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BENEFITS
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HOW TO JOIN

BENEFITS OF MEMBERSHIP

a) Membership of the Institute entitles the individual to take part in the professional examinations moderated by the Institute of Bankers in South Africa.

b) The FREE use of the library at the Institute premises in Gaborone which provides a trove of information, boasting a wide selection of textbooks (relevant to the courses offered at the Institute, law reports, periodicals, taxation schedules, press cuttings, bank reports etc.

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c) The Institute arranges seminars on topical issues at a reduced fee.

d) You may get involved in the various social events organized by the Institute e.g. Annual Dinner, Annual Inter-Bank Quiz, Associate Luncheons, Meet the Examiner Luncheons etc.

e) Tuition classes

CATERGORIES OF MEMBERSHIP



a) Corporate Members

Any financial institution admitted to membership at the discretion of Council. Corporate members contribute to the budget shortfall of the Institute.

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b) Fellows (F.B.I.B.)

Fellowship is the highest grade of membership and some of the top people in the financial services are F.B.I.B.s. A special application form has to be filled out by the applicant. Fellows shall be elected by Council, in Recognition of their special contribution to the Institute.



c) Associates (A.B.I.B)

People who may be admitted as Associates include:


i) members who have completed their examinations
ii) those who have completed their Associateship examinations in banking with recognised Institutes like the Chartered Institute of Bankers in London and the Institute of Bankers in South Africa. In certain instances applicants may be required to write a qualifying subject of the Institute's choice.



d) Ordinary Membership

Is open to all staff of approved banking or financial establishments. Application for membership must be made on the special forms available from the Institute.
Subscriptions fall due on 1st January each year.



e) Affiliate Members
Affiliates those are members not employed by any of our Corporate Members. The Institute only offers affiliate membership to those who are genuinely interested in studying banking courses



f) Termination of Membership
Resignations from membership must be in writing and must be received before the 1st January to become effective for the ensuing year.
The member remains liable for the annual subscription in respect of the year he/she resigns.
To rejoin as a member, a "rejoining fee" equal to one year's membership fee is payable.

HOW TO JOIN

Banking Certificate

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a) Am I eligible?

- Open to all clerical staff of our corporate members. No previous qualifications required (ordinary members).
- For affiliate members a minimum of a pass in form 5 is required.
- Direct entry to Associate Level if member has a first degree from a recognized university.

b) How do I begin?
1. Register as an ordinary or affiliate member of the BIOB, i.e. fill membership form and pay membership fee.
2. Apply for exemption in the appropriate form if you have prior qualifications.
3. Register for evening classes on the special form sent to members when enrolment time is due and pay the required course fees (please refer to schedule of fees). You have an option to study through correspondence but purchase of study material is compulsory.
When ready - send examination entry form to the Institute along with examination entry fee. This is also sent to members every time the examination entry date is due.


c) Exemptions
The Institute naturally recognizes members' prior educational qualifications and grants exemptions on such previous qualifications, wherever possible. e.g. The Institute recognizes equivalent Associateship examinations like IOBSA (Institute of Bankers in South Africa), Z.I.O.B. (Zimbabwean Institute of Bankers), University Diploma etc. Exemptions are granted on a subject for subject basis. Applications for exemption should be made in writing, on the appropriate form, providing full details of the qualification held, including an official transcript listing all subjects passed. An EXEMPTION FEE is charged (refer to schedule of fees).


d) Time limit
None - for completion of Associateship.


e) How long does the programme last?
Although candidates are encouraged to take up to 3 subjects at a particular level, in one sitting, if possible, to get the examinations over within a reasonable time, candidates, may set their own pace and even take one subject at a time. N.B. Several students have taken all subjects at a particular level and passed in one sitting. They then become eligible to compete for our special completion prize.


f) Sequence of subjects
Candidates:
(a) may take subjects, within a level, in any sequence provided the timetable allows it!
(b) are strongly advised to follow any guidance concerning prior study given at the start of individual subject syllabuses (e.g. candidates for Accounting II are advised to study Accounting I first and Lending should also be preceded by Accounting).
Despite being exempted from Certificate, graduates who never did Accounting are advised to do Accounting I at the Certificate level to enable them to cope with Accounting at a higher level.

g) Preliminary order
Candidates are allowed to carry only one subject forward to the next stage not more. E.g. If you have passed 3 subjects at the Certificate in Banking and you are left with 1 subject to complete, you can take this subject together with some subjects from the next stage, which is the Associate Diploma Stage 1. But if you are left with two subjects or more you will not be allowed do some subjects at the next stage until you have passed those subjects. The carried subject must be passed before progress to subsequent further stages, for example, one certificate level subject can be carried forward to the level, but this certificate subject may not be carried forward to the Associate Diploma Stage II.

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