Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 46

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 46
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 retail banking operations to ‘financial investments measured at fair value through other comprehensive income’ in 1Q25 and subsequently to ‘assets held for sale’ in 2Q25. Reverse repurchase agreements – non-trading rose by $31bn or 12% , primarily in HSBC Bank plc, including lower balances eligible for netting. Financial investments increased by $55bn or 11% , mainly in our main legal entity in Hong Kong as well as in HSBC UK and HSBC Bank plc, from the purchase of debt securities, as we redeployed our commercial surplus to benefit from higher yield curves and enhance our structural hedge. The increase was across both debt instruments held at fair value through other comprehensive income and instruments held at amortised cost. Assets held for sale increased by $12bn or 43% . This increase included the reclassification to held for sale of home and other loans retained in France following the disposal of our retail banking operations. It also included the reclassification of $1bn of assets from our custody business in Germany following the announcement of the planned sale of the business. Other assets grew by $52bn or 21% , primarily reflecting an increase in settlement accounts balances, notably in HSBC Bank plc and in the US, from higher trading activity, compared with the seasonal reduction in December 2024. Liabilities Deposits by banks increased by $24bn or 32% , reflecting an increase in client inflows, notably in HSBC Bank plc and in our legal entity in Hong Kong. There was also an increase in deposits by banks in the US. Customer accounts of $1,719bn increased by $64bn or 4% on a reported basis. This included a favourable impact from foreign currency translation differences of $71bn , mainly in our UK entities. On a constant currency basis , customer accounts decreased by $8bn . The following movements are on a constant currency basis. In CIB, customer accounts decreased by $27bn , primarily in HSBC Bank plc driven by the classification to ‘liabilities of disposal groups held for sale’ of $12bn of deposits from our custody business in Germany. There was also a reduction in the UK non-ringfenced bank, primarily in GPS deposits, which declined during 1H25 following a seasonal increase in 4Q24. This was partly offset by growth across Asia and the Middle East. In our Hong Kong business segment, customer accounts increased by $15bn . This was driven by growth in retail deposits, reflecting broader market