Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 40

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 40
---
 developments in relation to the conflict in the Middle East, which remain key sources of uncertainty, and may impact HSBC and our customers, including through increased market volatility and supply chain disruptions. Heightened strategic competition between the US and China is also affecting the configuration of global supply chains, which may in turn affect the Group’s operations. Existing and additional sanctions, trade restrictions, counter-sanctions and other retaliatory measures relating to geopolitical tensions may adversely affect the Group, its customers and the markets in which the Group operates. Commercial real estate conditions remain challenging in Hong Kong and mainland China. In Hong Kong, weak demand and over-supply of non- residential properties continued to put downward pressure on rental and capital values, despite an observed improvement in local sentiment, particularly in the residential market. In mainland China, government stimulus has yet to trigger a material improvement in buyer sentiment. In the third quarter of 2025, management adjustments to ECL were applied to reflect sector or portfolio risks that are not fully captured by our models. We continue to monitor, and seek to manage, the potential implications of all the above developments on our customers and our business. At 30 September 2025 our CET1 ratio decreased to 14.5 % from 14.6 % at 30 June 2025, and our LCR was 139 %, down from 140% at 30 June 2025. Ñ For further details of our Central and other economic scenarios, see page 46 . Ñ For further details on our CET1 ratio, see ‘Capital risk‘ on page 53 .

| HSBC Holdings plc Earnings Release 3Q25 on Form 6-K |
| 43                                                  |

Credit risk Summary of credit risk At 30 September 2025 , gross loans and advances to customers of $993bn were $53bn higher on a reported basis compared with 31 December 2024. This included total favourable foreign exchange movements of $40.1bn. On a constant currency basis, the increase of $12.9bn was driven by higher balances in our UK business segment (up $13.0bn), in IWPB (up $7.1bn) and CIB (up $5.6bn). This was partly offset by decreases in our Hong Kong business segment (down $4.8bn) and Corporate Centre (down $7.9bn). In our UK business, the increase was primarily driven by continued growth in mortgage balances (up $6.1bn), as