Science Fair Project Encyclopedia Institute of Bankers The
Chartered Institute of Bankers (CIB) was founded in 1879, as the
professional body for members of the banking profession in the
United Kingdom. It was granted its royal charter in 1988. In
2000 it rebranded itself as the Institute of Financial Services,
reflecting the changing needs for professionalism across a wide
range of financial services. The CIB was, and continues to be,
an important aid to the professionalism of bankers. After
studying a series of Banking related topics and passing exams,
and after working for a minimum period within the Banking
Industry, it is possible to be elected to an Associate of the
Chartered Institute of Bankers. The letters ACIB continue to
demonstrate to others the experience and academic standards of
the designee. In the last two decades of the 20th century, the
Financial Services Industry underwent significant change. Retail
banks transformed themselves from transaction oriented deposit
taking and lending instituti