Located in London, the London Institute of Banking and Finance was established in 1879 as the Institute of Bankers. The institution provided professional qualifications in retail and commercial banking, financial and mortgage advice, trade finance and transaction banking; undergraduate and postgraduate degree programs. It was also the first provider of the CeMAP qualification with almost 100,000 qualified mortgage advisers walking out with their degrees. Additionally, LIBF is an active member of the International Chamber of commerce. It also holds the record to become the only banking institute in the world with degree-awarding powers and its university college.