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History

On the 28th June 1991 the Botswana Institute of Bankers was registered as a corporate body under the Societies Act.

The story, however, goes back five years, at which the concept of establishing a local Institute of Bankers was first conceived. Chief Executives of the commercial banks operating in Botswana at the time met with the then Governor of the Bank of Botswana, Mr Quill Hermans, to discuss how the training of citizen employees might be better promoted and coordinated.

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Prior to the establishment of the Institute of Bankers in 1991, members of the banking institute in Botswana were members of the Institute of Bankers in South Africa or the Chartered Institute of Bankers in London.

The prime objective in forming the Institute was to establish a localised examination structure backed by external moderation and recognition of the examinations, working towards the award of their own diplomas. They were also seen to promote greater professionalism, integrity and cooperation within the financial industry in Botswana.

Now that the Institute has been established and is running smoothly, many of the joint operations formally conducted by the individual members of the banking system are now undertaken by the Institute.

The Botswana Institute of Bankers, after much hard work, has launched “Localised” subjects at all levels of the Institute’s examinations.

The Botswana Institute of Bankers is indebted to both the Institute of Bankers in South Africa and the Chartered Institute of Bankers in London for all their support and guidance throughout.

The Institute has been, and continues to be, in the forefront espousing the cause of banking education in Botswana and encouraging bank employees to undertake systematic study of the theory and practice of banking with a view to enhancing the efficiency of banking services.

Candidates who successfully complete the examinations are awarded certificates, in particular the Associate Diploma Certificate of the Institute that bankers in Botswana can treasure as proof of their fine personal achievement. They are held in high esteem by fellow bankers and society at large, as those who appreciate the value of such practical education and the role that human capital plays in the economic development of the country.

In June 2009 the Institute will enter its eighteenth year of service to the banking community in Botswana. With its foundations well laid down and its Associate Diploma highly coveted, the Botswana Institute of Bankers is poised for attaining greater heights.

Organisation

The governance of the Institute is vested in the Council, which consists of members who are elected for a period of two years.

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The Council has the powers to make regulations and to appoint committees to assist in the management of the Institute Affairs. Council meets every three months.

The Secretariat at the Institute is headed by the Director who serves as the Chief Executive of the Institute. The Secretariat is responsible to the Council for all administrative affairs of the Institute.

Goals & Objectives

The principal objectives of the Institute as laid down in the constitution are as follows:

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a. to promote banking as a career and profession in Botswana;

b. to establish and promote the practice of a code of ethics for bankers;

c. to provide opportunities for members to acquire a knowledge of the theory and practice of banking.

d. to provide a forum for the consideration and discussion of matters of interest to financial institutions;

e. to take any measures which may be considered desirable to further the interests of banking and persons associated with banking;

f. to provide facilities for the teaching of banking theory and associated subjects;

g. to provide facilities for the reading and discussion of approved papers and to arrange for the delivery of lectures on banking and kindred subjects;

h. to establish and maintain libraries and collections of material pertaining to banking;

i. to arrange for the holding of examinations, to prescribe the syllabuses for such examinations, and to grant and award certificates, diplomas and prizes, monetary or otherwise, to successful and/or deserving candidates;

j. to provide facilities for social functions among its members and between its members and those of other bodies, societies or institutes of a kindred nature;

k. to arrange for the production, publication, issue and distribution of publications pertaining to banking and allied subjects, including a Journal, which shall be the official publication and communication organ of the Institute.

Event Calendar

Upcoming Events

 
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