The Institute of Banking Studies (IBS) was originally established as the "Banking Studies Center" in 1970 by an Amiri Decree, issued by the Amir (Ruler) of Kuwait. It was conferred the status of a Specialized Institute in 1982 by an amendment of the Amiri Decree.The Institute, today, is well reputed for its training, professional education, applied research and consulting activities in banking and finance. It also has established a distinct identity as the leading organization of its kind in the Gulf Co-Operation Council (GCC) Countries.