Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001654954-25-012267
Chunk: 36

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 36
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 19.7 |        17.8 |                    |        |      |

1 For a description of how we derive banking NII, see page 14 . Banking NII in IWPB is computed by deducting third-party NII in our insurance business from total IWPB NII, which was $0.3bn in 9M25 (9M24: $0.3bn). Total Insurance NII is presented in 'fee and other income' in Wealth.

2 Includes allocated revenue from Markets Treasury and hyperinflationary impacts. It also includes other non-product-specific income.

3 For details of our RoTE calculation by business segment, see page 40 .

4 Impact of strategic transactions classified as material notable items. For further details, see 'Strategic transactions supplementary analysis' on page 31 .

Profit before tax of $3.4bn was $0.1bn lower than in 9M24 on a constant currency basis, due to the impact of strategic transactions of $0.4bn.

Revenue of $10.8bn was $0.3bn or 2% higher on a constant currency basis, including an adverse impact of $0.6bn from strategic transactions.

Banking NII of $5.2bn decreased by $0.6bn or 10%, primarily driven by the impact of disposals in Canada and Argentina of $0.5bn, and the effects of lower interest rates on deposits. This reduction was partly offset by balance sheet growth.

Fee and other income of $5.8bn was up by $1.1bn or 22%, driven by Wealth due to broad-based growth across all products and in multiple markets, including Hong Kong, mainland China, Singapore, Mexico and Taiwan.

In Wealth, fee and other income of $5.2bn was up $0.9bn or 21%.

- Insurance increased by $0.5bn or 31%, reflecting a higher CSM release given continued year-on-year growth in our CSM balance and favourable experience variances. The insurance manufacturing CSM balance at 30 September 2025 was $14.6bn, up $1.5bn or 11% compared with 30 September 2024. The increase primarily reflected new business CSM growth and included a reduction of $1.0bn from the reclassification of our life insurance businesses in France and the UK to held for sale.

- Private Bank increased by $0.2bn or 18%, as