RBC Royal Bank announced this week a donation of $180,000 to continue the RBC Royal Bank Scholarship for another three years.

This grant will provide three Bahamian students with $15,000 per year to undertake undergraduate studies in areas critical to the continued development of The Bahamas.

“This programme is life-changing for the scholarship recipients,” said Nathaniel Beneby, managing director of RBC Royal Bank in The Bahamas, Cayman and Turks & Caicos.

“The students are selected based on their academic achievements, and also based on financial need. These students likely would not have the ability to attend college abroad, were it not for this scholarship award.”

RBC initiated the scholarship fund in 2008 with a $200,000 gift that created the RBC Royal Bank Scholarship at the Canadian Lyford Cay Foundation.

The programme allows Bahamian students to pursue undergraduate studies at colleges and universities in Canada.