77
Good Practice
Human Rights
Global Compact International Yearbook 2013
Ever since its inception in August 2010,
Ayeyarwady Bank has recognized that
the mere existence of the organization
and the operations it engages in impact
on the communities at large. With its
mission to be a leading bank in the
country in the long run, the Bank also
realizes that the communities plays an
important role for the Bank in achiev-
ing its sustainable growth. Hence, one
of the priorities for Ayeyarwady Bank is
its commitment to be a positive force in
the communities in which it operates
by contributing to the people and their
communities as a whole. As the Bank’s
slogan “Your Trusted Partner” states, the
Bank endeavors to be a trusted partner to
the people and the communities for their
banking and financial needs as well as
to be a partner that those communities
can reach out to.
Ayeyarwady Bank invests a significant
amount of time and funds into vari-
ous social initiatives that the Bank’s
workforce actively participates in. In a
country such as Myanmar, which has
spent many years in isolation, there
are still numerous areas left underde-
veloped. Therefore, the focus of Ayeyar-
wady Bank for the past two years has
been on developing and improving the
healthcare sector in the country. As the
saying goes, “health is wealth,” and only
the healthy will be able to work hard
and contribute to society and help the
economy to grow.
Ayeyarwady Foundation to
represent Ayeyarwady Bank
Keeping the need to contribute to society
inmind, Ayeyarwady Bank has created a
foundation that aims to improve the so-
cial and living standards in the country–
Ayeyarwady Foundation will represent
all of its CSR activities. Every year since
its inception in 2010, Ayeyarwady Bank
has contributed to society through the
Foundation, which aims to support the
development of the country in the edu-
cation, healthcare, social, sport, as well
as religious sectors, with a specific focus
on the healthcare sector.
Ayeyarwady Bank and the
United Nations Global Compact
After just two years in operation, in Au-
gust 2012 Ayeyarwady Bank became a
participant of the United Nations Global
Compact (UNGC) initiative. This was a
corporate milestone for Ayeyarwady
Bank, which is the first bank inMyanmar
to commit to making the Ten Principles
of the Global Compact part of its business
operations and strategies. Incorporating
the Ten Principles into the Bank’s busi-
ness strategies and operations required
redesigning corporate policies as well
as restructuring.
Yankin Children’s Hospital –
Our very first contribution
Ayeyarwady Bank’s first and foremost
activity for helping to develop the
healthcare sector started with the do-
nation of a 550-bed children’s hospital
in Yankin Township, Yangon, Myanmar.
Ayeyarwady Bank, along with its par-
ent company Max Myanmar Group of
Companies, contributed to the dona-
tion of the Yankin Children’s Hospital.
Complete restoration work was done on
a former government building, which
was converted into a hospital with mod-
ern facilities and all the required medi-
cal equipment. The completed hospital
was then handed over to the relevant
authorities in March 2011.
Ayeyarwady Bank’s contribution to the
Yankin Children’s Hospital was not just
a monetary gesture. The Bank’s involve-
ment will continue through its role in
handling the regular maintenance and
upkeep of the hospital: The Bank’s work-
force has been actively engaged inweekly
voluntary services at the hospital to help
with the maintenance and upkeep of the
hospital compound.
In addition, the Chairman, the Board of
Directors, and the Bank’s management
team have also paid occasional visits to
the hospital and its residents to ensure
that equipment is in working order and
to provide any necessary assistance. Plans
are also under way with a number of
CSR activities to celebrate the second
anniversary of the Yankin Children’s
Hospital in March 2013.