Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001654954-25-012267
Chunk: 8

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 8
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 aim to redeploy approximately $1.5bn of additional costs from non-strategic activities into these areas over the medium term. So far in 2025, we have announced 11 transactions, which are set to create incremental investment capacity for growth. This includes two transactions announced in the third quarter: the potential sale of our majority shareholding in HSBC Bank Malta plc and the planned sale of our Sri Lanka retail banking business, subject to works council consultations and regulatory approvals, as relevant. We have also commenced a strategic review of our Egypt retail banking business alongside the previously announced targeted strategic reviews of our retail businesses in Australia and Indonesia, which remain underway and on which no decisions have been made. Our CIB businesses in these markets are unaffected by these reviews.

During the fourth quarter of 2025, we expect to recognise certain key impacts from strategic transactions that will be classified as material notable items and are excluded for the purpose of computing our dividend payout ratio. These impacts include an estimated $1.5bn loss on the recycling of the cumulative fair value changes recognised through other comprehensive income to the income statement on completion of the sale of our French retained portfolio of home and certain other loans, which has no incremental impact on CET1 capital. In addition, we expect to recognise an estimated $0.3bn loss on the reclassification as held for sale of our Malta business, an estimated $0.1bn loss on the recycling of reserves associated with our French life insurance business on completion, an estimated $0.1bn gain on the sale of our German private banking business, which completed on 3 October 2025, and an estimated $0.1bn gain on completion of the sale of our Bahrain retail banking business.

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For further details on business disposals, see page 16 .

Our disciplined approach to capital allocation allows us to drive investment into priority growth areas. This includes further enhancing our Wholesale Transaction Banking capabilities, expanding our international businesses and building our Wealth business, particularly in Asia.

We also aim to continue to grow in our home markets in Hong Kong and the UK, focusing on small and medium-size enterprises, digital capabilities and improving our product proposition.

Transaction banking continued to perform well as we leverage our network and capabilities to capture opportunities from changing trade and capital flows. In 9M25, fee and other income in Wholesale Transaction Banking performed strongly with growth of 4% compared with 9M24, particularly from growth in Global Foreign Exchange.

Wealth invested assets as at 30 September 2025,