Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 24

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 24
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 a favourable impact of foreign currency translation differences of $136bn . On a constant currency basis, total assets increased by $62bn , driven by growth in financial investments balances, higher reverse repurchase agreements and higher other asset balances. These were partly offset by lower cash and balances at central banks and a decrease in derivative assets. Loans and advances to customers as a percentage of customer accounts were 57% , compared with 56% at 31 December 2024. Ñ For detailed balance sheet commentary, see page 24 . Distributable reserves The distributable reserves of HSBC Holdings at 30 June 2025 were $14.1 bn compared with $28.3 bn at 31 December 2024. The decrease was primarily driven by dividends on ordinary shares and additional tier 1 coupon distributions of $8.7 bn and share buy- back payments of $5.0 bn. The profits generated in HSBC Holdings of $9.2 bn in 1H25 will be reflected in the distributable reserves at the next relevant accounts. On 24 June 2025, court approval was obtained for HSBC Holdings to increase its distributable reserves by way of the cancellation of $16.6 bn standing to the credit of its share premium and capital redemption reserves, which took effect on 10 July 2025. This will also increase our distributable reserves at the next relevant accounts, giving us further flexibility to deliver shareholder returns over the coming years. Capital and liquidity position Our CET1 ratio at 30 June 2025 was 14.6 %, down from 14.9% at 31 December 2024. The average high-quality liquid assets (‘HQLA’) we held was $ 678.1 bn. This excludes HQLA in legal entities that are not transferable due to local restrictions. For further details, see page 70 . Ñ For further details, see ‘Capital overview‘ on page 67 .

ESG overview Our approach Our approach to ESG is focused on creating long-term value for our customers and wider stakeholders. We focus our efforts on three areas: the transition to net zero, building inclusion and resilience, and acting responsibly. Transition to net zero Supporting the transition to net zero is a key priority for HSBC. In 2020, we set an ambition to become a net zero bank by 2050. We are committed to supporting our customers to help address their transition needs, pursuing opportunities in the transition that help enable value creation for our shareholders