Established in 1999, Bankovní institut vysoká kola (English: College of Banking) is a for-profit private higher education institution located in the the urban setting of the large city of Prague (population range: 1,000,000-5,000,000 inhabitants). This institution has also branch campuses in the following locations: Teplice, Karlovy Vary. Officially accredited/recognized by the Ministerstvo kolství, mládee a telovýchovy (English: Ministry of Education, Youth and Sports), Bankovní institut vysoká kola (BIV) is a small (enrollment range: 5,000-5,999 students) coeducational higher education institution. Bankovní institut vysoká kola (BIV) offers courses and programs leading to officialy recognized higher education degrees such as undergraduate certificates/diplomas, associate degrees, bachelor degrees, master degrees in several areas of study. This 17 years old HE institution has a selective admission policy based on students' past academic record and grades. The admission rate range is 80-90% making this Czech higher education organization a least selective institution. International applicants are eligible to apply for enrollment. BIV also provides several academic and non-academic facilities and services to students including a library, sport facilities and/or activities, study abroad and exchange programs, as well as administrative services.