NIBAF stands for National Institute of Banking
and Finance and was set up under the Companies
Ordinance 1984 with a paid up capital of Rs250.0
million. The equity was contributed by the Nationalized
commercial banks and Pakistan Banking Council
that held 3% of the shares in its name. Consequent
upon dissolution of Pakistan Banking Council
(PBC) in 1997 State Bank of Pakistan took over
the assets and liabilities of PBC and also decided
to purchase of assets of NIBAF. In February
1997 the Training Department of the State Bank
was shifted to NIBAF premises at Islamabad and
commence functioning as State Bank Training
Institute (SBTI) Islamabad.
At
present NIBAF has been reorganized and restructured
.Its staffing has been reviewed and institutional
arrangements have been put in place to make
it as an institution of Marketable repute.