Instituto de Banca y Comercio

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Instituto de Banca y Comercio
Logo IBC.jpg
the IBC logo
TypePrivate, For-Profit, Technical
Established1974
PresidentGuillermo Nigaglioni
Administrative staff
1,600
Students21,000
Location,
CampusSan Juan, Ponce, Mayagüez, Caguas, Manatí, Cayey, Fajardo, Guayama, Humacao, Carolina, Arecibo, Bayamón
Websitewww.ibanca.net

Instituto de Banca y Comercio (IBC) is a private, for-profit college institution with multiple locations in Puerto Rico. It offers short training programs and associate degrees to young adults and adults.

History[edit]

Instituto de Banca y Comercio was founded by Mr. Fidel Alonso-Valls in 1974 in the city of San Juan, Puerto Rico, where it only had two classrooms and 15 students. Initially, it was an institution specialized in preparing tellers for the banking industry in Puerto Rico. Hence its original name, International Banking School.

Since then, it has maintained a steady growth and development, and branched out to the careers with the highest demand on the Island. It currently has 12 campuses and eight learning sites, covering Puerto Rico from coast to coast; an annual student population of over 21,000, and approximately 1,600 employees.

In March 2007, Instituto de Banca y Comercio was acquired by Leeds Equity Partners, an investment firm in New York. It was merged into National University College an independent proprietary university.

Accreditations[edit]

Since 1978, Instituto de Banca y Comercio is accredited by the Accrediting Council for Independent Colleges and Schools (ACICS) to award diplomas. All of its programs are authorized by the Puerto Rico Council of Education. The campuses in San Juan (2006) and Ponce (2009) are authorized by the Puerto Rico Council of Education’s Higher Education Division, and accredited by ACICS to award associate’s degrees. All the units are authorized by the Federal Department of Education to participate in the Title IV programs of the Higher Education Act of 1965, as amended.

It’s also approved to accept students via Vocational Rehabilitation, Work Investment Act (WIA), Corrections Administration, and approved for the training of students under the various GI Bill programs.

Locations[edit]

IBC locations' map

Campuses

  • San Juan (1975)
  • Ponce (1983)
  • Mayagüez (1984)
  • Cayey (1986)
  • Guayama (1986)
  • Manatí (1992)
  • Fajardo (1991)
  • Caguas (2000)
  • Humacao (2008)
  • Carolina (2009)
  • Arecibo (2009)
  • Bayamón (2010)

Learning Sites

  • Adjuntas
  • Aguadilla
  • Barranquitas
  • Lajas
  • Los Colobos
  • Moca
  • Naranjito
  • Yauco

Ownership[edit]

Instituto de Banca y Comercio is a member of EduK Group, Inc. The group was initially organized in 2004 as the advisory entity for its member institutions. Founded and headquartered in Guaynabo, Puerto Rico, the member institutions include four colleges (Instituto de Banca y Comercio, National University College, Ponce Paramedical College, and Florida Technical College) and two specialized schools (Digital Animation and Visual Effects (DAVE) School and LaSalle Computer Learning Center).

External links[edit]