BCC responded to approaches from Third World Countries for training in international banking operations. Courses were structured by BCCI's International Management and Development (IMD) high level team to meet specific requirements.
The IMD was at the forefront of BCCI's own management and human resources development, however, the comprehensive training technology was extended to other banks and institutions involved with BCC.
While role of bankers is to help business motivated solely for profit, the emphasis in the context of BCCI was equally a case of doing good for others and recognition of human values.
A full record of all training courses and seminars held by BCCI for others is not available.
A major achievement was the training of around 3,000 Chinese officials from the People’s Bank of China (central bank) and state-owned banks, agencies and corporations at BCCI Management and Training Centre dedicated for China that was established in Shenzhen, China.
In addition, BCCI trainers travelled to remote locations in China where they provided onsite training.
The first course held by BCCI for South Korea was in London from 3 June to 21 June 1991, on Foreign Exchange and Capital Markets. The seminar was attended by officials from South Korean Banks and the National Agricultural and the Livestock Cooperative Federations.
- Participants in BCCI Seminar for Correspondence Banks in South Korea on Foreign Exchange and Capital Market, held in London: 3 – 21 June 1991
BCCI International Division and Central EMP Division at Central Office London, with the involvement of International Management Development, hosted a three-week seminar in London in June 1989 for bankers from South Korea. The topic was Capital Markets Techniques, utilising the latest equipment and market practices, and touching on countertrade, leasing and other financing innovations of the 80s. The faculty team was headed by Dr Ousep Mathen from BCC Treasury Operations in Abu Dhabi, assisted by Howard Palmer from the UK correspondent banking team. Dr Joseph Cole, Richard Wheatcroft and others from the world of banking consultancy also led sessions on their specialist subjects. The seminar went a long way towards strengthening BCC's relationships with banks in South Korea and also generated goodwill for BCC's presence in the country.
Foreign Exchange Seminars
The BCC Latin America and Caribbean Region hosted two Foreign Exchange Seminars in Miami, USA and in Bogota, Colombia, during August 1987.
The seminar in Miami was attended by 22 commercial banks from Florida and the southern United States. A similar seminar was held in Bogota, in conjunction with the Andean Reserve Fund, a regional organisation set up in 1979 for the purpose of providing balance of payments support for member countries.
Approximately 32 delegates attended the seminar from the central banks of Latin America and the Caribbean. Also present were representatives of quasi-government institutions such as the Venezuela Investment Fund, the Andean Development Fund and Banco Latinoamericano de Comercio Exterior, S.A. (English: Foreign Trade Bank of Latin America, known as Bladex, its commercial trademark).
Both seminars did much to enhance the image of BCC in the region and generated increased foreign exchange business for BCC. Aimed primarily at senior dealers and investment managers, the subject material covered spot and forward markets, forward rates, premiums and discounts, swaps and option trading.
The seminars structured with the assistance of IMD were conducted by Mr A. Choudhury and Dr Matthen from Central Treasury Division, Mr T. Vane and Mr P. Meikle from BCC London dealing room and Dr D. Fitzgerald from Alexander Laing & Cruickshank Holding Ltd, London, who lectured on the options market. Dr Dragoslav Avramovic from BCC Washington opened the seminars and delivered a detailed analysis on the world economic outlook and its implications for the Latin American economies - Dr Avramovic, a retired World Bank economist, an adviser to BCC on the Third World Bank project presented by BCC President Mr Agha Hasan Abedi at the Third Conference of Banks from Developing Countries held in July 1983 in Ljubljana, Slovenia, part of former Yugoslavia.
The seminars provided an opportunity for BCC to strengthen the bank's relationships with the institutions represented and fostered goodwill generally; BCC Panama and Miami had already established approximately 80 active relationships with central banks and commercial banks, and these seminars acted as a catalyst in generating further business and relationships.