Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 48

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 48
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crease) as presented in the below table .

|                                  | Retail | Wholesale1 |
| Total Group ECL at30 Sep 20252   |    $bn |        $bn |
| Reported ECL                     |    2.6 |        2.2 |
| Scenarios                        |        |            |
| 100% consensus Central scenario  |   -0.1 |       -0.1 |
| 100% consensus Upside scenario   |   -0.2 |       -0.5 |
| 100% consensus Downside scenario |    0.1 |        0.6 |
| 100% Downside 2 scenario         |    1.0 |        2.6 |

| Total Group ECL at31 Dec 20242  |      |      |
| Reported ECL                    |  2.4 |  2.2 |
| Scenarios                       |      |      |
| 100%consensus Central scenario  | -0.1 | -0.2 |
| 100% consensus Upside scenario  | -0.1 | -0.6 |
| 100%consensus Downside scenario |  0.0 |  0.7 |
| 100%Downside 2 scenario         |  1.5 |  4.3 |

1 Includes low credit-risk financial instruments, such as debt instruments at FVOCI, which have high carrying values but low ECL under all the scenarios. 2 ECL sensitivities exclude portfolios utilising less complex modelling approaches for the retail portfolio and defaulted obligors for the wholesale portfolio. At 30 September 2025, the Group allowance for ECL increased by $0.2bn in the retail portfolio, while in the wholesale portfolio it remained materially consistent with 31 December 2024. For the wholesale and retail portfolios, the allowance for ECL under each of the consensus scenarios was materially consistent with 31 December 2024. The Downside 2 ECL allowance decreased for both the retail and wholesale portfolios. In the wholesale portfolio this was mainly due to the implementation of new PD models, and in the retail portfolio this was due to the reduced severity of house price forecasts in Hong Kong. The new wholesale models include a recent calibration of credit risk experience under a higher interest rate environment and result in a reduction of sensitivity to severe stress under similar conditions. Personal lending

| Total personal lending for loans and advances to customers at amortised