Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 35

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 35
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2% higher on a constant currency basis, including an adverse impact of $0.6bn from strategic transactions. Banking NII of $5.2bn decreased by $0.6bn or 10% , primarily driven by the impact of disposals in Canada and Argentina of $0.5bn , and the effects of lower interest rates on deposits. This reduction was partly offset by balance sheet growth. Fee and other income of $5.8bn was up by $1.1bn or 22% , driven by Wealth due to broad-based growth across all products and in multiple markets, including Hong Kong, mainland China, Singapore, Mexico and Taiwan. In Wealth, fee and other income of $5.2bn was up $0.9bn or 21% . – Insurance increased by $0.5bn or 31% , reflecting a higher CSM release given continued year-on-year growth in our CSM balance and favourable experience variances. The insurance manufacturing CSM balance at 30 September 2025 was $14.6bn, up $1.5bn or 11% compared with 30 September 2024. The increase primarily reflected new business CSM growth and included a reduction of $1.0bn from the reclassification of our life insurance businesses in France and the UK to held for sale. – Private Bank increased by $0.2bn or 18% , as increased customer activity led to strong performances in brokerage and trading, and from higher annuity fees, driven by growth in invested asset balances. – Investment distribution rose by $0.2bn or 23% , primarily due to higher sales of mutual funds and structured products, mainly in Asia. Notable items in 9M25 included losses associated with the planned sales of our French life insurance business and our UK life insurance entity. ECL of $0.7bn in 9M25 were broadly stable compared with 9M24 on a constant currency basis. Operating expenses of $6.8bn were $0.3bn or 5% higher than in 9M24 on a constant currency basis, primarily reflecting continued investments in Wealth, higher planned spend and investment in technology, the impact of inflation and an increase in restructuring and other related costs. These increases were partly offset by a reduction in costs following our business disposals in Canada and Argentina.

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