Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 41

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 41
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 well as growth in commercial customer lending (up $5.7bn). The increase in IWPB was driven by higher ‘Other personal lending‘ Private Banking balances in our entities in Asia. The increase in CIB was driven by higher balances in our entities in Asia, the Middle East and Europe across several industries. The decrease in our Hong Kong business was primarily driven by lower commercial customer lending, reflecting muted customer demand. The decrease in Corporate Centre was driven by the reclassification to ‘Assets held for sale‘ of our retained portfolio of home and other loans associated with the sale of our retail banking operations in France. There was an increase in stage 2 loans and advances to banks and customers of $10.0bn on a constant currency basis. This was mainly driven by updates to our wholesale probability of default (‘PD’) models at 2Q25, which resulted in a shift of balances between stage 1 and 2, mainly in Asia. The balances transferred to stage 2 consisted of up-to-date loans mainly in the ‘Good’ and ‘Satisfactory’ credit quality buckets. At 30 September 2025 , the allowance for ECL of $11.1bn comprised $10.6bn in respect of assets held at amortised cost, $0.4bn in respect of loan commitments and financial guarantees, and $0.1bn in respect of debt instruments measured at FVOCI. On a constant currency basis, the allowance for ECL in relation to loans and advances to customers increased by $0.4bn, mainly due to increases in stage 3. The ECL charge for the first nine months of 20 25 was $2.9bn (9M24: $2.1bn), inclusive of recoveries. It comprised: $1.2bn in respect of the Hong Kong business segment; $0.6bn in respect of the UK business segment; $0.5bn in respect of CIB; and $0.7bn in respect of IWPB. For further details on ECL charges in each of our business segments, see pages 18 and 44 . ECL charges in the mainland China CRE sector were immaterial in 9M25. ECL charges in the Hong Kong CRE sector (excluding exposure to mainland China borrowers) were $0.2bn in 3Q25 and $0.7bn in 9M25. This reflected updates to our models used for ECL calculations, an increase in allowances for new