Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 177

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 177
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 |        |        |         |         |
|                  |          At |         |         |        |        |         |         |
|                  | 31 Dec 2024 |         |         |        |        |         |         |
| $m               |         USD |     GBP |     HKD |    EUR |    CNY |  Others |   Total |
| RWAs1            |     205,645 | 165,684 | 136,001 | 67,440 | 56,561 | 206,923 | 838,254 |
|                  | 31 Dec 2023 |         |         |        |        |         |         |
| RWAs1            |     202,697 | 155,231 | 135,701 | 69,996 | 57,907 | 232,582 | 854,114 |

1 RWAs include credit risk, market risk and operational risk RWAs.

| 96 | HSBC Holdings plcAnnual Report on Form 20-F |

Financial summary

Average balance sheet Average balance sheet and net interest income Average balances and related interest are shown for the domestic operations of our principal commercial banks by legal entity. ‘Other trading entities’ comprise the operations of our principal commercial banking and consumer finance entities outside their domestic markets and all other banking operations, including investment banking balances and transactions. Average balances are based on daily averages for the principal areas of our banking activities with monthly or less frequent averages used elsewhere. Balances and transactions with fellow subsidiaries are reported gross in the principal commercial banking and consumer finance entities, and the elimination entries are included within ‘Holding companies, shared service centres and intra-group eliminations’. Net interest margin numbers are calculated by dividing net interest income as reported in the income statement by the average interest- earning assets from which interest income is reported within the ‘Net interest income’ line of the income statement. Total interest-earning assets include credit-impaired loans where the carrying amount has been adjusted as a result of impairment allowances. In accordance with IFRSs, we recognise interest income on credit-impaired assets after the carrying amount has been adjusted as a result of impairment. Fee income that forms an integral part of the effective interest rate of a financial instrument is recognised as an adjustment to the effective interest rate and recorded in ‘Interest income’.

| Assets                                                                                                                |                |                |       |                |                |       |
|                                                                                                                       |           2024 |                |       |           2023 |