Oct 14 (Reuters) - Westpac Banking Corp WBC.AX :
* WESTPAC TO CONSOLIDATE ITS INTERNATIONAL OPERATIONS-WBC.AX
* DECIDED TO CONSOLIDATE ITS INTERNATIONAL OPERATIONS INTO THREE BRANCHES; SINGAPORE, LONDON AND NEW YORK
* DECISION MEANS GROUP WILL EXIT OPERATIONS IN BEIJING, SHANGHAI, HONG KONG, MUMBAI, AND JAKARTA
* PRIORITY IS TO FOCUS ON CORE AUSTRALIAN AND NEW ZEALAND CUSTOMERS AND TO SUPPORT THEM IN AREAS WHERE WE HAVE SCALE AND CAPABILITY
* CHANGES ARE ARE PLANNED TO IMPROVE GROUP'S CAPITAL EFFICIENCY, INCLUDING BY REDUCING RISK-WEIGHTED ASSETS BY OVER $5 BILLION
* CHANGES ARE NOT EXPECTED TO HAVE SIGNIFICANT IMPACT ON CASH EARNINGS AND, OVER TIME, ARE PLANNED TO IMPROVE GROUP'S CAPITAL EFFICIENCY Source ( https:// Further company coverage: WBC.AX