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The Bangladesh Bank on Wednesday made it mandatory for bank officials to obtain a banking diploma to be eligible for promotion to senior officer position and above.
The central bank issued a circular in this regard on the day with the aim of increasing the bank officials’ skills and efficiency.
The requirement will come into effect on January 1, 2024 and will be applicable to all bank officials involved in banking activities, with the exception of doctors, engineers, and publication and communication officers in banks.
According to the BB circular, bank officials must possess Junior Associate of the Institute of Bankers, Bangladesh (JAIBB) and Diploma Associate of the Institute of Bankers, Bangladesh (DAIBB) certificates for promotion.
These certificates serve as a demonstration of a banker’s knowledge and experience in regards to banking regulations and standards, it said.
Previously, the central bank had issued guidelines, allocating of certain marks for having a banking diploma for the total marks a bank official needed to be promoted to any senior position.
According to the BB circular, the banking sector has a significant role in the development of the country’s macroeconomic situation.
So, it is necessary to make skilled human resources who have basic banking knowledge, it said.
Moreover, it is mandatory to enhance capacity of the officials for making proper decisions, it said.
The certificates of JAIBB and DAIBB degrees are the benchmark of evaluation of the bankers’ knowledge and experience in banking laws and rules, it added.
(NA)
