Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001089113-25-000046
Chunk: 39

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 39
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346,124 |                            -1 |     -1 |    -18 |    -14 |             -20 |     -54 |

1 The total ECL is recognised in the loss allowance for the financial asset unless the total ECL exceeds the gross carrying amount of the financial asset, in which case the ECL is recognised as a provision. 2 At 31 December 2024, the gross carrying amount comprised $1.1bn of loans and advances to customers and banks and $2.1bn of other financial assets at amortised cost including the sales of our private banking business in Germany ($2.2bn) and our business in South Africa ($0.4bn). The corresponding allowance for ECL comprised $4m of loans and advances to customers and banks and $0.3m of other financial assets at amortised cost. 3 Includes only those financial instruments that are subject to the impairment requirements of IFRS 9. ‘Other assets’ as presented within the summary consolidated balance sheet on page 15 comprises both financial and non-financial assets, including cash collateral and settlement accounts. 4 Represents the maximum amount at risk should the contracts be fully drawn upon and clients default. 5 Debt instruments measured at FVOCI continue to be measured at fair value with the allowance for ECL as a memorandum item. Change in ECL is recognised in ‘Change in expected credit losses and other credit impairment charges’ in the income statement.

| Change in expected credit losses and other credit impairment charges by business segment |           |      |      |      |                 |        |
|                                                                                          | Hong Kong |   UK |  CIB | IWPB | CorporateCentre |  Total |
|                                                                                          |        $m |   $m |   $m |   $m |              $m |     $m |
| Quarter ended 31 Mar 2025                                                                |      -320 | -169 | -169 | -227 |               9 |   -876 |
| Quarter ended 31 Dec 2024                                                                |      -356 | -170 | -524 | -310 |              -2 | -1,362 |
| Quarter ended 31 Mar 2024                                                                |      -233 |  -55 | -179 | -247 |              -6 |   -720 |

| 40 | HSBC Holdings plcEarnings Release 1Q25 on Form 6-K |

Earnings Release – 1Q25

| Summary of credit risk (excluding debt instruments