Institute's Establishment

The Central Bank of Jordan began in 1965 to study the necessary means of setting up a team for theoretical and practical training aimed at promoting human cadres of the banking and financial sector and study its employees needs and satisfy their desires to advance their scientific and practical abilities . These efforts culminated in the creation of the Institute of Banking Studies in accordance with Article (37) Paragraph (d) of the Central Bank of Jordan Law and in accordance with the Institute,s Articles of Association No. (69) issued on 1970. The Institute   was   officially   inaugurated on   October 9, 1971 and was housed then at the Central Bank,s premises.

 

In the early 1990,s , the  Institute  witnessed a new stage ; the construction of the Institute,s permanent   headquarter   in  Tla,a  Al  Ali ,  a suburb of the capital  Amman . The complex was constructed on an eight dunums plot of land and comprised administration units, academic and training activities halls, library, laboratories, cafeteria, health clinic and a multipurpose hall. Also , the Institute has two branches, one in Irbid and the other in Aqaba.  The purpose of  these  branches is to widen the distribution of academic and training activities conducted  by the Institute to cover the various regions of the Kingdom.

 

In order   to  spread  the  benefits  derived    from the  academic and training activities, the Institute of Banking Studies management expanded the Institute,s training and academic umbrella until the end of 2010  to include, in addition to the Central Bank of Jordan and the licensed banks in Jordan and specialized credit institutions, numerous financial institutions, ministries,  public  corporations, private investment companies, Amman Financial Market,s institutions, brokerage firms, the Social Security Corporation, in addition to insurance companies and  foreign exchange companies and number of developmental organizations and non-governmental organizations working  in  microfinance and developing  rural societies in Jordan .

 

In order to achieve its goals, the Institute of Banking Studies presents a group of  academic programs and  training activities.

 

The academic activities the Institute implement are the MA Program in Banking and Finance since 2003 in accordance with the academic affiliation and cooperation agreement concluded with the University of Jordan, and the Intermediate University Diploma program in Banking and Financial sciences (Ordinary and Islamic) under supervision of Al-Balqa Applied University since the foundation of the Institute. Note that the Institute halted the admission in the program for (5) years from the academic year 2007 / 2008.  The Total number of this program grduates reached (1306) within the Banking and financial studies and (269) within the Islamic Banking and Financial Studies

 

As for the training activities which witnessed a tremendous growth and varicosity during the last few years and included local training courses at the Institute,s premises in Amman and at the Central Bank of Jordan branches in Irbid and Aqaba, in addition to training courses abroad and seminars in cooperation with regional and international institutions .

Beside the Specialized Professional  Diploma Programs , Comprehensive Training Program for Bankers, Spot Foreign Exchange and Money Markets Dealers Training and Certification Program, Investment Advisor Training and Certification Program, Training and Qualifying Program for the CFA Level One Exam, Brokers Training and Certification Program and Sustainable Microfinance Training Program. Also the Institute held the aptitude exams for the employees of the Jordanian banking and financial sector.

 

Here and after , summarized overview for each of these different programs and activities , along with some statistics about them, in addition to a brief of the channels of communication and international and regional cooperation which were built by the Institute along the years passed. Finally the financial statements and accounting aspects of the Institute .