Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 300

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 300
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 |                           1 |               -3 |                     -81,651 |              166 |
| At 31 Dec 2024                                                                                                                                                             |                   1,489,687 |           -1,232 |                     115,898 |           -2,674 |                      23,823 |           -6,148 |                          93 |              -51 |                   1,629,501 |          -10,105 |
| ECL income statementchange for the period                                                                                                                                  |                             |            1,222 |                             |           -2,019 |                             |           -2,420 |                             |              -18 |                             |           -3,235 |
| Recoveries                                                                                                                                                                 |                             |                  |                             |                  |                             |                  |                             |                  |                             |              260 |
| Others                                                                                                                                                                     |                             |                  |                             |                  |                             |                  |                             |                  |                             |             -158 |
| Total ECL incomestatement change for theperiod                                                                                                                             |                             |                  |                             |                  |                             |                  |                             |                  |                             |           -3,133 |

1 Total includes $ 3.7b n of gross carrying loans and advances to customers and banks, which were classified to assets held for sale, and a corresponding allowance

for ECL of $ 46m , reflecting business disposals as disclosed in Note 23 ‘Assets held for sale and liabilities of disposal groups held for sale’ on page 433 .

2 Total includes $ 35.3b n of nominal amount and $ 21m of corresponding allowance for ECL related to derecognition of loan commitments and financial guarantees

following the sale of our banking business in Canada during 2024.

3 Total includes $ 2.7 bn of nominal amount related to derecognition of loan commitments and financial guarantees following the sale of our banking business in

Argentina during 2024.

|                                                                                                                                  |                 At 31 Dec2024 |                   | 12 months ended31 Dec2024 |
|                                                                                                                                  | Gross carrying/nominal amount | Allowance for ECL |                ECL charge |
|                                                                                                                                  |                            $m |                $m |                        $m |
| As above                                                                                                                         |                     1,629,501 |           -10,105 |                    -3,133 |
| Other financial assets measured at amortised cost                                                                                |                       828,580 |               -92 |                      -114 |
| Non-trading reverse purchase