Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 278

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 278
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              41,131 |             -175 |
| –  corporate and commercial                                                                                       |                    27,789 |             -120 |                              3,012 |               -3 |                   — |                — |              30,801 |             -123 |
| –  non-bank financial institutions                                                                                |                     1,489 |               -5 |                                 52 |                — |                 115 |                — |               1,656 |               -5 |
| Loans and advances to banks atamortised cost                                                                      |                       154 |                — |                             10,333 |                — |                   — |                — |              10,487 |                — |
| At 31 Dec2023                                                                                                     |                    56,503 |             -220 |                             27,317 |              -82 |                 255 |               -1 |              84,075 |             -303 |

1 The table above does not include disposals completed during 2024 including the sale of our retail banking operations in France completed on 1 January 2024 and

our banking business in Canada completed on 28 March 2024. The sale of our business in Argentina was announced in the first quarter of 2024 and completed

on 6 December 2024. The gross loans and advances to customers and banks in Argentina were $ 1,760m and the associated allowance for ECL was $ 34m at

31 March 2024. For more details, please refer to business disposals as disclosed in Note 23 on page 433 .

| HSBC Holdings plcAnnual Report on Form 20-F | 177 |

The table below analyses the amount of ECL (charges)/releases arising from assets held for sale. The charges during the period relate to our

businesses in Canada ( $ 41m ) and in Argentina ( $ 40m ).

| Changes in expected credit losses and other credit impairment |        |        |
| (Audited)                                                     |        |        |
|                                                               |   2024 |   2023 |
|                                                               |     $m |     $m |
| ECL (charges)/releases arising from:                          |        |        |
| –  assets held for sale                                       |    -81 |    -49 |
| –  assets not held for sale                                   | -3,333 | -3,398 |
| Year ended 31 Dec                                             | -3,414 | -3,447