The Banking Institute of Liberia (BIL) the premier institution in banking and financial management in the country has formally launched its Enterprise Programme.
It is intended to provide specialized training in banking and financial management-related subject areas with a complementary effort to what various universities in the country are offering.
With such initiative the Central Bank of Liberia (CBL) has announced 20 scholarships to deserving university graduates who are passionate in taking up specialized training in banking and financial management at the Institute.
Mr. Amaso Bawn, Director of Financial Market at Central Bank of Liberia made the disclosure during the Institute’s second training cycle formal closing programme on Friday, 21 February in Monrovia.
He spoke on behalf of Central Bank of Liberia (CBL’s) Executive Governor and Chairman of the Board of Directors of the Institute, J. Aloysius Tarlue, as Keynote Speaker and Chief Launcher of the programme.
Bawn then paid tribute to the Institute for its human capital development programme in the financial and management sector of the country (Liberia).
BIL’s Director General, Richard Panton, who spoke earlier, said the Enterprise Programme, the first of its kind in the country, is divided into two components; Professional Certificate Courses which are examination-based leading to the award of Certificate of Achievement, and the Professional Development Courses of mostly syndicate practical exercises for the award of Certificate of Completion.
He said these are medium term banking and financial management related professional courses that are designed to respond primarily to stakeholders of the sector wishing to upgrade their professional skills and also address the knowledge requirement needs of people desiring entry into the sector.
Panton, an Assistant Professor of Economics at Ibrahim Banamasi Babangida (IBB) Graduate School of the University of Liberia, indicated that findings from pre and post training evaluations point to up-scaling the courses to advanced levels.
Reporting on its achievement, he said the second cycle marked another milestone in the Institute’s history in a year. Panton noted that the certification of 80 candidates who completed the Institute’s training of 2019/2020 number to total of 212 participants nominated from the Central Bank of Liberia, Liberia Bankers Association (LBA’s) member institutions and that of Diaconia MDI.
“This could not have been made possible without stakeholders’ support. The dividends of your support to the Institute pay off in two particular ways,” he noted.
He stated further that it helps to provide training to upgrade the innovative and problem solving skills of staffers and also serves the basis to stratify staffers into specialized job functions thereby reducing wastes and stress on the sector.
Of the 80 awardees, 34 are females while the rest are males. They were certificated in Systems and Controls (6), Customer Service (6), Internal Audit (7), Bank Telling (7), Introduction to Banking Operations (12), and Regulatory Framework and Compliance (4).
Others were Credit Analysis (15), Financial Analysis and Reporting (12), Bank Branch Management (4), and Corporate Risk Management (7).