Financial Institutions Training Institute Limited (FITI) was established in the year 2011 by the Royal Monetary Authority of Bhutan in collaboration with Financial Institutions Association of Bhutan (FIAB). Subsequently, the Institute was incorporated under the Companies Act of Kingdom of Bhutan 2000. FITI was established as an autonomous apex Institution primarily to train and develop human resource capacity of the financial sector. Besides, FITI is mandated to provide research and consultancy services to the Financial Service Providers (FSPs) to assist them in making informed decisions. FITI plays a proactive role of “think-tank” and “center of excellence” for the financial sector’s human resource development.
Over the time, FITI has ventured into building human resource capacity of other relevant stakeholders by developing and providing relevant training programs that best suit their requirements. Since its establishment, FITI has trained numerous professionals of financial service providers, corporate agencies and private sectors in different fields.
As Bhutan journeys towards the era of knowledge and skill based society, FITI continuously strives to provide best and suitable training programs that equip the participants with required knowledge and skills ultimately, leading to development of overall human resource capacity in the nation.
The Institute is located in a picturesque valley of Thimphu, the Kingdom’s Capital City. The bustling little city is the main center of religion and government in the country. The institute is non-residential campus spread over 16.50 decimal of land 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. 130 million and its equity share are held as follow:
Ministry of Finance: 30.77 %
Bank of Bhutan Limited: 13.85 %
Bhutan National Bank Limited: 13.85 %
Royal Insurance Corporation of Bhutan Limited: 09.23 %
Druk PNB Limited: 09.23 %
National Pension & Provident Fund: 09.23 %
Bhutan Development Bank Limited: 04.62 %
Bhutan Insurance Limited: 04.62 %
TBank Limited: 04.62 %