Kenya institute of Bankers

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ANNOUNCEMENTS

 

 

Welcome to KENYA INSTITUTE OF BANKERS PDF Print E-mail
The Kenya Institute of Bankers was established in 1979 under ?The Societies Act (Cap 108 of the Laws of Kenya)?, to replace the
Chartered Institute of Bankers ( London ) as a provider of Banking Education and Training in Kenya .

The Institute is reputed as a professional Association for Banks and Financial Institutions in Kenya . Its membership profile includes the Banks and other Financial Corporate Institutions, bank employees and/or ordinary students. The Institute is the leading provider of banking education and training in Kenya and has over 5,000 members countrywide, amongst, whom are Associates (qualified members) and Fellows (distinguished Senior Bankers).

MISSION STATEMENT

VISION

?To promote professional banking education through the co-ordination and provision of advanced knowledge and professional qualifications in banking and Finance?.

?To be the First choice for every bank/Financial Institution in the provision of Banking Education and Training in Kenya ?.

OBJECTIVES
The major objectives of the Institute as per its Articles of Incorporation and By-Laws are as follows:-

?  To promote standards of professional competence and practice amongst members of the Institute;{mospagebreak}
?  To promote the international recognition of the Institute;
(c) To promote, encourage and provide opportunities for members to study and acquire knowledge of the theory and practice of banking and to facilitate the consideration and discussion of matters of interest to bankers and persons associated with banks and financial institutions;
?  To prepare syllabuses for Bankers examinations, to make rules with respect to examinations, to arrange and conduct examinations and issue certificates to candidates who have satisfied examination requirements;
?  To award prizes, certificates and diplomas to candidates who have passed the prescribed examinations of the Institute;
?  To exercise general supervision and control over banking education in Kenya and to advise the Government in relation to all aspects thereof;
?  To prescribe standards and policies for the conduct of professional examinations;
?  To constitute and confer honours, medals, certificates of merit and other awards on persons who shall have rendered distinguished service to the institute or made outstanding contributions to the objects of the institute provided such award or honour has received prior approval of the institute in a general meeting;
?  To foster the planning, organization and co-ordination of and to organize and conduct by way of training courses, professional training and education in Kenya in the field of banking;
?  To promote research in the field of banking and other related financial matters and the publication of books, periodicals, journals and articles in connection therewith;
?  To provide facilities for the reading, discussion and publication of approved papers by members of the Institute and others, and to arrange for the delivery of lectures and provision of instruction on banking, mercantile law, economics, foreign languages and other subjects of interest or practical use to bankers;
?  To fund and operate a library containing principally, works on banking, commerce, finance, economics and allied subject;
?  To confer, consult, communicate or co-operate with any other professional or educational institution, society or association with a view to the pursuit of common objects in banking and related subjects and to represent the banking profession both nationally and internationally;
?  To affiliate, as the Council deems fit, with any body or organization whether in Kenya or elsewhere whose interests and/or objects are similar, related or complementary to those of the Institute; and to promote recognition in foreign countries of the examinations conducted by the Institute.
?  To do such other things and take such measures as may be considered desirable in the interest of bankers and banking in Kenya . {mospagebreak}

EDUCATION AND PROFESSIONAL PROGRAMMES

The Kenya Institute of Bankers' principal objective is to promote banking education and professional excellence by providing high quality and specialized educational programmes that will cater for a wide range of students in Kenya.

In order to develop qualified and competent humanpower for the banking and finance sector, the institute provides professional qualifications in two stages, which also lead to attainment of the Bachelor of Science in Business Administration or Bachelor of Science in International Business Administration Degree from the United States International University (USIU).

The most significant attribute in the three-tier educational structure is that it provides direct entry into employment (for those seeking employment), while it also allows one to continue with education for those already in employment.

