Financial Institutions Training Institute Limited (FITI) was established in 2011 by the Royal Monetary Authority of Bhutan in collaboration with Financial Institutions Association Board (FIAB), as an autonomous apex institution for training, research and consultancy with the objective to train and build the human resource capacity of financial sector.
FITI is part of the grand vision of giving a new direction to the financial sector in its human capacity development in Bhutan and making the sector a more cost-effective instrument for national development.
FITI, an autonomous academic institution is governed by a Board, its highest policy-making body.
The Institute is primarily engaged in training & education in banking, insurance, social securities and financial services to promote and develop professionally qualified and competent financial service personnel. FITI is also engaged in research (policy and operations) and providing consulting support to all financial sector as a whole. It is mandated to play a proactive role of “think-tank” and act as center of excellence for financial sector’s human resource development.
The Institute is located in a picturesque valley of Thimphu, the Kingdom’s Capital City. The bustling little city is the main center of commerce, religion and government in the country. The institute is non-residential campus spread over 16.50 decimal plot overlooking the Thimphu valley with minimum of distraction and complete pollution free. It has its own self-contained building with state of art training and educational facilities.
FITI has a paid up capital of Nu. 90 million and its equity share are held as follow:
Bank of Bhutan Limited – 20%
Bhutan National Bank Limited – 20%
Royal Insurance Corporation of Bhutan Limited – 13.33%
Druk PNB Limited – 13.33%
National Pension & Provident Fund – 13.33%
Bhutan Development Bank Limited – 6.67%
Bhutan Insurance Limited – 6.67%
T Bank Limited – 6.67%