Bank institute aims to upgrade human resources

The Bank Training Institute of the Bank of the Lao PDR has decided to accept a larger number of students in response to the growing need for finance professionals in society.
Deputy Director General of the Bank Training Institute Dr Meemoua Yongmamoua told Vientiane Times on Monday that the institute will admit 2,000 new students to study bachelor’s degrees and higher education courses this academic year.
A total of 3,455 secondary school graduates from around the country sat an entrance examination on August 27, which tested their general knowledge of banking and finance, as well as their mathematical prowess. The exam results will be announced in the second week of September, allowing students to register on September 15 and begin their course work on October 10.
Bachelor’s degree students will have to pay 30,000 kip per unit of study, while higher education students will pay 25,000 kip per unit or 590,000 kip per semester.
Previously the institute admitted between 1,200 and 1,500 students per year. It offers three-year higher education courses, five- year bachelor’s degrees, and two-year courses for higher education graduates who want to upgrade to a bachelor’s degree.
Since 2007, 688 students have graduated from the institute at the higher education level. The institute introduced its bachelor’s degrees in the 2007-08 academic year, for which it is still awaiting its first batch of graduates.
This year, the Bank of the Lao PDR will select the top 10 graduates from the institute and give them employment opportunities.
The institute covers the two main fields of banking and accounting, with two-thirds of students studying the former, Dr Meemoua explained.
The institute plans to improve its courses on offer to an international standard to meet society’s pressing needs. According to Dr Meemoua, the institute is currently constructing a model bank building to give students the opportunity to gain practical experience in banking systems. The institute was established in 1979 as a training centre for the Bank of the Lao PDR and became a college in 2005. It now contains more than 80 classrooms and 70 teachers with different specialisations.

Source : Vientiane Times – 1st September 2011

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