Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 26

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 26
---
 assets held for sale and $52.6bn in liabilities held for sale at 30 September 2025. This is inclusive of business disposal groups that met the held for sale criteria, for which we reported balances of $45.6bn in assets and $52.6bn in liabilities as held for sale at 30 September 2025. This included reclassifications made in the third quarter of 2025 of $8.5bn in assets and $8.5bn in liabilities, in respect of our UK life insurance business, our business in Uruguay, our retail banking business in Sri Lanka and our fund administration business in Germany. We recognised an immaterial net loss on disposals during the third quarter of 2025. During the fourth quarter of 2025, we expect to recognise certain key impacts from strategic transactions that will be classified as material notable items and are excluded for the purpose of computing our dividend payout ratio. These impacts include an estimated $1.5bn loss on the recycling of the cumulative fair value changes recognised through other comprehensive income to the income statement on completion of the sale of our French retained portfolio of home and certain other loans, which has no incremental impact on CET1 capital. In addition, we expect to recognise an estimated $0.3bn loss on the reclassification as held for sale of our Malta business, an estimated $0.1bn loss on the recycling of reserves associated with our French life insurance business on completion, an estimated $0.1bn gain on the sale of our German private banking business, which completed on 3 October 2025, and an estimated $0.1bn gain on completion of the sale of our Bahrain retail banking business. Retained portfolio of home and certain other loans in France Following the sale of our retail banking operations on 1 January 2024, HSBC Continental Europe retained a portfolio of home and certain other loans, with a carrying value of €7.1bn ($8.3bn) at the time of sale. During the fourth quarter of 2024, we began actively marketing the retained portfolio for sale. As a result, on 1 January 2025 we reclassified the portfolio to a hold-to-collect-and-sell business model, measuring it at fair value through other comprehensive income (’FVOCI’). In the fourth quarter of 2024, we entered into non-qualifying economic hedges to hedge interest rate risk on the portfolio and recognised a $0.1bn mark-to-market gain in