Tun Foundation Bank

16.776328°N 96.164373°E / 16.776328; 96.164373

Tun Foundation Bank (TFB)
TypePrivate
IndustryBanking
Founded1994 (1994)
HeadquartersMyanmar
Key people
Thein Tun, Chairman
ProductsFinancial services
Websitewww.tunfoundationbankmyanmar.com

The Tun Foundation Bank (Burmese: ထွန်းဖောင်ဒေးရှင်းဘဏ်) is a privately owned bank in Myanmar that was established on 8 June 1994.[1] All the profits from this bank go into scholarships for children from poor families.[2]

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.[3] In 2011 Myanmar's financial authorities introduced an online banking network system in six banks, one being the Tun Foundation Bank.[4]

Awards

Best painting competition

The Tun Foundation Bank has been holding its Best Painting of the Year awards since 2007 to encourage local artists.[5] 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.[6]

On 18 December 2008 the awards were announced at a ceremony at the Myanmar Bankers Association headquarters in Yankin township in Yangon. Ni Po Oo received the first prize of K3 million for his painting Simeekhwat Aka (Candle dance).[7] 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.[8] 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.[6]

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).[9] The awards complement the government's National Literature Award and Sarpay Beikman Manuscript Awards and the privately sponsored Sayawun Tin Shwe Award, Pakokku U Ohn Pe literary award and Thuta Swesone literary award.[10]

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 and Chief Minister of Yangon Region U Myint Swe. 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.[11]

References
  1. "Private Banks". Central Bank of Myanmar. Retrieved 2012-02-20.
  2. Narayanan Ganesan, Kyaw Yin Hlaing, ed. (2007). Myanmar: state, society, and ethnicity. Institute of Southeast Asian Studies. ISBN 978-981-230-434-6.
  3. "Burmese Tycoons Part II". the Irrawaddy. July 2000.
  4. "Asia Green Development Bank launches e-banking". Myanmar Business Network. July 31, 2011. Retrieved 2012-02-20.
  5. Yadana Htun (December 21–27, 2009). "Men shine in Tun Foundation art prize". Myanmar Times. Retrieved 2012-02-20.
  6. Nyein Ei Ei Htwe (October 17–23, 2011). "Tun Foundation seeks venue for art gallery". Myanmar Times. Retrieved 2012-02-20.
  7. Yadana Htun. "Artist Ni Po Oo wins Tun Foundation Art prize". Myanmar Times. Retrieved 2012-02-20.
  8. "Tun Foundation Painting Exhibition and Competition". Yadanapura. 9 Dec 2010. Retrieved 2012-02-20.
  9. "Literary awards of tun foundation announced". New Light of Myanmar. 2007-12-31. Retrieved 2012-02-20.
  10. "Myanmar strives for press media development in new gov't era". Xinhua. 2011-09-01. Archived from the original on December 8, 2012. Retrieved 2012-02-20.
  11. "Fifth Tun Foundation Literary Award ceremony (2010) held". New Age of Myanmar. 3 April 2011. Retrieved 2012-02-20.
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