Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 176

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 176
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 305,520 | 128,444 | 63,535 | 248,456 | 1,611,647 |
| Total deposits                           |     470,711 | 441,956 | 308,117 | 135,441 | 68,052 | 260,533 | 1,684,810 |

1 ‘Others’ includes items with no currency information available of $ 878 m for loans to banks (2023: $ 1,592 m), $ 941 m for loans to customers (2023: $ 1,904 m), nil for deposits by banks (2023: $ 11 m) and $ 6 m for customer accounts (2023: $ 8 m). Risk-weighted assets Risk-weighted assets (‘RWAs‘) decreased by $ 15.8 bn during the year, primarily due to strategic disposals of $ 47.8 bn, a decrease of $ 22.2 bn from foreign currency translation differences and a $ 8.9 bn reduction from methodology and policy changes, mainly driven by a $7.5bn fall due to regulatory changes related to the risk-weighting of residential mortgages in Hong Kong. These were offset by the increase of $63.1bn RWAs, reflected in the following movements: – a $ 49.4 bn increase in asset size, which was in part attributed to a $14.6bn rise in operational risk, driven by an increase in average income. Further increases were due to corporate lending growth, largely in HSBC UK Bank plc and in SAB, higher sovereign exposures in Other trading entities and Asia, and retail mortgage growth in the US and HSBC UK Bank plc; and – a $ 7.4 bn increase mainly following a revision to the definition of default in our probability of default (‘PD‘) models for exposures to financial institutions and post-model adjustments in Hong Kong, and a $ 6.3 bn increase from credit risk migrations in Asia, including in the Hong Kong commercial real estate sector. In January 2025, the PRA announced the delay of Basel 3.1 implementation to 1 January 2027 pending US developments. The near-final rules released in September 2024 are now subject to a three-year transitional provision, ensuring that the date for full implementation remains 1 January 2030. We expect that the impact on our CET1 ratio will be a modest benefit.

| RWAs by currency |             |         |