Scotiabank has awarded 5 two-year Associate Degree Scholarships to College of the Bahamas students.

The bank’s scholarship programme, based on merit, started in 1994, and has become an integral part of its community involvement outreach. A release from Scotiabank says the scholarship programme aims at promoting academic development of students, and the benefits of a first class education.

Recent awardees are Moses Darville, Lashawn Gray, Marlon Moxey, Latasha Sherman-Young and Jamie Wilkinson.

Scotiabank is celebrating its 50th Anniversary in the Bahamas this year. Managing Director Minna A. Israel says the bank is pleased to be a part of the history of the country and to be a part of many peoples’ lives. Specfically, *”Scotiabank is committed to helping build the communities in which we live and work. At Scotiabank, we realize that we have a responsibility to assist a much broader spectrum of stakeholders, because the health and vitality of our Bank is closely tied to the well being of the communities we serve.”*

Scotiabank (Bahamas) Limited has about 640 employees, 54 ABMs, 20 branches and 6 units, offering a wide range of retail and commercial services, including Electronic Cash Management Services, a dedicated Mortgage Centre and a Private Banking Centre. Scotiabank recently reported a record net income of $852 million in the first quarter of 2006, noting increases and solid performances in international banking – including its operations in The Bahamas.