Bankers and officials of financial institutions will have to play the leading role in transforming the country into a developed one by 2041.
Experts came up with the remark while addressing a Graduation Ceremony of BIBM’s Certification Courses organized by Bangladesh Institute of Bank Management (BIBM) at its premises in the capital on Friday.
Speakers also urged the bankers to be more productive, innovative and committed than ever before.
Fazle Kabir, Bangladesh Bank (BB) governor and chairman of the BIBM Governing Board, was present at the event as chief guest.
Md Arfan Ali, president and managing director of Bank Asia Limited, delivered the ceremonial lecture on behalf of the Association of Bankers, Bangladesh Limited (ABB).
Besides, Dr Shah Md Ahsan Habib, professor and director (training) of the Certification Programmes of BIBM, delivered the inaugural speech while Dr Toufic Ahmad Choudhury, director general of BIBM, was in the chair.
BB Governor Fazle Kabir said banking nowadays has become a knowledge-based and dynamic profession. Hence improving the capacity of the banking industry is imperative. In addition to the bank level initiative to enhance the capacity, BIBM is also doing the needful since its inception.
“With 45 years of history, the Institute has definitely lived up to its mission of enhancing and sustaining professionalism in banking. Over the years, the Institute has helped hundreds of thousands of practitioners as well as graduates eager to join the industry, to acquire essential banking skills and to stay tuned with the latest knowledge of the industry,” said he.
He also said, “There is a little-bit concern about non-performing loans that are manipulated in our economy. However, there is no liquidity problem and good stability in banking sector. In 2009, our economy was hardly 80 to 90 billion dollars; today, the economy is more than 280 billion dollars.” By this period the size of the economy has been tripled with export becoming more than double and the foreign reserve having been tripled too, the governor said.
“A lot of our researchers are continuously giving simple solutions to critical problems. In our banking system, there is a problem of long term lending based on short term deposits,” said Fazle Kabir.
Ari Lehavi, executive director of the Moody’s Analytics, said, “Our joint certification programme will help ensure that lenders will hold the highest standard in credit proficiency, which in turn will promote a strong capacity building within the industry as well as a robust and healthy financial system.”
He also said, “We look forward to continuing our fruitful collaboration with the BIBM and with the esteemed institutions of Bangladesh to help you achieve your ambitious learning and credit risk management goals.”
Md Arfan Ali, president and managing director of Bank Asia Limited, said certification programs will accelerate the capacity development process banking industry further.
Dr Shah Md Ahsan Habib, professor and director (training) and director of the Certification Programs of BIBM, said BIBM launches these certification programs not only for the capacity development of the bankers but also to enrich themselves with the current global banking issues. Nowadays some critical and essential areas like financial crime, money laundering, international trade payment and financing, electronic banking and IT security issues, SME banking etc are getting more attention for training needs.
“These Certification programs are relatively recent addition to our endeavour that combines both online and offline platforms to optimize the benefits of both modes for the capacity development of the bankers of Bangladesh,” he added.
Dr Toufic Ahmad Choudhury, in his concluding speech, emphasized capacity building of bankers.
This is the first Graduation Ceremony of BIBM for the Certified Expert Bankers of three programs: Certified Expert in Risk Management (CERM), Certified Expert in Credit Management (CECM), and Certified Expert in Trade Services (CETS).
A total number of 81 graduates were awarded certificates in the programme.
BIBM launched four more Certification Programs during the event: Certified Expert in Anti-Money Laundering and Financial Crime (CEAF); Certified Expert in E-Banking (CEEB); Moody’s-BIBM Joint Certificate in Commercial Credit (MBCICC); Moody’s-BIBM Joint Certificate in SME Credit (MBCSMEC).
Media partners of the programme were Bangladesh Post, business daily Bonik Barta, and Arthokhobor (Online News Portal).