BIBM is the national Training, Research, Consultancy and Education institute on banking and finance collectively owned by all banks that are in operation in the country. Registered under the Societies Act 1860, BIBM was established in 1974 with an initial primary focus of providing training to the officials of banks and financial institutions of Bangladesh in order to strengthen and update their skills. Since then more and more banks settings up their own training institutes to handle a significant part of their own objective based training needs, particularly those of their junior level officials. Currently, BIBM is engaged in offering training to the mid and senior level executives of banks. Over the years, BIBM has modified its training activities and broadened its operation to cover other areas of activities such as providing education in the form of degree- Masters in Bank Management (MBM) and Evening MBM (EMBM), carrying out research in banking & finance, holding seminars and roundtable discussions, offering training and research related consultancy services or aiding the banks in their recruitment.