Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 313

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 313
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534 |                      -1,534 |            1,534 |
| Foreign exchange and others1,2,3                                                                                                                                                    |                     -21,938 |               52 |                      -1,111 |              109 |                        -227 |               72 |                     -23,276 |              233 |
| At 31 Dec2024                                                                                                                                                                       |                     656,651 |             -587 |                      41,610 |           -1,158 |                       3,646 |             -801 |                     701,907 |           -2,546 |
| ECL income statement change for the period                                                                                                                                          |                             |            1,008 |                             |           -1,310 |                             |           -1,119 |                             |           -1,421 |
| Recoveries                                                                                                                                                                          |                             |                  |                             |                  |                             |                  |                             |              220 |
| Others                                                                                                                                                                              |                             |                  |                             |                  |                             |                  |                             |              -32 |
| Total ECL income statement change for theperiod                                                                                                                                     |                             |                  |                             |                  |                             |                  |                             |           -1,233 |

1 Total includes $ 0.8bn of gross carrying loans and advances to customers, which were classified to assets held for sale, and a corresponding allowance for ECL of $ 23m , reflecting business disposals, as disclosed in Note 23 ‘Assets held for sale and liabilities of disposal groups held for sale’ on page 433 . 2 Total includes $ 6.4b n of nominal amount and $ 1m of corresponding allowance for ECL related to derecognition of loan commitments and financial guarantees following the sale of our banking business in Canada during 2024. 3 Total includes $ 2.4 bn of nominal amount related to derecognition of loan commitments and financial guarantees following the sale of our banking business in Argentina during 2024. As shown in the above table, the allowance for ECL for loans and advances to customers and relevant loan commitments and financial guarantees decreased by $ 346 m during the period from $ 2,892m at 31 December 2023 to $ 2,546m at 31 December 2024 .

| 218 | HSBC Holdings plcAnnual Report on Form 20-F |

Risk review

This decrease was driven by: – $ 1,534m of assets written off; – $ 731m relating to volume movements, which