BML to fully fund 3 scholarships in banking and finance annually

A capture from the press conference held by Bank of Maldives (BML) to introduce 'BML Scholarshi[p Fund' on November 10, 2021. (Sun Photo/Mohamed Hayyan)

On the occasion of its 40th anniversary – Bank of Maldives (BML) has launched the ‘BML Scholarship Fund’.

‘BML Scholarship Fund’ was announced by BML’s CEO, Managing Director Tim Sawyer during a press conference held today.

Aimed at developing talented Maldivian youths in the field of banking and finance – the scholarship fund will provide fully-funded international scholarships for three students in the area of Banking and Finance on an annual basis. Moreover, it is open to all.

The scholarship fund is the first series of 12 high-impact monthly community initiatives to celebrate leading up to BML’s 40th anniversary in November 2022.

Speaking at the press conference – Tim Sawyer said that they are carrying out a major initiative each as a notion of supporting and appreciating customers, colleagues and the community. He also added that this was the Bank’s way of investing in the future of the nation.

“We will be celebrating a significant milestone for the bank next year as we mark our 40th Anniversary. In the lead-up to the day, we will be carrying out a major initiative each month as a way of supporting and appreciating our customers, communities and colleagues. Today we are delighted to announce the launch of the BML Scholarship Fund as the first initiative and through this, proud to give back and invest in the future of our nation,” he had said.

Bank of Maldives' (BML) CEO, Managing Director speaks at the press conference held to announce 'BML Scholarship Fund' on November 10, 2021. (Sun Photo/Mohamed Hayyan)

Tim Sawyer also noted that the Bank intends to include important environmental initiatives as part of the 12 high-impact monthly community initiatives. He also said that the Bank welcomes ideas from the public to identify areas of investment that will be beneficial for the community.

“As we continue our celebrations, we are happy to welcome ideas from the public to identify areas of investment that can benefit our communities. We intend to include some important environmental initiatives such as a massive tree-planting campaign to support the COP discussions,” he had said.

BML said that the eligibility criteria for their scholarship fund will be published on their website at a later date.