Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 568

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 568
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,500 |             7,530 |                    4,559 |          -1,287 |    16,302 |
|                                                                                                            |                         % |                 % |                        % |               % |         % |
| Share of HSBC’s constant currency profit before tax                                                        |                      33.7 |              46.2 |                     28.0 |            -7.9 |     100.0 |
| Constant currency cost efficiency ratio                                                                    |                      68.1 |              42.0 |                     64.7 |           -96.9 |      65.0 |
| Constant currency balance sheet data                                                                       |                        $m |                $m |                       $m |              $m |        $m |
| Loans and advances to customers (net)                                                                      |                   425,072 |           309,224 |                  186,653 |             350 |   921,299 |
| Interests in associates and joint ventures                                                                 |                       503 |                27 |                       90 |          27,676 |    28,296 |
| Total external assets                                                                                      |                   873,688 |           602,624 |                1,305,319 |         161,872 | 2,943,503 |
| Customer accounts                                                                                          |                   781,881 |           462,806 |                  323,420 |             443 | 1,568,550 |

1 Net operating income before change in expected credit losses and other credit impairment charges, also referred to as revenue.

2 Net interest expense recognised in Corporate Centre incl udes $ 11.4 bn (2023: $ 8.7 bn ; 20 22: $ 2.5b n) of interest expense in relation to the internal cost to fund

trading and fair value net assets; and the funding cost of foreign exchange swaps in our Markets Treasury function.

3 Includes an impairment loss of $ 3.0b n recognised in respect of the Group’s investment in BoCom in 2023.

Reported external net operating income is attributed to countries and territories on the basis of the location of the branch responsible for

reporting the results or advancing the funds:

|                                                                        |   2024 |   2023 |   2022 |
|                                                                        |     $m |     $m |     $m |
| Reported external net operating income/(expense) by country/territory1 |