certification with Hong Kong Institute of Bankers (HKIB); Certified Documentary Credit Specialist (CDCS) - Certification with the British Institute of Financial Services; ACCA Certification with the Association of Chartered Certified Accountants and many more.

“2012 was a good year for us as we have witnessed a dramatic improvement in our offered financial diploma and Baccalaureate programs. This strong positive response has led us to the creation of a Master’s Program in Banking, which has been designed based on criteria set by the UAE Ministry of Higher Education and Scientific Research. This new program will be offered in collaboration with some of the world’s leading educational institutions. We will be announcing this new Master’s program once it gets approved by the Ministry,” concluded Al Jasmi.
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About the Emirates Institute for Banking and Financial Studies (EIBFS)
The Emirates Institute for Banking and Financial Studies (EIBFS) is the UAE’s sole provider of specialized knowledge and enhanced learning experiences for the local banking and finance sector. Established in 1983, the institution offers a wide range of both training and academic programs that have been developed to meet the needs of the country’s banking, insurance and finance sectors. Bolstered by its vision to become a leading institution that provides world-class education and training in banking and finance at local, regional and international levels, EIBFS has also forged strategic partnership with leading international institutions abroad. With campuses located in Sharjah, Dubai and Abu Dhabi, the institution continues to remain true to its three-fold objective of raising the standard of performance of the banking workforce; qualify UAE nationals for successful careers in the industry and strengthen the country's pool of skilled nationals.