Oct 14 (Reuters) - Australia's Westpac Banking Corp (WBC) on Wednesday said it will exit operations in China along with other markets in Asia after a review of its international businesses, as it seeks to focus on its core domestic and New Zealand customers.
The country's second-largest lender said it will consolidate its operations into branches in Singapore, London and New York, and exit operations in Beijing, Shanghai, Hong Kong, Mumbai and Jakarta.
Westpac said the changes will help improve its capital efficiency, including by reducing its risk-weighted assets by over A$5 billion ($3.6 billion).
($1 = 1.3963 Australian dollars)
News: WBC Australia's Westpac to exit operations in China
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$34.57 |
Change
0.030(0.09%) |
Mkt cap ! $118.3B | |||
| Open | High | Low | Value | Volume |
| $34.45 | $34.62 | $34.24 | $153.1M | 4.436M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $34.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.58 | 190 | 1 |
View Market Depth
| Last trade - 16.17pm 26/06/2025 (20 minute delay) ? |
| WBC (ASX) Chart |