KUALA LUMPUR: RHB Banking Group, through RHB Foundation, has allocated up to RM4.2 million in scholarships to 60 students from underprivileged (B40) families through the RHB X-Cel Star scholarship programme.
RHB Group managing director and chairman of RHB Foundation Datuk Khairussaleh Ramli said the scholarships would be awarded to 60 deserving RHB X-Cel academic excellence programme students over five years until 2023.
This would covereducational expenses throughout the duration of their undergraduate studies, he said at the RHB X-Cel Star scholarship programme virtual award ceremony yesterday.
"Our scholarship programme is designed to develop these top performing students from B40 family backgrounds into well-rounded individuals and future leaders.
"The programme includes putting the students through structured and holistic capacity building sessions such as presentation and communication skills, English courses, leadership training and mentor-mentee arrangements," he added.
The scholarship is an extension of the wider RHB X-Cel Academic Excellence Programme, providing scholarship recipients financial assistance and structured support throughout their tertiary studies in local institutions of higher learning.
The first cohort of 10 students who received the scholarship in 2019 have completed their Foundation or Matriculation studies this year with cumulative grade point average (CGPA) scores of more than 3.0.
Of this, eight of them have obtained a CGPA of 3.5 and above, while one had obtained a CGPA of 4.0 flat.
The virtual award ceremony also celebrated the admission of 11 new students, forming the second cohort of RHB X-Cel Star Scholarship holders.
The underlying RHB X-Cel Academic Excellence programme provides a structured and holistic educational programme that supports academic excellence in the progression of Form 4 and 5 students from B40 family backgrounds to tertiary education and ultimately offering them career opportunities within the RHB Banking Group upon graduation.
About 1,000 students from 27 schools throughout Malaysia are currently participating in the programme.
It has benefited a total of more than 1,700 students nationwide since its launch in 2018.
"The objective of our programme is to empower these students with education as a tool for upward social mobility, which would ultimately help them to achieve financial independence and overcome various life challenges.
"Last year, 826 students enrolled in this programme and out of these, all 441 of our Form 5 students had passed their Sijil Pelajaran Malaysia (SPM) examinations with 60 of these students scoring 7As and above representing an increase of 67 per cent from the previous year," Khairussaleh said.