Financial Shares News Westpac Bank (WBC)

Westpac WBC | ASX Financial Shares | ASX WBCWestpac Bank (WBC) is Australia’s oldest bank, operating a significant banking franchise with balance exposures to retail, corporate and institutional sectors.

Following its merger with St George Bank, WBC is not too far behind Commonwealth Bank in the battle to be the biggest in Australia. WBC is also among the market’s leading blue chip stocks.

WBC recently received final approval to open its second branch in China.

The new branch, which will be located in Beijing, follows the 2008 opening of WBC’s first branch in Shanghai.

The group has plans to open a further two branches in China.

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