Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 61

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 61
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bn in profits and other reserves movements generated in 2024. Distributable reserves are sensitive to impairments of investments in subsidiaries to the extent they are not offset by the realisation of related reserves. Further details on HSBC Holdings’ intentions to increase distributable reserves in 2025 are provided in the Corporate Governance report on page 349 . Capital position We actively manage the Group’s capital position to support our business strategy and meet our regulatory requirements at all times, including under stress, while optimising our capital efficiency. To do this, we monitor our capital position using a number of measures. These include our capital ratios and the impact on our capital ratios as a result of stress. Our CET1 capital ratio at 31 December 2024 was 14.9 %, up marginally compared with the prior year as capital generation and a reduction in RWAs through strategic transactions were offset by dividends, share buy-backs and organic balance sheet growth. In January 2025, the PRA announced the delay of Basel 3.1 implementation to 1 January 2027 pending US developments. We expect that the impact on our CET1 ratio will be a modest benefit. Liquidity position We actively manage the Group’s liquidity and funding to support the business strategy and meet regulatory requirements at all times, including under stress. To do this, we monitor our position using a number of risk appetite measures, including the liquidity coverage ratio and the net stable funding ratio. During 2024, the average high-quality liquid assets we held was $ 649.2 bn. This excludes high-quality liquid assets in legal entities which are not transferable due to local restrictions. For further details, see page 234 . Common equity tier 1 ratio (%) 14.9 % (2023: 14.8 %)

| HSBC Holdings plcAnnual Report on Form 20-F | 29 |

Global businesses During the year we served our customers through three global businesses. The following pages set out how each global business has performed. From 1 January 2025, we have simplified our structure as explained on page 8 .

Wealth and Personal Banking Our WPB business served 40 million customers globally, including 7.7 million who are international, from retail customers to ultra high net worth individuals and their families.

Contribution to Group profit before tax $12.2bn 39% Calculation is based on profit before tax of our global businesses excluding Corporate Centre. To meet our customers’ needs, WPB offered a full suite of products and