Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 185

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 185
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itive across the legal entities due to market risk diversification effects within the Group. 5 Balances are on a third-party Group consolidated basis. 6 Other trading entities’ RWAs balance at 31 December 2024 includes HSBC Argentina operational risk RWAs, due to the averaging calculation and will roll off over future reporting cycles.

| 122 | HSBC Holdings plcAnnual Report on Form 20-F |

Legal entities

Summary information – legal entities and selected countries/territories

| Legal entity reported and constant currency results¹ |                |              |                                                  |                           |                              |                |                                 |                       |                                                                  |           |
|                                                      |           2024 |              |                                                  |                           |                              |                |                                 |                       |                                                                  |           |
|                                                      | HSBCUKBank plc | HSBCBank plc | TheHongkongandShanghaiBankingCorpo-rationLimited | HSBCBankMiddleEastLimited | HSBCNorthAmericaHoldingsInc. | HSBCBankCanada | GrupoFinancieroHSBC,S.A.de C.V. | Othertradingentities2 | Holdingcompanies,sharedservicecentres andintra-Groupeliminations |     Total |
|                                                      |             $m |           $m |                                               $m |                        $m |                           $m |             $m |                              $m |                    $m |                                                               $m |        $m |
| Revenue3                                             |         12,752 |        9,557 |                                           34,053 |                     2,504 |                        4,264 |            462 |                           3,573 |                 3,303 |                                                           -4,614 |    65,854 |
| ECL                                                  |           -405 |         -211 |                                           -1,532 |                      -198 |                          -81 |            -40 |                            -864 |                   -93 |                                                               10 |    -3,414 |
| Operating expenses                                   |         -5,135 |       -6,723 |                                          -14,329 |                    -1,192 |                       -3,351 |           -236 |                          -1,994 |                -1,981 |                                                            1,898 |   -33,043 |
| Share of profit in associates and jointventures      |              1 |           22 |                                            2,278 |                         — |                            — |              — |                              15 |                   600 |                                                               -4 |     2,912