Egyptian Banking Institute (EBI), the training arm of the Central Bank of Egypt, has trained a total of 53,000 beneficiaries in the second half (2H) of 2019, EBI Executive Director Abdel Aziz Nossier said in a Wednesday press conference.
Nossier told Daily News Egypt that the institute targets to achieve a 10% growth in terms of training beneficiaries in 2020. He added that EBI aims to increase the number of programmes in cooperation of African countries, under the Connecting Africa Initiative, in partnership with the Ministry of Foreign Affairs.
He revealed that in 2H 2019, training programmes for African and Arab countries offered by EIB reached 50.
During the press conference, Nossier revealed that EBI offers various types of training, namely study tours; international training programmes (in-house and overseas); and local training programmes (training, assessment, or seminars and workshops).
Moreover, EBI has conducted 5 field study tours with 91 Egyptian bankers in 2H 2019, including a facility management study tour to business and finance districts in London and Abu Dhabi. “It aims to provide insights on how these financial districts are organised and managed ahead of the expected migration to the New Administrative Capital’s financial district,” Nosseir added.
Also, two smal and medium enterprise study tour took place in the same period, one in Warsaw in cooperation with the AFD France, and the other in China.
In regards to fintech-related activities, Nosseir told Daily News Egypt that EBI has executed two training programmes in the past period, as well as a tour to Singapore and Malaysia. He added, “We are preparing two more fintech training rounds in 2020. Also, starting July we will sponsor a Fintech business incubator in one of the universities, which we will announce later.”
In 2H 2019, EBI has executed 32 International training programmes, of which 14 were in-house and 18 were overseas.
Nosseir said the EBI has several agreements with international financial institutions to facilitate training for Egyptian bankers. “In the pipeline, we have two visits upcoming to Kenya and London, London visit will be for non-executive board members. In April, we will have another visit to Harvard.”
On the other hand, the institute executed a total of 1,788 rounds of local training programmes, servicing 37,701 trainees, which include training, assessment, or seminars and workshops.
Over the last period, EBI has adopted a fully digital strategy, through offering their training materials digitally instead of printed materials, introducing simulation and gamification in training, and expanding e-learning programmes.
The institute revealed that 3,739 participants used their e-learning training in 2H 2019, and since its launch two years ago 16,000 trainees benefited from it.