Within the Central Bank of Jordan efforts aimed at promoting and developing human cadres of the banking and financial sector and advance their scientific and practical abilities ; These efforts culminated in the creation of the Institute of Banking Studies in accordance with Article (37) Paragraph (d) of the Central Bank of Jordan Law and in accordance with the Institute’s Article of Association No. (69) issued on 1970 and its later amendments . The Institute  was officially inaugurated on October 9, 1971.
IBS, as the training arm of the banking sector in Jordan, is managed by a unique blend of Board of Directors, headed by the Governor of the Central Bank of Jordan and membership of four representatives of banking and financial institutions in addition to the Secretary General/Ministry of Higher Education and Scientific Research and representative of the University of Jordan.
IBS Premises (headquarters) located in Amman and in the branches of the Institute in the branches of the Central Bank of Jordan in Irbid and Aqaba.