HSBC opens up a world of opportunity with latest international education corridor: Canada

  • A 95% increase in applications received by Sri Lankan students at the University of Toronto within the last five years 
  • Pre-departure student account opening is facilitated digitally within 2-3 days by HSBC Canada

HSBC Sri Lanka held its third overseas education webinar on ‘New Vistas in Canada’ to support parents and prospective students who wish to pursue overseas education in 2021/22. 

The panel included University of Toronto University Students Recruitment Associate Director Anne Rose, Canadian University Application Centre CEO Daniel Zaretzky, and HSBC Canada Head of Customer Growth and International Banking Sandip Chaudhury, together with HSBC Sri Lanka Country Head of Wealth and Personal Banking Nadeesha Senaratne. The webinar was moderated by HSBC Sri Lanka Head of Marketing and Communications Tharanga Gunasekera, with a record number of over 700 customers and their children from over 1,500 registrations.

HSBC opens up a world of opportunity with the latest international  education corridor – Canada – The Island

According to UNESCO research, over 21,000 students go overseas on higher education, to traditionally five key corridors such as Australia, US, UK, Malaysia and India. Most recent data revealed that Canada has become an emerging corridor for students that builds a profile as a great destination based on many aspects such as post study working visa facilities and healthcare. The corridor has recorded a 95% growth over the last five years and 1,600 students moved to Canada from Sri Lanka in 2020 alone. 

The live discussion enabled participants to gain insightful information on the opportunities for local students who plan to pursue their education in Canada, with information on the application process and courses available, approximate costs and living conditions. The webinar also touched on the financial aspect of moving and settling in Canada and the assistance provided to parents/students through HSBC Canada, that makes the journey extremely comfortable right from the very beginning of planning for higher education to the time the student lands in the destination and continues till the very end. 

Country Head of Wealth and Personal Banking Nadeesha Senaratne mentioned, “At HSBC we want to open up a world of opportunity for our customers and support their ambitions. We understand our customers lead international lives and what we have understood is that they really value international education for their children, and that has become a bigger part of their personal economy. What we’ve seen over the last 12-18 months is that Canada has become an emerging corridor and we thought it would be very topical to have both education experts to share their knowledge as well on the financial assistance that HSBC can provide, to help parents/students make informed decisions and help make the fund flow journey easier for our customers.”   

With HSBC’s international student proposition, getting students ready for overseas education has never been easier. HSBC supports by providing all the essential banking services such as opening student files, facilitating payments, opening an overseas account and arranging for a debit card prior to departure of the student. 

Like HSBC Sri Lanka, HSBC Canada is the largest international bank and operates as a full-service bank with a widespread network of 130 branches, and a strong digital footprint. HSBC Canada is committed to supporting the ambitions of Sri Lankans moving to Canada with a host of international banking services where especially pre-departure account opening will be facilitated within two-three working days which can be done digitally. 

HSBC will continue to hold these webinars on a regular basis to provide knowledge and global insights to prepare prospective students for their higher education in key education corridors where HSBC is present, given the rapidly evolving landscape and uncertainties around the world.

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