The Educational Institute of the Bausparkassen in Germany, officially "Berufsbildungswerk der Bausparkassen", is the independent training center for the intermediaries of German private Bausparkassen. It was founded by the private Bausparkassen in 1994 with the aim to train and test the intermediaries and employees of the German Bausparkassen. This institute offers a unified and recognized qualification for credit intermediaries at a high level. With the final examination the intermediaries have proven their qualification in the area of providing and advising housing loans. Since the foundation of this institute, over 20,000 intermediaries have successfully passed the exam.