IBSL results released within 28 days
The results of the March examinations, Certificate in Banking and
Finance (CBF), Advanced Certificate in Banking and Finance (ACBF) and
Diploma in Banking and Finance (DBF) were released within 28 days of
conducting the examinations on May 4 for the first time in the history
of the Institute of Bankers of Sri Lanka (IBSL).
Pic: Chinthaka Kumarasinghe
According to Acting Director General IBSL Ms Ranjanie Goonetilleke
this was possible as they had all the resources while all concerned
worked hard as a team to achieve the target and most of all the Chairman IBSL W. A. Wijewardena who is also the Deputy Governor of the Central
Bank gave us strength and courage at all times.
IBSL changed the examination structure from three-tier to two-tier
commencing March this year and the three-tier structure will cease from
September this year and until such time students who were mid stream and
were sitting the three-tier examination structure can sit the
She said that in the new structure they have given more opportunities
for students to select subjects according to their liking and to suit
the trends of the modern and changing world.
Ms Goonetilleke said that 8,670 candidates sat the examinations and
there were 40 papers under both structures.
According to statistics 21,845 subject candidates sat the
examinations which were held in March.
She said that by releasing the results early the students have ample
opportunity to prepare for a paper they want to sit if they failed.
We also conduct lectures at the College of Banking and Finance at
Colombo 10 while there are accredited centres also that conducts
lectures for the examinations in major cities of the country.
The examinations are held in all three languages. The examinations
are held twice a year in March and September and IBSL also held
examinations in Jaffna, Vavuniya and Trincomalee where the papers were
Once a student obtains the Diploma in Banking and Finance he or she
can continue to do an MBA at the Post Graduate Institute of Management
(PIM) Sri Lanka, Northumbria University UK or at the ICFAI (India)
provided the requirements are fulfilled.
The salient feature of our examination structure is that we not only
test the knowledge of the students but also the skills of application of
the knowledge gained by the students.
As the marking criteria is strict students should obtain 51 marks to
get an ordinary pass in any subject they sit.
Director Examinations IBSL C.J. Fernando said that most banks insist
that Banking Assistants pass the CBF to obtain promotions while getting
through the DBF also is duly recognised by most state and private banks.
He said, "Our qualifications have opened many doors to bankers and
financial industry personnel secured jobs in the Middle East as well as
in the western world."
Speaking of future plans Ms Goonetilleke said that they are planning
to offer a Diploma in Micro Finance together with GTZ and Frankfurt
School of Finance and Management, Germany from August this year.
This course is open to anyone specially those engaged in the Micro
IBSL offers the CBF,ACBF and DBF qualifications in collaboration with
its School of Finance, UK formerly known as the Chartered Institute of
Bankers (CIB) London.
The College of Banking and Finance at Colombo 10 in addition to
conducting classes for CBF and DBF also offers a host of other Diplomas,
seminars and workshops during the year.