Bank of Maldives (BML) announced the establishment of a scholarship fund to support higher education in banking and finance on Wednesday.
Through the newly established BML Scholarship Fund, the bank will provide fully paid overseas scholarships in banking and finance to three students each year.
The scholarship fund, which aims to nurture exceptional young Maldivians in the sector, will be an annual fund available to anyone, the bank said. It added that the application procedure and qualifying requirements for the scholarship will be made available on the bank’s website later.
BML’s CEO and Managing Director, Tim Sawyer, commented on the scholarship’s introduction, noting that the bank’s 40th anniversary next year will be a significant milestone.
“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,” he said. “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.”
“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,” Sawyer said.