Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001654954-25-008629
Chunk: 7

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 7
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 last twelve months on a constant currency basis.

In our UK home market, our loan book grew by 4% on the same basis. We were particularly encouraged by signs of recovery in lending growth in commercial banking.

IWPB performed strongly. Our Group-wide wealth businesses grew revenue by 22%, on a constant currency basis, in line with our medium-term guidance of growing fee and other income at double-digit rates. In total, we attracted net new invested assets of $44bn with $27bn booked in Asia.

In CIB, we grew fee and other income by 18% on a constant currency basis. More than two-fifths of this growth came from our wholesale transaction banking business.

These strong results enable us to announce a second interim dividend of $0.10 per share and a further share buy-back of up to $3bn. In total, we have announced $9.5bn in returns to our shareholders through dividends and share buy-backs in the first half of 2025. We have also reduced our share count by 13% from the first quarter of 2023.

#### Economic uncertainties
The global economy is facing structural challenges that are both longstanding and newly unfolding. This is leading to economic uncertainty and market volatility. The main drivers are the unpredictability of broad-based tariffs and rising fiscal vulnerabilities. This is complicating the inflation and interest rate outlook creating greater uncertainty.

Even before tariffs take effect, trade disruptions are reshaping the economic landscape. One consequence is the adjustment of supply chains.

#### Differentiated strengths
We are working with our customers to adapt to this operating environment and changes in the global economy.

First, we enter this period of economic unpredictability from a position of strength. We have a strong balance sheet and diverse, recurring earnings. Our highly stable deposit franchise is performing well. This is underpinned by a strong capital position and a high-quality credit portfolio. Second, the complex dynamics of a shifting world emphasise the advantages of our scale and global footprint. That is why customers are turning to us as their trusted partner.

We operate across the world's key trade routes, including the intra-regional corridors that have been growing fast over recent years. We have longstanding experience of facilitating financial flows both globally and through the local expertise we've gained from being so deeply rooted in economies throughout our 160 year history. We have 5,000 trade specialists in more than 50 markets operating on both sides of trade flows. This brings significant expertise and real time insight to our customers.

And we