Diploma in Banking

Diploma in Banking & Financial Services (DBFS)

kib qualifications

Diploma in banking

Diploma in Banking and Financial Services (DBFS), is the first stage in the Institute’s qualifications and is intended to provide a good foundation in Banking and Financial Services. This level is targeted at new entrants in the banking industry who have not had the opportunity of a tertiary education and may lack basic knowledge in banking and finance matters.

Exam Registration Deadline:

| May Exams: 12th March, 2021

| October Exams: 10th September, 2021

Candidates can attempt the subjects in any order. Candidates pursuing Advanced Diploma in Banking & Finance, can also attempt any number of subjects desired with a minimum of two. The duration of the course is determined by how many subjects one takes per sitting.

Units offered

Elements of Banking

Introduction

This unit provides an understanding of basics in banking, which includes types of banking institutions, money and its forms, types of bank products and services, bank customers and banking risks.

The course also introduces learners into various policies and regulations regarding banking operations, as well as new developments in the banking sector in the region.

Objectives

At the end of this course candidates will be able to:

  • Understand banking as a business and its impact to the economy
  • Understand the banking environment and organizational set up
  • Understand various types of banking institution and be able to relate them to the existing institutions
  • Appreciate the role of central bank in managing the banking institutions in the economy
  • Understand various products and services provided, and to be able to link the products with the types of the banking institutions.

Business Communication

Introduction

Business communication skills is an introductory course that exposes candidates to Business Communication. The course imparts to the candidates requisite technical, soft and behavioral skills that are essential for their success during undertaking career developments. In addition, the course imparts to the candidate’s career planning skills and strategies that are essential for their career development.

Objectives

The key objectives of the course are to;

  • Expose the candidates to essential working skills and attitudes that are pertinent in working in the banking institutions.
  • Impart to candidates business communication skills such a writing, reading, listening, speaking, presenting, negotiation and meeting management skills.

LEARNING OUTCOMES

At the end of the course, candidates are expected to;

  • Acquire and master working skills and attitudes that are pertinent for their successful working in banking institutions.
  • Acquire and master essential business communication skills that they need to perform well in banks and beyond in the real world.
  • Plan their career and professional development.

Economics

Objectives

  • To equip the learner with the basic economic concepts, theories and principles that will enable him / her understand the economic and financial aspects of the banking industry.
  • To enhance the ability of the learner to understand related course units / areas of banking and finance.
  • To enable the learner to interpret and apply economic knowledge to the current world situation.

Recommended Reading List

  1. Economics for East Africa: G. R. Bradley
  2. Intermediate Economics: J. Harvey
  3. A Textbook of Economics by Hanson
  4. Economics, A basic Text: Moses J. W. Wesonga
  5. Economics for East Africa: Livingstone & Ord.
  6. Positive Economics: R. G. Lipsey

Business Calculations

Objectives

  • To develop the ability and confidence in using, manipulating, understanding and interpreting numbers, particularly in the context of the financial services industry.
  • To enable the learners to understand the basic numerical processes of statistics.
  • To introduce the learner to the world of information technology.

Examination Format

Time Allowed: Three Hours.
The paper is divided into two sections:

Section A: Consists of short answer questions of 2-3 mark, covering the whole syllabus. The total marks for this section will be 40. Candidates to answer all questions.

Section B: Consists of FIVE extended response questions of 20 marks each. The total marks for this section will be 60. Candidates to answer three questions.

Note: Some questions are divided into parts, covering different sections of the syllabus.

Calculators: Non-programmable calculators that are silent in operation may be used in this examination.

 

Accounting

Introduction

This unit provides and understanding of the basic principles of financial and managerial accounting and auditing to learners.

The course also introduces learners into to apply the skills acquired in fields such as banking, financial analysis and lending.

Objectives

At the end of this course candidates will be able to:

  1. Understand the role of Accounting within organizations.
  2. Understand the difference between financial, cost and management accounting.
  3. Understand financial accounting concepts and procedures.
  4. Understand the preparation, summarization and analysis of financial statements for sole proprietorships and of service merchandising firms.
  5. Understand financial accounting adjustments.
  6. Appreciate the basics of cost and management accounting.
  7. Appreciate the nature elements and techniques of auditing in banking.

