The Tanzania Institute of Bankers (TIOB) was established in 1993 under the Companies Ordinance (Cap 212) of the laws of Tanzania, with the mandate of promoting the banking profession by providing professional banking education and skills development to bank staff in Tanzania. This mandate followed the liberalization of the banking and financial sector in the country which opened doors to private banks and financial institutions. In the formative stages, the aim would be to alleviate the acute shortage of professional and efficient career bankers, thus promoting quality banking and financial services to the public.
The principal objectives of the Institute as laid down in the Constitution are as follows:
- To promote, encourage and provide opportunities for members to acquire knowledge of the theory and practice of banking and to facilitate the consideration and discussion of matters of interest to bankers and persons associated with banks and financial institutions;
- To act as a regulatory and disciplinary body for the banking profession and to promote professional integrity and ethics and to set standards for the banking profession;
- To set, mark and conduct or approve examinations in banking subjects and accordingly to issue diplomas and certificates either alone or jointly with other educational or professional bodies;
- To liaise with other educational bodies, colleges and institutions of higher learning and co-operate in the developing of teaching syllabus of the diploma in banking but with the Company remaining the examining body responsible for setting papers, moderating and appointing of examiners;
- To provide facilities for reading, discussion and publication of approved papers by members of the Company and others, and to arrange for the delivery of lectures and the provision of instructions on banking and other subjects of interest or practical use to bankers;
- To establish, maintain and operate libraries containing, principally, works on banking, commerce, finance, economics, law and all other allied subjects.
To achieve the above objectives, the Institute shall:
- Promote educational opportunities designed to aid members in enhancing their banking professional skills.
- Ensure availability of updated distance learning material/workbooks to help members in their preparations for professional banking examinations.
- Determine, monitor and maintain the entry requirements and qualification for their recognition.
- Conduct ordinary and executive skills development programmes for its members.
- Collaborate with other Institutes of Bankers in East Africa, Africa and the world at large to ensure that the quality/standard of our services is monitored and maintained.