16 Emiratis from RAKBANK Earn Bachelor’s Degree in Banking and Finance from EIBFS

16 Emiratis from RAKBANK Earn Bachelor’s Degree in Banking and Finance from Emirates Institute for Banking and Financial Studies

Dubai-UAE:21September 2021–Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and financeeducation and training, today announced that 16 UAE Nationals working with RAKBANK have successfully completed their bachelor’s degree in banking and finance. The graduates consisted of professionals from various departments including Operations, Risk Management, Corporate Banking, HR as well as Finance.

H.E. Mohamed OmranAlshamsi, Chairman of RAKBANK,H.E. Hesham Abdulla Al Qassim, Chairman of EIBFSand Jamal Al Jassmi, General Manager of EIBFS handed out the certificates to the trainees at a graduation ceremony that was held at the EIBFS Dubai campus. The ceremony served as a testimony to the long-standing relationship between EIBFS and RAKBANK,further showcasing the commitment of both organizations to educate young banking professionals through robust training courses and equipping them with the tools they need to boost their careers.

Commenting on the event, H.E. Mohamed OmranAlshamsi, said:” The consistent development of a strong culture of learning amongst our Emirati talents is considered a strategic priority for us at RAKBANK.We always aim to support ournational staff and help themestablish a strong career path by constantlyproviding them with afull access to a range of training programs that enhance their banking knowledge and develop their professional competencies.”

Jamal Al Jassmi, said: “Our partnership with RAKBANK goes years back and we are well-aware of their aims and aspirations for the growth of their staff. To this end, we are pleased to have stepped in with our extensive degree program. We are proud of the graduates for adapting exceptionally well to the changes presented by the pandemic and taking things in their stride. We wish them all the very best and are confident that they will make their individual mark at RAKBANK.”

He added: “At EIBFS, our main goal is to collaborate with banking and financial institutions in the UAE and ensure that their people are ready for the future. We do this through our high-quality training and professional qualification, which are designed to support the government’s vision to build a knowledge-based economy.”

Ahmed Yousef, Chief Human Resources Officer at RAKBANK, said: “We are pleased to have partnered with EIBFS to nurture theEmirati talent at RAKBANKand ensure that through this unique course, we enhance their knowledge as well as skillsets to develop their careers with the Bank. We are proud to celebrate our Emirati employees’ success and appreciate their dedication and hard workand this reaffirms the Bank’s commitment to invest in its staff through training and an enhanced learning journey.”

Earlier this year, EIBFS announced certified blended learning pathways as part of its Annual Training Program (ATP). The program was curated to meet the evolved needs of professionals in the banking and finance sector and featured a library of 360 courses and 1,168 programs including certified blended learning pathways, micro-learning modules, artificial intelligence courses, and self-learning materials.



The Emirates Institute for Banking and Financial Studies (EIBFS) was founded in 1983. As a leading independent training center, it offers world-class education, training and allied services in the critical areas of banking and finance. Based in the UAE, EIBFS currently has three campuses for education and training services located in Sharjah, Abu Dhabi and Dubai. The Institute has made substantial contributions to the careers of thousands of students and working professionals in the financial services sector. EIBFS is also a strong supporter of Emiratization and has launched various initiatives that have greatly helped to promote the careers of Emiratis. All academic programs offered by EIBFS are accredited by the Commission for Academic Accreditation (CAA), Ministry of Higher Education and Scientific Research. Students who have successfully completed these programs have found productive employment at various levels in banks and financial institutions in the UAE and around the world.

About RAKBANK               

RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to retail and small business banking. In addition to offering a wide range of Personal Banking services, the Bank increased its lending in the traditional SME, Commercial, and Corporate segment in recent years. The Bank also offers Islamic Banking solutions, via RAKislamic, throughout its 27 branches and its Telephone and Digital Banking channels. RAKBANK is a public joint stock company headquartered in the emirate of Ras Al Khaimah and listed on the Abu Dhabi Securities Exchange (ADX). For more information, please visit www.rakbank.ae or contact the Call Centre on +9714 213 0000. Alternatively, you can connect with RAKBANK via twitter.com/rakbanklive and facebook.com/rakbank.

For media enquiries, please contact:

Shady El Gohary

Account Director

APCO Worldwide

Mobile:   +971 55 126 6247

Email:    selgohary@apcoworldwide.com

Susan Shoury

Senior Account Manager

APCO Worldwide

Mobile:   +971 55 9653647

Email:    sshoury@apcoworldwide.com

Geraldine Dagher

Head of Corporate Communications



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