Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 163

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 163
---
 were adjusted for in 2021 and 2020. Unless stated otherwise, all tables are presented on a reported basis. For a summary of our financial performance in 2024, see page 27 . For further financial performance data for each global business and legal entity, see pages 107 to 111 and 119 to 129 respectively. The global business segmental results are presented on a constant currency basis in accordance with IFRS 8 ‘Operating Segments’ as set out in Note 10 : Segmental analysis on page 405 .

| 88 | HSBC Holdings plcAnnual Report on Form 20-F |

Financial summary

Income statement commentary The following commentary compares Group financial performance for the year ended 2024 with 2023 , unless otherwise stated. For commentary on the Group's financial performance for the year ended 31 December 2023 compared with the year ended 31 December 2022, please see pages 103 to 106 of the annual report of HSBC Holdings plc on Form 20-F for the year ended 31 December 2023. For commentary on the performance of our global businesses for the year ended 31 December 2024, see pages 29 to 35 of the annual report of HSBC Holdings plc on Form 20-F for the year ended 31 December 2024 . For commentary on the performance of our global businesses for the year ended 31 December 2023 compared with the year ended 31 December 2022, see pages 30 to 36 of the annual report of HSBC Holdings plc on Form 20-F for the year ended 31 December 2023. Net interest income

|                                 |  Year ended 
 31 Dec 2024 | 31 Dec 2023 | 31 Dec2022 | Quarter ended 
   31 Dec 2024 | 30 Sep 2024 | 31 Dec 2023 |
|:--------------------------------|------------:|------------:|-----------:|--------------:|------------:|------------:|
|                                 |          $m |          $m |         $m |            $m |          $m |          $m |
| Interest income                 |     108,631 |     100,868 |     52,826 |        26,004 |      27,255 |      26,714 |
| Interest expense                |     -75,898 |     -65,072 |    -22,449 |       -17,819 |     -