Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 28

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 28
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 average balances. Banking NII increased in GTS due to an increase of 10% in average balances, mainly in our legal entities in Asia following growth in client demand. There was also a rise in other NII, in part from the benefit of our structural hedge on capital held in the business. Fee and other income of $7.1bn increased by $1.1bn or 18% . – In Wholesale Transaction Banking, fee and other income increased by $0.4bn or 10% , mainly due to higher income in Global Foreign Exchange from elevated market volatility in 1H25. – In Debt and Equity Markets, fee and other income was up $0.4bn or 32% . Growth in Debt Markets was driven by US dollar structured note issuance due to higher interest rates. Equities benefited from new client onboarding in prime finance and robust institutional financing demand. Equity derivatives benefited from the rise in market volatility due to macroeconomic uncertainty. – In Other, fee and other income increased by $0.2bn , largely due to the non-recurrence of adverse hyperinflationary impacts in Argentina. ECL of $0.3bn in 1H25 increased by $0.1bn compared with 1H24 on a constant currency basis. The increase included charges in Europe compared with releases in 1H24 relating to a single client. Operating expenses of $7.5bn were $0.4bn or 6% higher than in 1H24 on a constant currency basis. The increase included restructuring and other related costs, mainly the wind-down of M&A and equity capital markets activities in the UK, Europe and the US, and related impairments in Germany. It also reflected higher spend and investment in technology, and inflationary impacts. These increases were partly mitigated by cost reductions from our organisational simplification and the impact of business disposals in Canada and Argentina.

| HSBC Holdings plc Interim Report 2025 on Form 6-K |
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| Overview |     | Interim management report |     | Interim condensed consolidatedfinancial statements |     | Additional information |

International Wealth and Premier Banking Our IWPB business comprises Premier banking outside of Hong Kong and the UK, our Private Bank, Asset Management and Insurance businesses.

Contribution to Group profit before tax ø $ 2.1 bn Calculation is based on profit before tax of our business segments excluding Corporate Centre. Divisional highlights

| 19%                                                                                    | 54%