The Emirates Institute of Banking and Financial Studies (EIBFS) and the International Academy of Retail Banking (IARB) have announced the formation of a partnership to provide education and professional certification to the United Arab Emirates’ (UAE) retail banking industry.
IARB is a division of London-based Lafferty Group, which provides education, research and intelligence in the fields of retail banking and payments to financial institutions worldwide. It offers programmes and certifications for high achievers in the retail banking sector at three levels – foundation, intermediate and expert. Retail bankers who complete their studies successfully and passed the expert examination of the academy will become members of IARB and become entitled to use the designation CIRB Certified International Retail Banker (CIRB).
Jamal Al-Jassmi, general manager of EIBFS, said the partnership with IARB was a major development for the banking industry in the Gulf: “Banks in the region attach great importance to providing clients with world-class standards of retail banking. They support the concept of retail banking being a profession like accountancy and law,” he said.
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