The three stages, from Certificate, to Diploma (Associateship) to Degree are summarized as follows:

STAGE I: CERTIFICATE IN BANKING AND FINANCIAL SERVICES (CBFS)

Eight Subjects
?  Elements of Banking
?  Economics
?  Business Communications
?  Business Calculations
?  Accounting
?  Marketing and Customer Service
?  Foreign Exchange and International Trade
?  Introduction to Law Relating to Banking & Finance

The Certificate in Banking and Financial Services (CBFS) is the first stage in the Institute's qualifications and is intended to provide a strong foundation in Banking and Financial Services. This level is targeted at new entrants in the banking industry who may be lacking basic knowledge in banking and finance matters. The certificate should also be the basic requirement for hiring staff at clerical levels in a bank or financial institution.

For those already employed but lack any banking qualification, the Certificate should be the basis for promotion to senior clerical and/or supervisory positions. On the other hand, the Certificate should serve as the starting point for an advanced or professional qualification in banking for those who cannot be granted exemptions or do not posses a University Degree or equivalent qualification.

To qualify for the attainment of Certificate in Banking and Financial Services, one must be examined in the above eight subjects, which are considered essential in laying a strong foundation in Banking and Financial Services. Candidates must pass all the eight subjects unless they have been granted exemptions.{mospagebreak}

STAGE II: ASSOCIATE (DIPLOMA) OF THE KENYA INSTITUTE OF BANKERS (AKIB)

Core Subjects

Optional Subjects

?  Financial Reporting Analysis and Planning

?  Financial Management

?  The Monetary & Financial System

?  Law & Practice for Mortgage Lenders

?  Management & Organization

?  Insurance

?  Law and Practice Relating to Banking & Finance

?  Investment

?  Strategic Marketing Management

?  Lending

?  Management of Information Technology

?  International Trade Finance

?  Taxation

To qualify for the award of ?Associate of the Kenya Institute of Bankers?, designatory letters ? AKIB ?, one must be examined and obtain passes in nine subjects, consisting of seven core, which are considered essential for every practicing banker and two options.

The Associateship qualification provides a person who has chosen banking as a career a strong foundation for further advancement. With the increased recognition and acceptability of the qualification by the banking and finance industry, it is a favorable starting point for promotion into general management and subsequently to senior management.

An Associate holder will be equipped to serve in supervisory and management positions in the various fields within the banking and finance industry such as Commercial Banking Operations, Branch Management, Foreign Exchange and Treasury Management, Corporate Banking, Mortgages, Electronic Data Processing, Personnel and Human Resources Development and other specialized units within a bank or any Financial Services Organization.

ENTRY REQUIREMENTS
Candidates for the Certificate Level must satisfy the following entry requirements:

?  Must be members of the Kenya Institute of Bankers.
?  Must have attained at least a ?C? plain in English and Mathematics at the KCSE Examination; or ?C? plain in English with any Business Subject e.g. Commerce or ?O? level Division 2 with credits in Mathematics and English, or ?A? level with one Principal Pass in Economics or Mathematics.
?  Any other qualification approved by the Institute at the recommendation of the Examinations Board.

Candidates for the Associateship Level must satisfy the following requirements:
?  Must (if not a university graduate) have attained the Certificate in Banking and Financial Services.
?  Must be a registered member of the Kenya Institute of Bankers, in employment in the industry, director or proprietor of an establishment rendering banking and financial services.

STAGE III: BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
In partnership with the United States International University , the Institute's Associateship qualification has now been linked to the Bachelor of Science (BSc.) in business Administration (honours) Degree. Successful AKIB holders/qualifiers will automatically enter into the Business Administration Degree Programme with an accumulated set of credits for exemption in various subjects.{mospagebreak}

The award of the BSc. in Business Administration Degree is dependent on the accumulation of 180 credits gained by taking a combination of concentration and minor subjects. The Associateship (AKIB) counts for over 80 credits towards the Degree. Combined with a solid qualification in banking (AKIB), the BSc. honours program provides a strong foundation in the basic concepts of the business and corporate world, introducing students to a broad spectrum of scenarios in business and management with an emphasis on practical applications.

As a core business management program, the BSc. honours program provides persons with banking and other professional qualifications the necessary flexibility and portability to pursue a wide range of careers, besides banking, in the business world.

he BSc. in Business Administration is also the basis for further and advanced education into the Master's and Doctorate programs, for those interested in pursuing higher education.

 

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