Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 27

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 27
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 ‘net income from financial instruments held for trading or managed on a fair value basis’ in 2025. The disposal group met held for sale criteria in the second quarter of 2025, with balances remaining classified as held for sale at 30 September 2025 of $6.0bn in loans. On 18 July 2025, HSBC Continental Europe signed a memorandum of understanding with a consortium comprising Rothesay Life plc and CCF regarding the sale of the portfolio. Following the completion of the requisite works council consultation processes, the parties entered into a sale and purchase agreement on 16 October 2025. The transaction is expected to complete in the fourth quarter of 2025, when cumulative fair value losses recognised through other comprehensive income on the remeasurement of the financial instruments would recycle to the income statement. These stood at $1.5bn at 30 September 2025.

| HSBC Holdings plc Earnings Release 3Q25 on Form 6-K |
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Other business disposals On 3 October 2025, HSBC Continental Europe completed the sale of its private banking business in Germany to BNP Paribas. Prior to completion, as at 30 September 2025, the balances that remained classified as held for sale were $1.5bn in assets and $1.5bn in liabilities. In the fourth quarter of 2025, we will recognise an estimated pre-tax gain on disposal of $0.1bn. On 24 September 2025, The Hongkong and Shanghai Banking Corporation Limited, Sri Lanka branch, entered into a binding agreement to sell its retail banking business to Nations Trust Bank PLC. The transaction, which is subject to regulatory approvals, is expected to complete in the first half of 2026, at which point an estimated immaterial pre-tax gain on disposal will be recognised. On 16 September 2025, HSBC Continental Europe signed a put option agreement with CrediaBank S.A. regarding the potential sale of its majority shareholding of 70.03% in HSBC Bank Malta plc. The potential transaction, which remains subject to a works council consultation process and regulatory approvals, is expected to complete in the second half of 2026. The potential sale is expected to generate an estimated pre-tax loss on disposal of $0.4bn, which we expect to recognise largely in the fourth quarter of 2025 upon classification of the disposal group as held for sale. On 27 July 202