28 April 2002

Zimbabwe: IOBZ Membership On the Up

THE growth of the banking sector has seen membership of the Institute of Bankers of Zimbabwe (IOBZ) increasing phenomenally from a figure of about 5 600 in 1999 to about 7 600 at the end of March 2002, IOBZ president Livingstone Gwata, said this week.

Speaking at an IOBZ annual examinations ceremony on Tuesday, Gwata said the increasing membership, which totalled 800 members each year in the last three years, had been made possible by the overwhelming support the institute had received from member banks.

A little over 10 students walked away with awards for excellence in their various fields of specialisation. Two hundred students qualified with certificates, while 240 and 205 students completed the intermediate certificate and diploma stages respectively. Gwata said associate membership had also risen and the institute was doing its best to make sure associate membership remained a highly regarded qualification. A total of 12 600 subject entries were received last year and of these, 9 800 were sat for-about 70% of the total entries. Out of this number, 40% (4 200) passed the exams.

He said efforts were under way to increase the awards being offered this year. Over the years, the banking sector has had new entrants and this has led to increased competition and an improvement in the quality of service.

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