The Banking Institute of Liberia (BIL) shall begin its public engagement training program referred to as BIL Enterprise Program on Monday, May 29, in the country.
This followed the formal launch yesterday, May 25, in Monrovia attended by scores of university or college graduates who are eager to sharpen their capacities in every aspect of the banking and financial sector globally.
It is the second-tier training package that comprised of professional certificate courses in banking and finance, internal audit and controls, lending and credit administration.
Others are compliance and corporate risk management, procurement and supply chain management, digital banking and human resource management while the business development course are micro-finance management, small business development and entrepreneurship.
BIL’s Director, Richard S. Panton, speaking during the formal luncheon on Thursday explained that to be admitted in the professional certificate course, one should be either a college graduate or a prospective college graduate while the business development courses admit high school graduates and senior level university students.
He stated, among many things, that these capacity building initiatives will provide the requisite skills and knowledge for the professional and managerial competencies of staffers in the banking sector as well as capacitate those wishing entry into the sector for effective performances to engender service delivery.
Panton said it is BIL’s wish to elevate these certificate courses to diploma levels with specialization stating that the diploma level participants will have the opportunity to benefit from internship to acquire hands-on skills and knowledge to prepare them for entry into the labor market.
“Faculties for this program are drawn from a pool of Liberia’s top-notch banking and financial management professionals’ arm with blended learning methodologies,” the BIL boss noted.
Panton advanced further that it is BIL’s way of beginning the consolidation and institutionalization of banking education in the country, adding, “We are convinced that with trained and skilled personnel in the banking sector, there will be undisputed effectiveness and efficiency in service delivery.”
He then paid tribute on behalf of the senior management team and staff of the Institute to the Board of Directors, the Executive Governor and senior management of the Central Bank of Liberia (CBL) and the Liberia Bankers Association (LBA) for their continuous support to the work of the Institute.
Panton noted that the support to the Institute is a glaring manifestation of their desire to build capacity to improve performance aimed at engendering effective and efficient service delivery in the banking and financial sector of the Liberian economy.
“The Institute is mandated to provide cutting edging training and capacity building support to improve the managerial, administrative and professional competencies of staffers in the banking and financial sector, provide banking and financial management training and consultancy services as well as build the capacity of those desirous of entry into the sector,” he said.
Consistent with this mandate, Panton explained that the Institute has trained over 400 staffers across the banking and financial sector in the country therefore the enterprise program luncheon is another milestone in the history of the Bank Institute of Liberia (BIL).
