Bank of Maldives (BML) on Tuesday 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, BML said. The Bank said that every year, five projects in the areas of education, environment, sports and community development will be selected to receive MVR 200,000 each.

“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," BML’s CEO and Managing Director Karl Stumke said.

BML said ‘Bank Fund’ is opened for locally registered NGOs, charity organisations and clubs. The application form and proposal should be emailed to [email protected] before 2300hrs on 10 June 2024.