BML launches ‘Bank Fund’ to support community initiatives

The Bank of Maldives (BML) on Tuesday has announced “Bank Fund” to empower NGOs to contribute to their communities through sustainable projects.

The “Bank Fund” invites proposals for ideas that promote sustainability and provide a social opportunity.

Five projects in the areas of education, environment, sports and community development will be selected to receive MVR 200,000 each every year.

Speaking about the launch “Bank Fund”, the national bank’s CEO and Managing Director Karl Stumke said, “As an integral part of being a sustainable and responsible business, we invest back into the communities we serve by supporting community initiatives.”

“One significant program was the Community Fund which had provided support to a total of 100 community-led projects since 2019. The Bank Fund we launched today is a revamped initiative to provide our community organizations with even better opportunities,” he added.

The “Bank Fund” is opened for locally registered NGOs, charity organizations and clubs. Application form and proposal should be emailed to [email protected] before 23:00hrs on June 10, 2024.

And in a surprisingly delightful twist, information about the “Bank Fund” was provided by children, which BML said was reflective of the high number of previous community-led initiatives focusing on improving the livelihood and experiences of children.


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