Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 277

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 277
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 Loans and advances to customers and banks measured at amortised cost |                               |                  |                               |                  |
| (Audited)                                                            |                               |                  |                               |                  |
|                                                                      |                          2024 |                  |                          2023 |                  |
|                                                                      | Total gross loansand advances | Allowancefor ECL | Total gross loansand advances | Allowancefor ECL |
|                                                                      |                            $m |               $m |                            $m |               $m |
| As reported                                                          |                     1,042,425 |           -9,728 |                     1,062,526 |          -11,089 |
| Reported in ‘Assets held for sale’                                   |                         1,113 |               -4 |                        84,075 |             -303 |
| At 31 December                                                       |                     1,043,538 |           -9,732 |                     1,146,601 |          -11,392 |

At 31 December 2024, gross loans and advances of our business in

South Africa were $ 660m and the related allowance for ECL was

$ 4m . Gross loans and advances of our private banking business in

Germany were $ 309m and of our French life insurance business were

$ 144m , both with negligible allowance for ECL.

Lending balances held for sale continue to be measured at amortised

cost less allowances for impairment and, therefore, such carrying

amounts may differ from fair value.

These lending balances are part of associated disposal groups that are

measured in their entirety at the lower of carrying amount and fair

value less costs to sell. Any difference between the carrying amount

of these assets and their sales price is part of the overall gain or loss

on the associated disposal group as a whole.

For further details of the carrying amount and the fair value at 31 December

2024 of loans and advances to banks and customers classified as held for

sale, see Note 23 on the financial statements.

| Gross loans and allowance for ECL on loans and advances to customers and banks reported in ‘Assets held for sale’ |                           |                  |                                    |                  |                     |                  |                     |                  |
| (Audited)                                                                                                         |                           |                  |                                    |                  |                     |                  |                     |                  |
|                                                                                                                   |              South Africa |                  |     German Private BankingBusiness |                  |               Other |                  |               Total |                  |
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