The Tun Foundation Bank () is a privately owned bank in
Myanmar
Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and has ...
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 is the second-largest city in Myanmar, after Yangon. It is located on the east bank of the Irrawaddy River, 631 km (392 mi) north of Yangon. In 2014, the city had a population of 1,225,553.
Mandalay was founded in 1857 by Ki ...
.
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 (, ) 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 Okkalapa township in the east, the Inya Lake, Bahan t ...
in Yangon
Yangon, formerly romanized as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar. Yangon was the List of capitals of Myanmar, capital of Myanmar until 2005 and served as such until 2006, when the State Peace and Dev ...
.
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 () are annual literary awards given in Burma by the Sarpay Beikman (Palace of Literature), a department of the Ministry of Information (Burma), Ministry of Information. They are awarded for unpublished manuscri ...
and the privately sponsored Sayawun Tin Shwe Award
The Sayawun Tin Shwe Literary Award () has been presented annually since November 2002 under the patronage of the Myanmar Writers and Journalists Association (MWJA). Non-fiction books published in the previous year are eligible. The awards are nam ...
, Pakokku U Ohn Pe literary award 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.
Early life and education
Kyaw Hsan was born on 20 May 1948 is Monywa, Sagai ...
and Chief Minister of Yangon Region U Myint Swe
Myint Swe (; ; born 5 June 1950) is a Burmese politician and retired army officer who has been Vice President of Myanmar since 30 March 2016 and previously served as Acting President of Myanmar from 1 February 2021 to 22 July 2024. He also s ...
.
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