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Banking Institute launches professional enterprise program

By Lewis S. Teh

As part of effort to strengthen and build the capacity of the banking sector of Liberia, the Banking Institute of Liberia or BIL launches its newest enterprise program for college students and above.

Speaking at the official launch on Thursday, May 25, at the institution’s head office on Warren Street in Monrovia, the Director General of BIL, Professor Richard S. Panton praised God for what he terms as achieving a major milestone in the history of the institution.

“Our mandate here at BIL is to provide cutting-edge training and capacity building support to improve the managerial, administrative and professional competence of staffers in the banking and financial sectors”, he says.

 He says the occasion was to launch what the banking institute calls public engagement and training program that is referred to as the BIL Enterprise Program.

 Professor Panton notes that the program is a two-tier training package that is comprised of professional certificate courses in banking and finance, internal audit and control lending and credit administration, compliance and corporate risk management, procurement and supply chain management, digital banking and human resources management, respectively.

He further narrates that anyone wanting to be admitted in the professional certificate courses should be either a college graduate or prospective college graduate, while the business development courses are for high school graduates and senior level university students.

“These capacity building initiatives will provide the requisite skills set and knowledge to upscale the professional and managerial competence of staffers in the banking sector as well as capacitate those wishing entry into the sector with the required skills, and knowledge for effective performance to engender efficient service delivery.”

He extols the board of directors, the executive governor and senior management at the Central Bank of Liberia (CBL) and the Liberia Bankers Association for their continuous support to the work of the Institute.

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 sectors of Liberia, he adds.

The Human Resource manager at BIL, Mr. Prince Tugbeh, extends heartfelt gratitude to candidates for embracing the program and hopes that knowledge gained at the end will be used for the growth of the country.

Mr. Tugbeh says this is a pilot program that is expected to go on for three to four months, adding that the enterprise program is designed to train bank staff and interested college graduates, among others.

He explains that the mandate is to roll out the training to the public to enhance the business and financial sectors, saying it is tailored around major things that are currently happening at various banks in the country.

“This is intended to roll out an enterprise program for young people who are desirous of becoming bankers.”

Meanwhile, one of the facilitators, Mr. Abraham B. She, head of internal audit at Access Bank Liberia, says the training is a customized program that will focus on activities unfolding in the banking sector.

Our materials are up to date; we are giving a real life training that will build your professional life. Your focus should be to learn because this is a specialized training that will empower you”, he urges candidates enrolling in the program

The BIL is a corporate training institute specialized in banking, corporate financial management, and other financial and non-financial related disciplines.

It was established in March 2014 by the Central Bank of Liberia and the Liberia Bankers Association to provide capacity building and cutting-edge training support to stakeholders in the banking and other corporate and financial sectors.

The Institute envisions capacity building thru delivering quality service to clients, corporate entities, financial and non-financial institutions non-governmental organizations and the public sector. Editing by Jonathan Browne

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