NIBAF

Vision TO BE THE APEX INSTITUTE FOR HUMAN RESOURCE DEVELOPMENT IN THE FIELD OF BANKING & FINANCE. Mission TO TRAIN, DEVELOP & GROOM HUMAN RESOURCES OF SBP, ITS SUBSIDIARIES AND OTHER NATIONAL, INTERNATIONAL BANKS AND FINANCIAL INSTITUTIONS. Inception The National Institute of Business and Finance (NIBAF) was set up on 8th March 1993 as a Private Limited Company by Guarantee and was sponsored by the erstwhile Pakistan Banking Council (PBC) in collaboration with NBP, HBL, UBL, MCB and ABL. The core purpose was to encourage the study of theory and practice of banking and all allied subjects. For this purpose NIBAF is meant to provide training facilities, organize events, adopt means and take all such other measures that would be conducive for the achievement of this objective. Islamabad being central and away from the head offices of banks was selected for this purpose to provide training to senior bank staff from all over the country. A piece of CDA land was acquired by PBC and a custom designed building with residential facilities was built. The building became operational by 1996 and a couple of batches of young newly recruited officers were trained and were posted to different banks including State Bank. Short courses on different topics were meanwhile also offered to officers nominated by different banks. Consequent to the amendment in Banks Nationalization Act, the PBC was dissolved in 1997 and all its assets and liabilities were taken over by SBP.