Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001654954-25-004763
Chunk: 20

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 20
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294 |
| -  retail banking business in Bahrain                              |         865 |           - |
| -  other                                                           |           3 |          20 |
| Combined customer deposits                                         |   1,672,359 |   1,660,354 |
| Currency translation                                               |           - |      20,282 |
| Combined customer deposits at constant currency                    |   1,672,359 |   1,680,636 |

Loans and advances to customers

Loans and advances to customers of $0.9tn were $14bn higher on a reported basis. This included favourable effects of foreign currency translation differences of $12bn. Excluding foreign currency translation differences, customer lending balances increased by $2bn. The increase included growth in our CIB segment, mainly in term lending, which was broadly offset by a reduction of $7bn in Corporate Centre from the reclassification of home and other loans retained in France following the disposal of our retail banking operations to 'financial investments measured at fair value through other comprehensive income'.

The following movements are on a constant currency basis.

In our Hong Kong business, customer lending decreased by $2bn. This was driven by lower credit card advances balances, reflecting reduced spending by customers and a decrease in term lending. Mortgage balances also decreased due to ongoing repayments.

In our UK business, customer lending rose by $2bn, primarily driven by continued growth in mortgage balances.

In CIB, customer lending increased by $7bn. This was driven by term lending growth in our main legal entities in Asia, including in India and Australia, an increase in overdraft balances in HSBC Bank plc, and to a lesser extent growth in our entities in the Middle East and the US.

In IWPB, customer lending increased by $2bn, primarily driven by growth in Global Private Banking in our main legal entity in Hong Kong.

Customer accounts

Customer accounts of $1.7tn increased by $12bn on a reported basis. This included favourable effects of foreign currency translation differences of $20bn, mainly in our UK entities. Excluding foreign currency translation differences, customer accounts decreased by $9bn.

The following movements are on a constant currency basis.

In our Hong Kong and UK business segments, customer accounts remained stable.

In CIB, customer accounts decreased by $12bn. This was driven by lower balances in our legal entities in Asia and the US, primarily reflecting seasonal outflows in 1Q25.

In IWPB, customer accounts rose