Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001654954-25-004763
Chunk: 32

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 32
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, constant currency results are equal to reported, as there is no currency translation.

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

3 The reduction in loans and advances to customers in Corporate Centre includes the reclassification to 'financial investments measured at fair value through other comprehensive income' of a portfolio of home and other loans retained following the disposal of our retail banking operations in France. With effect from 1 January 2025 we reclassified this portfolio to a hold-to-collect-and-sell business model, measuring it at fair value through other comprehensive income.

| Notable items                                         | Quarter ended 31 Mar 2025 |    |     |      |                  |       |
|:------------------------------------------------------|--------------------------:|---:|----:|-----:|-----------------:|------:|
|                                                       |                 Hong Kong | UK | CIB | IWPB | Corporate Centre | Total |
|                                                       |                        $m | $m |  $m |   $m |               $m |    $m |
| Revenue                                               |                           |    |     |      |                  |       |
| Disposals, wind-downs, acquisitions and related       
 costs1                                                |                         - |  - |   - |  -14 |              -77 |   -91 |
| Operating expenses                                    |                           |    |     |      |                  |       |
| Disposals, wind-downs, acquisitions and related costs |                         - |  - | -26 |   -4 |              -20 |   -50 |
| Restructuring and other related costs2                |                        -7 | -4 | -46 |  -23 |              -61 |  -141 |

1 Includes fair value losses on ADRs in Galicia received as part of the sale consideration for HSBC Argentina.

2 Amounts relate to restructuring provisions recognised in 2025 as well as reversals of restructuring provisions recognised during 2022.

| Constant currency results (continued)          | Quarter ended 31 Mar 2024 |         |         |         |           |           |
|:-----------------------------------------------|--------------------------:|--------:|--------:|--------:|----------:|----------:|
|                                                |                 Hong Kong |      UK |     CIB |    IWPB | Corporate 
    Centre |     Total |
|                                                |                        $m |      $m |      $m |      $m |        $m |