The Tun Foundation Bank ( my, ထွန်းဖောင်ဒေးရှင်းဘဏ်) is a privately owned bank in

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

that was established on 8 June 1994. All the profits from this bank go into scholarships for children from poor families.

Operations

As of 2000 the bank was run by Thein Tun, Chairman of MGS Group of Companies. It is involved in social, educational and health projects. In 2000 the bank had recently opened new branches in Bayintnaung and

Mandalay Mandalay ( or ; ) is the second-largest city in Myanmar, after Yangon. Located on the east bank of the Irrawaddy River, 631km (392 miles) (Road Distance) north of Yangon, the city has a population of 1,225,553 (2014 census). Mandalay was fo ...

. In 2011 Myanmar's financial authorities introduced an online banking network system in six banks, one being the Tun Foundation Bank.

Awards

Best painting competition

The Tun Foundation Bank has been holding its ''Best Painting of the Year'' awards since 2007 to encourage local artists. The Myanmar Traditional Artists and Artisans Association arranges for the judging committee for the contest. Judges from ASEAN countries and from China have been included, ensuring that quality is in line with international standards. On 18 December 2008 the awards were announced at a ceremony at the Myanmar Bankers Association headquarters in

Yankin township Yankin Township ( my, ရန်ကင်း မြို့နယ်, ) is located in the north-central part of Yangon. The township comprises 15 wards, and shares borders with Mayangon township in the north, Thingangyun township and South Okkal ...

Yangon Yangon ( my, ရန်ကုန်; ; ), formerly spelled as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar (also known as Burma). Yangon served as the capital of Myanmar until 2006, when the military government ...

. Ni Po Oo received the first prize of K3 million for his painting ''Simeekhwat Aka'' (Candle dance). The Exhibition and Competition for the ''Best Paintings of the Year 2010'' was held at Myanmar Banker's Association Building on 11–15 December 2010. 250 artists competed and 300 paintings were selected. These were displayed at Gallery 65 from 18 to 31 December 2010, where they could be viewed and purchased. In October 2011 it was reported that the bank was looking for location for an art gallery to house works discovered from the ''Best Painting of the Year'' competition.

Literary awards

The bank established the Tun Foundation literary awards in 2006 to promote development of Myanmar literature. The scrutinizing committee gives awards for seven books, seven manuscripts and two books in English. Winners for books in 2006 included Khin Khin Htoo (history genre), Moe Moe Taraw San (biography), Junior Win (children literature), Win Maung (culture) Dr Soe Lwin (health), Dr Toe Hla (ancient treaties) and Maung Wun Tha (reference book). The awards complement the government's National Literature Award and

Sarpay Beikman Manuscript Awards The Sarpay Beikman Manuscript Awards ( my, စာပေဗိမာန် စာပဒေသာ ဆုများ) are annual literary awards given in Burma by the Sarpay Beikman (Palace of Literature), a department of the Ministry of Informati ...

and the privately sponsored

Sayawun Tin Shwe Award The Sayawun Tin Shwe Literary Award ( my, ဆရာဝန်တင်ရွှေဆု) has been presented annually since November 2002 under the patronage of the Myanmar Writers and Journalists Association (MWJA). Non-fiction books published in t ...

Pakokku U Ohn Pe literary award The Pakokku U Ohn Pe literary award ( my, ပခုက္ကူ ဦးအုန်းဖေ စာပေဆု) is a literary award for Burmese writers that was established in 1992 by the businessman Pakokku U Ohn Pe, who initially provided K7.6 mil ...

and Thuta Swesone literary award. On 2 April 2011 the fifth Tun Foundation Literary Award ceremony (2010) was held at the Myanmar Banks Association building. Attendees included the Minister for Information and for Culture U

Kyaw Hsan Kyaw Hsan (born 20 May 1948) is a former Brigadier-General and previously served as Minister of Cooperatives, Minister of Culture and Minister of Information of Myanmar. Kyaw Hsan was born on 20 May 1948 is Monywa, Sagaing Region. He attended high ...

and Chief Minister of Yangon Region U

Myint Swe Myint Swe ( my, မြင့်ဆွေ, ; born 24 May 1951) is a Burmese politician currently serving as Acting President of Myanmar as well as First Vice President. He previously served as the acting president after the resignation of Pres ...

. U Hla Myaing (Ko Hsaung) won the Tun Foundation life-time literary award and Tun Oo Tin won the literary award for his book ''The biography of a diplomat''.

References

External links

Official Facebook Page
{{Authority control Banks of Myanmar 1994 establishments in Myanmar