In June 1991, when rapid process of reconstruction of the financial and banking system began in Russia, a need to create International Banking Institute occurred. The Institute created in St. Petersburg was the first particularized educational institution in Russia that organized purposeful training, retraining, and skill improvement of specialists of all levels for commercial banks, stock markets, financial, investment, and other companies. International Banking Institute (IBI) is one of the first nongovernmental universities that was granted a state license, became a member of the International Academy of Sciences of Higher Education. Among its founders there are European Banking and Financial Services Training Association (EBTN), the most prestigious union of the world banking institutions, Stockholm University, International Academy of Science of Higher School and several financial institutions, e.g. Bank Saint-Petersburg and VTB North-West.
From the very beginning International Banking Institute has demonstrated steady growth while developing a diverse range of educational services including programs of Undergraduate, Bachelor, Master, Executive and Doctoral education. It also provides double-degree MBA programs which are carried out in cooperation with Stockholm University, as well as joint programs of Executive education together with International Association of Bookkeepers(United Kingdom), Institute of Financial Accountants (IFA, United Kingdom), Association of Chartered Certified Accountants (ACCA, United Kingdom), the Institute of Professional Financial Managers (IPFM, United Kingdom) and EBTN. IBI graduates are among the most competitive business professionals prepared for leading roles in Banking, Finance, Accounting, IT in Banking, Crisis Management. At the moment International Banking Institute counts 150 teaching and associate professors working for 14 departments. The Institute also regularly invites professionals fromВ partner institutions.
International Banking Institute enjoys longstanding relationships with Russian and international business communities that with each year become stronger thanks to joint research, guest lectures, Summer school programs and internships. IBI graduates become members of the Institute Alumni Club that since its foundation has been the important link between the Institute and Russian business world.
IBI efficient work and achievements have resulted not only in a countrywide but in a worldwide acknowledgement proved by internationally recognized accreditations (certification) of the EBTN, the Institute of Financial Accountants(IFA) and of the International Association of Bookkeepers (IAB), as well as by the title of the best Banking Educational Institution in 2006 by EBTN.
International Banking Institute has partners from more than 30 countries. Among its international academic partners there are EBTN, IFA, IAB, University of Stockholm, Utrecht University and others. The Institute has also established trustful relations with banks, financial institutions and organisations from other fields in Luxembourg, USA, Cyprus, Finland, Spain, Portugal, Slovenia, Italy, etc.