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Ethiopian Institute of Banking and Insurance(EIBI)


Objective of the EIBI
EIBI was established in 1966 by the former Commercial Bank of Ethiopia S.C. to provide in-house skill upgrading training in banking.

With the nationalization of banks and insurance companies in January 1975, EIBI was re-structured by the National Bank of Ethiopia as a central training institute in bank and insurance for the employees of the financial sector industry.

The main objective of the institute is to provide professional education at diploma level in banking and insurance streams and to upgrade efficiency by providing various short-term skills upgrading training programs in the areas of banking and insurance operations and computer application courses.


Organizational Structure and Strategy

The Organizational structure of the Institute stretches from top to bottom:

The of Board of Trustees comprises the Governors of the NBE, heads of the three government owned banks and EIC and Directors of the Institute, the Institute /EBI/ with the Director and D/Director who are responsible for the day to day activities of the Institute; Diploma educational programs with a division head responsible for the banking and insurance educational programs. Technical operational and management development training programs each supervised by division heads. Parallel to the Board of Trustees, there is the NBE, which is responsible for staff assignment and all other administrative matters.

The strategy of the Institute is to continue as a center of excellence in providing training in the fields of banking and insurance operations. It is considered to be the sole training institute for the entire financial sector industry. To meet its objectives, the Institute has laid down two major functions to be performed; i.e. to place the Institute at a better location for training and to develop the curriculum of the Institute to internationally acceptable level.

The title deed for the project is already secured and construction works is expected to start around next November. In the meantime, the curriculum development study will be ready with the help of foreign consultants and the Institute. The study is expected to come up with a recommendation as to how the diploma program could be recognized by the concerned government authority. Likewise, the existing programs will be reviewed in line with the training and educational needs of the financial sector industry and new training and educational programs together with the courses will be recommended. The study will also recommend appropriate institutional structure and governance which suits its operational activities and indicate source of income to run the institute on sustainable basis.

 

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