Bangladesh Institute of Bank Management (BIBM) registered under the Societies Act, 1860 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 skill. Since then with 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, BIBM has also modified its training activities and broadened its operation to cover other areas of activities such as providing education in the form of a degree, Masters in Bank Management (MBM), carrying out research in banking & finance, holding seminars and roundtable discussions or aiding the banks in their recruitment. Even with these activities, which are somewhat complementary with one another, training still occupies the centre-stage of BIBM operation. But BIBM now imparts training to only mid-level and senior officials of banks and financial institutions and generally in areas where all its members have common interest. Upto 2007 a total of 51,873 officers of banks and financial institutions of the country have had training in BIBM.