Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 301

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 301
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 agreement commitments                                                                               |                        49,289 |                 — |                         — |
| Performance and other guarantees not considered for IFRS 9                                                                       |                             — |                 — |                      -173 |
| Summary of financial instruments to which the impairment requirements in IFRS 9 areapplied/Summary consolidated income statement |                     2,507,370 |           -10,197 |                    -3,420 |
| Debt instruments measured at FVOCI                                                                                               |                       346,124 |               -54 |                         6 |
| Total allowance for ECL/total income statement ECL change for the period                                                         |                           n/a |           -10,251 |                    -3,414 |

As shown in the previous table, the allowance for ECL for loans and

advances to customers and banks and relevant loan commitments

and financial guarantees decreased $ 1,390m during the period from

$ 11,495m at 31 December 2023 to $ 10,105m at 31 December 2024 .

This decrease was driven by:

– $ 4,459m of assets written off;

– $ 2,103m relating to volume movements, which included the

allowance for ECL associated with new originations, assets

derecognised and further lending/repayment;

– foreign exchange and other movements of $ 166m ; and

– $ 44m of changes to models used for ECL calculation.

| HSBC Holdings plcAnnual Report on Form 20-F | 193 |

These were partly offset by: – $ 5,366m relating to credit quality changes, including the credit quality impact of financial instruments transferring between stages; and – $ 16m relating to the net remeasurement impact of stage transfers. The ECL charge for the period of $ 3,235m presented in the previous table consisted of $ 5,366m relating to credit quality changes, including the credit quality impact of financial instruments transferring between stages and $ 16m relating to the net remeasurement impact of stage transfers. This was partly offset by $ 2,103m relating to underlying net book volume movement and $ 44m in changes to models used for ECL calculation. Summary views of the movement in wholesale and personal lending are presented on pages 203 and 215 .

| Reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to banks and customers includingloan commitments and financial guarantees |                     |