Marketing & Customer Services

Objectives

This course aims at enabling the learners to develop their understanding of:

  • Special characters of financial services and their marketing implications.
  • Marketing planning and conducting sales within the competitive environment.
  • Customer services and the importance of customer relations.

Examination Format

Time Allowed: 3 hours

Examination Format: The paper consists of seven questions of which any five are to be answered.

Calculators: Non-programmable calculators may be used if required.

Foreign Exchange & International Trade Finance

Objectives

The learner should be able to:

  • Understand the basic principles and environment of foreign exchange market operations.
  • Understand the products provided by banks and their specialist subsidiaries in international trade and the benefits of these products to the customers.
  • Explain the roles of various bodies and institutions, and their impact on foreign exchange operations.

Examination Format

Time Allowed: Three hours

Examination Format: The paper is divided into three parts:

Part A: Consists of THREE QUESTIONS of which TWO should be answered.

PART B: Consists of THREE QUESTIONS of which TWO should be answered.

PART B: Consists of TWO QUESTIONS of which ONE should be answered.
Each question is worth 20 marks.

Note:
Questions from part A of the examination paper will come form PART A of the syllabus.
Similarly, Questions from PART B and C will come from the respective sections of the syllabus.

Calculators: Non-programmable calculators that are silent in operation may be used in this examination.

 

Introduction to Law Relating to Banking & Finance

Introduction

This unit provides candidates with knowledge of banking law, and how banking practice is affected by the laws of the land.  It provides an understanding of the legal relationship between banks and their customers as it applies to various banking services and operations.

The Course also touches on various cases and issues which have been disputed based on the legal stand of various countries.

COURSE OBJECTIVES

At the end of this course candidates will be able to:

  • Understand the legal standing of bank and bank customers
  • Understand and apply the important legal aspects in banking operations
  • Understand and apply the principles of practical banking operations

Qualification Brief

DBFS Details & Requirements.

First semester runs from January to May while second semester is July to October / November each year for the professional qualifications.

Application for Exemptions

Applications for exemptions must be made on the prescribed forms and must be submitted together with a non-refundable fee of Kshs. 2,000.00, plus the examination fees for each subject exemption is sought.

New Students Registration

*Membership (Annual Subscription) is paid once in a year. All students / members are required to pay their membership in January of every year OR the anniversary of joining.

*Examination Registration deadline for May 2021 sitting is 7th March 2021.

*Late Examination payment will attract a penalty of Ksh.1000/=. Late examination payment starts on 8th March and closes on 21st March 2021.

*Deferrals to the next sitting may be granted where a candidate makes an application in writing before the last date of exam registration i.e. 21st march.

*Fees for tuition is payable at the beginning of the semester – (Tuition is Optional). Dropping of classes (Tuition) will not be allowed after the 2nd lesson.

 

Minimum Requirements:

KCSE ‘C’ Plain, or 2 years working experience in Banking & Financial Sector, or CPA Part 1, or any other course as may be deemed relevant.

Caution Money:

Ksh.2500 (Refundable)

Membership:

Ksh.3000 or Based on membership levels.

Tuition Fee (Optional):

Ksh.6,000 per unit, per semester.

Examination fee:

Ksh.3,000 per unit (subject).

  1. Bronze – Kshs. 3,000
  2. Silver   –  Kshs. 5,000
  3. Gold    –  Kshs. 10,000
  4. Platinum – Kshs. 20,000
  5. Associate Members (AKIB Qualifiers) – Ksh. 10,000
  6. Fellows Subscription – Kshs. 15,000

*Payment Details

A/c Name: Kenya Institute of Bankers
A/c No: 0948011662
Bank: ABSA Bank of Kenya, Queensway House Branch.
M-Pesa: Paybill Number – 547718, A/C Number, Member’s Name OR M/ship Code.