The College of Banking and Financial Studies (CBFS) is a government organization established by a Royal Decree in 1983 with the chief objectives of education, training, and encouraging research in banking and financial subjects. It is under the Central Bank of Oman (CBO) juristic supervision and is supported by all banks operating in the Sultanate.
The College has helped the financial services industry meet its developmental needs by offering academic and training courses tailored to Oman's emerging needs and has been an active partner in the country's thrust towards Omanization of the banking sector. The College presently has over 1500 students pursuing various academic and professional courses in the Departments of Professional Studies, Postgraduate Studies, Under Graduate Studies, and English Language Centre.
Another focal area of the College is corporate training. The Annual Training Plan of the College for 2016-17 envisages conducting 81 courses for the banking and financial sector in Muscat and Regional Centres, covering a wide variety of functional and managerial (soft) skills. These courses are designed and delivered by full time and visiting faculty with immense operational and training experience across various regions/markets. The classroom training is supplemented by e-learning.
Also, the College sponsors the local Chapters of four eminent professional bodies - ISACA (Information Systems Audit and Control Association), ICAI (Institute of Chartered Accountants of India), IIA (Institute of Internal Auditors), and ACFE (Association of Certified Fraud Examiners). It supports their initiatives towards Professional knowledge sharing a local capacity building in their respective functional areas through periodical seminars/workshops.
All the above activities of the College are operated from its well-equipped campus at Bausher, which houses over 38 classrooms & seminar halls, four computer labs with Internet connectivity, a Wi-Fi facility, a multipurpose hall, atrium, cafeteria, and a well-stocked library with over 15,000 books and over 20 titles of scientific journals, besides the EBSCO search engine database, covering over 600 journals in broad areas and disciplines. A longer-term plan is also drawn up for the construction of spacious new premises on the existing campus.
The CBFS vision is to become a leading institution for higher education in Banking and Finance in the region. The CBFS mission is to develop and offer internationally recognized programs, capacity building, research, and consultancy services to meet the evolving needs of Banking and Finance in the region.
CBFS encourages high-quality research by providing an enabling environment to the researchers of the College. The College intends to develop innovative research activities that align with the vision, mission, and strategic goals of the College. The Research Policy of CBFS provides a framework for researching at the College and helps in decision making, goal setting, defining objectives, and devising strategies for research activities. The Research Strategy of the College affirms the importance of research and its integration with teaching and community development.
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