Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001654954-25-004763
Chunk: 31

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 31
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icia received as part of the sale consideration for HSBC Argentina; 1Q24 included gains on the disposal of our banking business in Canada, inclusive of foreign exchange hedging of the sale proceeds, the recycling of foreign currency translation and other reserve losses. 1Q24 also included an impairment recognised in relation to the sale of our business in Argentina; 4Q24 included losses on the completion of our disposal of our business in Argentina, including the recycling of foreign currency and other reserve losses.

2 Amounts relate to restructuring provisions recognised in 1Q25 and 4Q24 as well as reversals of restructuring provisions recognised during 2022.

Business segments

Constant currency results and notable items by business segment

| Constant currency results1                       | Quarter ended 31 Mar 2025 |         |         |         |           |           |
|:-------------------------------------------------|--------------------------:|--------:|--------:|--------:|----------:|----------:|
|                                                  |                 Hong Kong |      UK |     CIB |    IWPB | Corporate 
    Centre |     Total |
|                                                  |                        $m |      $m |      $m |      $m |        $m |        $m |
| Revenue2                                         |                     4,006 |   3,003 |   7,187 |   3,511 |       -58 |    17,649 |
| ECL                                              |                      -320 |    -169 |    -169 |    -227 |         9 |      -876 |
| Operating expenses                               |                    -1,143 |  -1,283 |  -3,498 |  -2,106 |       -72 |    -8,102 |
| Share of profit in associates and joint ventures |                         - |       - |       - |      10 |       803 |       813 |
| Profit before tax                                |                     2,543 |   1,551 |   3,520 |   1,188 |       682 |     9,484 |
| Loans and advances to customers (net)3           |                   233,054 | 276,965 | 295,097 | 139,416 |       176 |   944,708 |
| Customer accounts                                |                   505,334 | 339,570 | 554,760 | 266,428 |       393 | 1,666,485 |

1 In the current period