[6] On 18 December 2008 the awards were announced at a ceremony at the Myanmar Bankers Association headquarters in Yankin township in Yangon.
Ni Po Oo received the first prize of K3 million for his painting Simeekhwat Aka (Candle dance).
[8] In October 2011 it was reported that the bank was looking for location for an art gallery to house works discovered from the Best Painting of the Year competition.
Winners for books in 2006 included Khin Khin Htoo (history genre), Moe Moe Taraw San (biography), Junior Win (children literature), Win Maung (culture) Dr Soe Lwin (health), Dr Toe Hla (ancient treaties) and Maung Wun Tha (reference book).
[10] On 2 April 2011 the fifth Tun Foundation Literary Award ceremony (2010) was held at the Myanmar Banks Association building.