Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 44

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 44
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 calculation of ECL, including the measurement uncertainties and significant judgements applied to such calculations, the impact of economic scenarios and management judgemental adjustments, see pages 47 to 55 .

| Staff numbers (full-time equivalents)1   |             |             |            |
|                                          |          At |             |            |
|                                          | 30 Jun 2025 | 30 Jun 2024 | 31 Dec2024 |
| Business segment                         |             |             |            |
| Hong Kong                                |      33,144 |      34,836 |     34,578 |
| UK                                       |      31,511 |      30,653 |     30,783 |
| Corporate and Institutional Banking      |      73,171 |      72,674 |     71,935 |
| International Wealth and Premier Banking |      73,019 |      75,451 |     73,668 |
| Corporate Centre                         |         285 |         364 |        340 |
| Total staff numbers                      |     211,130 |     213,978 |    211,304 |

1 Represents the number of full-time equivalent people with contracts of service with the Group who are being paid at the reporting date. Operating expenses of $17.0bn were $0.7bn or 4% higher than in 1H24, driven by $0.6bn of restructuring and other related costs in 1H25 related to our organisational simplification , mainly severance costs that are classified as notable items . It also included an increase of $0.1 bn related to strategic disposals and wind-downs , including asset impairments in Europe . In addition, growth included higher spend and investment in technology and the impacts of inflation. These increases were partly offset by reductions following the completion of our business disposals in Canada and Argentina, the impact of our restructuring activities, and a favourable impact from foreign currency translation differences of $0.1bn . The number of employees expressed in full-time equivalent staff at 30 June 2025 was 211,130 , a decrease of 174 from 31 December 2024. The number of contractors at 30 June 2025 was 4,070 , a decrease of 156 from 31 December 2024. Share of profit in associates and joint ventures of $1.7bn was $25m or 2% higher, reflecting an increase in the share of profit from SAB.