Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001089113-25-000046
Chunk: 23

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 23
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 |       5,399 |
| –  private banking business in Germany                                                |       1,976 |       2,085 |
| –  business in South Africa                                                           |       3,030 |       3,294 |
| –  retail banking business in Bahrain                                                 |         865 |           — |
| –  other                                                                              |           3 |          20 |
| Combined customer deposits                                                            |   1,672,359 |   1,660,354 |
| Currency translation                                                                  |           — |      20,282 |
| Combined customer deposits at constant currency                                       |   1,672,359 |   1,680,636 |

| 16 | HSBC Holdings plcEarnings Release 1Q25 on Form 6-K |

Earnings Release – 1Q25

Loans and advances to customers Loans and advances to customers of $0.9tn were $14bn higher on a reported basis. This included favourable effects of foreign currency translation differences of $12bn . E xcluding foreign currency translation differences, customer lending balances increased by $2bn . The increase included growth in our CIB segment, mainly in term lending, which was broadly offset by a reduction of $7bn in Corporate Centre from the reclassification of home and other loans retained in France following the disposal of our retail banking operations to ‘ financial investments measured at fair value through other comprehensive income ‘ . The following movements are on a constant currency basis. In our Hong Kong business, customer lending decreased by $2bn . This was driven by lower credit card advances balances, reflecting reduced spending by customers and a decrease in term lending. Mortgage balances also decreased due to ongoing repayments. In our UK business, customer lending rose by $2bn , primarily driven by continued growth in mortgage balances. In CIB, customer lending increased by $7bn . This was driven by term lending growth in our main legal entities in Asia, including in India and Australia, an increase in overdraft balances in HSBC Bank plc, and to a lesser extent growth in our entities in the Middle East and the US. In IWPB, customer lending increased by $2bn , primarily driven by growth in Global Private Banking in our main legal entity in Hong Kong. Customer accounts Customer accounts of $1.7tn increased by $12bn on a reported basis. This included favourable effects of foreign currency translation differences of $20bn , mainly in our UK entities. E xcluding foreign currency translation differences, customer