Charity
THE INSTITUTE OF BANKING AND FINANCE
About
What does THE INSTITUTE OF BANKING AND FINANCE do?
The Institute of Banking and Finance (IBF) is a charitable organization dedicated to fostering professional competencies in the financial sector through various activities and services. Their mission is to empower practitioners with capabilities for a robust Asian financial industry, setting the standard of excellence for finance professionals across the region. The IBF offers a range of programs and initiatives designed to support individuals and institutions in their skills development, career advancement, and talent expansion. These include regulatory and licensing examinations, accredited courses, industry trends updates, event participation featuring thought leaders from financial institutions and regulators, and more. By partnering with stakeholders and partners, the IBF continues to develop new initiatives and drive greater adoption of their programs, aiming to build a world-class financial sector workforce in Singapore
Founded
1993
People
guan yeow kwang, soh shin yann susan, khor hock seng, tay teck guan patrick, tan thean oon dennis, patrick lee fook yau, andrew yeo seng thean, john lee hin hock, amol sateesh gupte, ng lee hoon, julia (huang liyun, julia)
Causes
EducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 1993
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Professional development and competency enhancement for financial sector practitioners through various activities and services, fostering a robust Asian financial industry.
- Empowering individuals with capabilities to meet the demands of the rapidly evolving financial landscape in Singapore and Asia.
- Promoting skills development, career advisory, and workforce transformation as an appointed Jobs Development Partner for the financial sector.
- Offering IBF Accredited Programmes based on industry standards to equip finance professionals with relevant skills and knowledge for a rewarding career.
- Providing regulatory and licensing examinations for various sectors in the financial industry, ensuring compliance and competency among practitioners.
- Supporting individuals and financial institutions through education, training, and development initiatives to drive greater
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Professional development and competency enhancement for financial sector practitioners through various activities and services, fostering a robust Asian financial industry.
- Empowering individuals with capabilities to meet the demands of the rapidly evolving financial landscape in Singapore and Asia.
- Promoting skills development, career advisory, and workforce transformation as an appointed Jobs Development Partner for the financial sector.
- Offering IBF Accredited Programmes based on industry standards to equip finance professionals with relevant skills and knowledge for a rewarding career.
- Providing regulatory and licensing examinations for various sectors in the financial industry, ensuring compliance and competency among practitioners.
- Supporting individuals and financial institutions through education, training, and development initiatives to drive greater
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Cash | 0 | 0 | 0 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 8,141,678 | 8,083,175 | 7,876,235 |
| Investment Income | -2,577,159 | -2,384,950 | 1,585,354 |
| Programme Fees | 4,814,971 | 3,646,894 | 2,309,951 |
| Others Income | 1,301,747 | 1,483,283 | 1,505,693 |
| Total Receipts | 11,681,237 | 10,828,402 | 13,277,233 |
| Capital in Nature | 11,681,237 | 10,828,102 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 15,289,972 | 12,878,157 | 12,745,292 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 15,289,972 | 12,878,157 | 12,745,292 |
| Expenses | |||
| Other Expenses | 0 | 0 | 0 |
| Total Expenditure | 15,289,972 | 12,878,157 | 12,745,292 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 2,744,736 | 1,644,330 | 1,583,462 |
| Other Tangible Assets | 0 | 0 | 0 |
| Investments | 25,694,563 | 27,681,556 | 29,219,086 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 2,218,812 | 3,938,566 | 1,794,957 |
| Cash & Deposits | 47,099,816 | 25,767,346 | 15,193,221 |
| Other Assets | 572,047 | 304,702 | 413,608 |
| Total Assets | 78,329,974 | 59,336,500 | 48,204,334 |
| Funds | |||
| Total Unrestricted Funds | 0 | 0 | 0 |
| Total Restricted Funds | 23,113,417 | 26,722,152 | 28,772,207 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 23,113,417 | 26,722,152 | 28,772,207 |
| Liabilities | |||
| Total Current Liabilities | 53,633,883 | 30,665,110 | 18,194,017 |
| Total Non-Current Liabilities | 1,582,674 | 1,949,238 | 1,238,110 |
| Total Liabilities | 55,216,557 | 32,614,348 | 19,432,127 |
| Total Funds and Liabilities | 78,329,974 | 59,336,500 | 48,204,334 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 100 | 0 | 70 |
| Total Employee Cost | 9,948,574 | 8,504,377 | 8,219,780 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 0 | 0 | 0 |
People
People at the Institute of Banking and Finance (IBF) are dedicated to fostering professional competencies in the financial sector through various activities and services, including regulatory and licensing examinations, accredited courses, industry trends updates, event participation featuring thought leaders from financial institutions and regulators. Their mission is to empower practitioners with capabilities for a robust Asian financial industry, setting the standard of excellence for finance professionals across the region.
guan yeow kwang
soh shin yann susan
khor hock seng
tay teck guan patrick
tan thean oon dennis
patrick lee fook yau
andrew yeo seng thean
john lee hin hock
amol sateesh gupte
ng lee hoon, julia (huang liyun, julia)
News
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