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West African Bankers Association

Association des Banques d'Afrique de l'Ouest

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HOME PAGE ABOUT US WHAT WE DO MEMBERSHIP INITIATIVES OUR EVENTS RESOURCES USEFUL LINKS CONTACT US
WABA Training Schedule 2017
 1. Report Writing and Presentation Skills
 2. Management Programme for Secretaries
 3. Management Programme for Personal and Special Assistants
 4. Human Resource Management
 5. Credit Facility Structuring, Documentation and Perfection of Securities
 6. Risk Management
 7. Fraud Prevention
 8. Documentation and Administration of Securities for lending
   
 

1. Introduction:

The main objective conceived for the establishment of the Association was to provide support and promote the West African Clearing House (WACH) as a means of enhancing intra-regional trade. The Central Bank Governors of the West African States having realized that any business transaction resulting in cross-border settlements by the Central Banks should necessarily pass through the Commercial Banks found it necessary to call for the establishment of an association that would serve as a link between the Central Banks and the economic operators, i.e. the Commercial Banks in the sub-region.

The Association was therefore established on 10th August 1981 under the auspices of the Committee of Governors of the West African States to include all primary banks, development banks, credit institutions and banking professional bodies existing in the West African sub-region as defined by the Treaty of ECOWAS.

No wonder, that in its earlier years of existence, the Association was primarily being financed by the Central Banks, and its efforts were concentrated on its primary objectives which is the promotion of the payments system and dissemination of information. There were some activities like seminars, workshops on both local chapter and the international level linked to this primary objective.

As time went by, there were changes in the headship of the various Central Banks some of whom were not as enthusiastic as their predecessors in the affairs of the Association and felt that the Association should be entirely left to be run and funded by the Commercial Banks being an association that was established for their benefits too.

Its Secretariat is located in Freetown, Sierra Leone and is headed by a Secretary General. Each Country has its local chapter represented, which is the National Bankers’ Associations.

2. Mission of WABA

To develop, promote, generate, coordinate and drive cross border banking and financial transactions that will enhance regional trade, economic and financial integration and development.

3. Objectives of the Association

The Association’s objectives consist of the following:

Provision and exchange of information on banking practices in the sub-region in particular and in Africa in general and a forum for the discussion of common problems.

The enhancement of the promotion and strengthening of links between banks in the sub-region in particular and Africa in general.

Serving as an intermediary between banks and the West African sub-regional committee of the African Association of Central Banks.

Seeking ways and means by which the Association can contribute to the development of commerce, industry and agriculture in the sub-region in particular and Africa in general.

The identification of available training facilities in the sub-region and disseminating same to member banks with a view to exchanging trainers and students.

Assisting member banks which are desirous of improving their training facilities or establishing new ones and promote the establishment of a bilingual West African Banking Institute.

To serve as a body for policy advocacy and to represent the views of and where necessaryNegotiate on behalf of members in dealing with official and other bodies within the West African sub region and elsewhere.

To self- regulate the activities of members on banking practice and allied ancillary services which are in force in each country.

4. ORGANS OF THE ASSOCIATION

The Association comprises 3 organs namely; The Secretariat, The Executive Council and the General Assembly. In the business world, these bodies are equivalent to the Executive Management, the Board of Directors and the body of share holders who meet during the General Assembly respectively.

The Secretariat is run by the Secretary General who is the Chief Executive Officer

5. Achievements of WABA So far

In spite of the difficulties of WABA, like most sub-regional initiatives over the years it has managed to make some progress since its establishment. WABA has been at the forefront of sensitizing its members on contemporary issues that might be of interest to them. For instance, in November 2008, in Freetown, Sierra Leone, WABA held a seminar on the International financial crisis and its effects on banks in West Africa, at the end of which a communiqué was issued which captured key recommendations that helped some banks mitigate some of the trickle down effects as they began to unfold.

  QUICK LINKS & RESOURCES
 

WABA LEADERSHIP

WABA's executive secretariat is under the strategic leadership of the CEO ...read more


BOARD OF DIRECTORS

Board members provide leadership for WABA and its overall operation ....read more


   
 

ANNUAL MEETINGS

WABA's Annual General Meeting creates platform for members to converge ...read more

TRAINING COURSES

Greater attention is being given to training on short courses. Register ...read more


   

Greater attention is being given to training on short courses through mutual cooperation and joint activities with credible institutions with the objective to add value to members, provide relevance for the Association, thereby justifying its existence and promoting the economic development of the sub-region. For instance:

-In October 2009, WABA in collaboration with Downton Hill, London conducted anti-money laundering workshop.

In November 2009, WABA supported Afreximbank to organize a seminar and workshop on Structured Trade Finance.

In May 2010 WABA organised a seminar on quoting and Trading in the ECOWAS National Currencies in Freetown, Sierra Leone

In July 2010, WABA collaborated with ADFIMI (Association of Development Financial Institutions in Islamic Member States) to run a training on Micro Finance in Ouagadougou, Cote d’Ivoire.

-In November 2010, in Dakar, Senegal, WABA organized a seminar on governance and risk management for all the Banks in West Africa as part of its end of year activities.

-In February 2011 WABA in collaboration with Downton Hill London conducted training on Risk Management for Banks in Lagos, Nigeria

In May 2011 WABA in collaboration with Downton Hill, London conducted training on Risk Management for Banks in Accra, Ghana and in 2012 repeated the training in Lagos and Accra

In Freetown Sierra Leone between 2012 and 2014 we have held more than 20 training sessions on core areas such as from fraud prevention, risk management, expenditure control,Procurement, Treasury management, Effective report writing, Improving security for Banks, credit management and control,Perfecting Securities for Bank Lending to International Finance and Banking operations

Our short training courses on basic banking subjects is suspended in the country for now for obvious reasons.

Aside seminars and trainings, we are also into the promotion of some projects that will facilitate trade and investment promotion in the sub-region.

WABA MAGAZINE


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About WABA


     
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Our Mission and Objectives

 

What We Do at WABA
Our Leadership and Governance

 

     

The West African Bankers Association's mission is "to develop, promote, generate, coordinate and drive cross border banking and financial transactions that will enhance regional trade, economic and financial integration and development." ...read more

WABA creates avenues for the revision and exchange of information on banking practices in the sub-region in particular and in Africa in general, and a forum for the discussion of common problems. The enhancement of the promotion and strengthening of ...read more

WABA comprises 3 organs namely; The Secretariat, The Executive Council and the General Assembly, including the Executive Management, and the Board of Directors. The Secretariat is run by the Secretary General who is the Chief Executive Officer. ...read more

 
 
 
 
 
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