Saturday, 18 February 2012

BOZ advises schools trainning bankers to design educational and trainning programes which will respond to the needs of banking and financial services in zambia

bank of zambia (boz) deputy governor dr bwalya n’gandu has implored schools that train bankers such as the zambia institute of banking and financial services to design educational and training programmes that will respond to the needs of banking and financial services industry in zambia.
dr n’gandu says the continued relevance of institutes to banking and financial institutions will largely depend on whether its training is demand driven.
dr n’gandu says this is more so that there is competition for skilled personnel within the sector as the number of banks continues to grow and they are all seeking to draw staff from the same pool of professionals.
he has observed that there is competitition for highly qualified staff in the banking sector.
he says it is also important to note that this is due to the fact that during the last two decades, the banks and other financial service providers have reduced on their commitment to training.
the central bank deputy governor recalls that in the past, the major banks had well developed and dedicated training facilities from which they provided continuous skills development at various levels.
dr n’gandu says the fact that this is not the case means the industry has not developed a pool of qualified professionals to match the pace of development of the sector and consequently there is currently shortage of qualified financial service professionals in the country.
he has since pledged the central banks support to efforts by the institute directed towards upgrading and developing skills in the financial services industries.
the central bank deputy governor said this when he officiated at the graduation ceremony of the 20th anniversary for zambia institute of banking and financial service in lusaka were 400 students have graduated

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