Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 69

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 69
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 sensitivity impact is therefore largely the result of changes in macroeconomic assumptions.

| HSBC Holdings plc Interim Report 2025 on Form 6-K |
| 53                                                |

| Overview |     | Interim management report |     | Interim condensed consolidatedfinancial statements |     | Additional information |
|          |     | Risk                      |     |                                                    |     |                        |

Wholesale analysis

At 30 June 2025, the highest level of 100% scenario-weighted ECL

was observed in the UK and Hong Kong. This higher ECL impact was

largely driven by significant exposure in these regions. In the

wholesale portfolio, off-balance sheet financial instruments have a

lower likelihood to be fully converted to a funded exposure at the

point of default, and consequently the ECL sensitivity impact is lower

in relation to its nominal amount when compared with an on-balance

sheet exposure with similar risk profile.

Compared with 31 December 2024, the Downside 2 ECL impact

decreased by $ 1.4b n, mostly in the UK due to new PD models. These

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.

| Wholesale IFRS 9 ECL sensitivity to future economic conditions1,2,3 |                               |                          |                                            |                                           |                                             |                                     |
| By geography at30 Jun20255                                          | ReportedGross carryingamount4 | Reportedallowancefor ECL | Consensus Centralscenario allowancefor ECL | Consensus Upsidescenario allowancefor ECL | Consensus Downsidescenario allowancefor ECL | Downside 2scenario allowancefor ECL |
| $m                                                                  |                            $m |                       $m |                                         $m |                                        $m |                                          $m |                                     |
| UK                                                                  |                       439,863 |                      618 |                                        579 |                                       521 |                                         732 |                               1,082 |
| US                                                                  |                       199,656 |                      215 |                                        191 |                                       169 |                                         298 |                                 515 |
| Hong Kong                                                           |                       467,487 |                      814 |                                        758 |                                       607 |                                         966 |                               1,524 |
| Mainland China                                                      |                       134,762 |                      236 |                                        190 |                                       121