SCPLC Half Year Results 2026 - Part 2

Summary by AI ^BETAClose X

Standard Chartered PLC reported a robust capital position with a CET1 ratio of 14.2% and a leverage ratio of 4.7% as of June 30, 2026. The bank's total capital ratio stood at 21.1%, and its MREL ratio was 35.2% of RWA. During the first half of 2026, the Group saw a net increase in loans and advances to customers to $299.3 billion, with 94% remaining in Stage 1. Credit impairment charges for the period were $446 million, an increase from $336 million in the prior year, largely influenced by management overlays related to the Middle East conflict and increased non-linearity charges due to geopolitical uncertainty. The Group maintained a strong liquidity coverage ratio of 148%, exceeding both its risk appetite and regulatory requirements.

Disclaimer*

Title		Supplementary information
Approach for determining ECL		• IFRS 9 ECL methodology
Key assumptions and judgements in determining ECL		• Incorporation of forward-looking information
• Forecast of key macroeconomic variables underlying the ECL calculation and the impact of non-linearity
• Impact of multiple economic scenarios
• Judgemental adjustments and management overlays
• Sensitivity of ECL calculation to macroeconomic variables
Transfers between stages		• Movement in gross exposures and credit impairment
Modified financial assets		• Forborne and other modified loans

		30.06.26				31.12.25
On-balance sheet
Cash and balances at central banks	84,541	-	-	84,541	77,746	-	-	77,746
Loans and advances to banks¹	45,962	4,109	-	41,853	43,901	3,724	-	40,177
Of which - reverse repurchase agreements and other similar secured lending	4,109	4,109	-	-	3,724	3,724	-	-
Loans and advances to customers¹	299,279	133,043	-	166,236	286,788	134,253	-	152,535
Of which - reverse repurchase agreements and other similar secured lending	7,395	7,395	-	-	8,242	8,242	-	-
Investment securities - Debt securities and other eligible bills^2,3	155,289	-	-	155,289	165,753	-	-	165,753
Fair value through profit or loss⁴	214,100	94,235	-	119,865	186,173	84,130	-	102,043
Loans and advances to banks	1,811	-	-	1,811	2,984	-	-	2,984
Loans and advances to customers	11,054	-	-	11,054	12,355	-	-	12,355
Reverse repurchase agreements and other similar lending	94,235	94,235	-	-	84,130	84,130	-	-
Investment securities - Debt securities and other eligible bills⁴	107,000	-	-	107,000	86,704	-	-	86,704
Derivative financial instruments⁵	82,225	18,605	54,377	9,243	65,782	14,168	44,712	6,902
Accrued income	2,441	-	-	2,441	2,631	-	-	2,631
Assets held for sale⁹	1,133	-	-	1,133	1,042	-	-	1,042
Other assets⁶	54,414	-	-	54,414	36,770	-	-	36,770
Total balance sheet	939,384	249,992	54,377	635,015	866,586	236,275	44,712	585,599
Off-balance sheet⁷
Undrawn Commitments	204,616	4,092	-	200,524	199,245	3,513	-	195,732
Financial Guarantees and other equivalents	120,748	4,341	-	116,407	114,193	3,214	-	110,979
Total off-balance sheet	325,364	8,433	-	316,931	313,438	6,727	-	306,711
Total	1,264,748	258,425	54,377	951,946	1,180,024	243,002	44,712	892,310

	30.06.26
Cash and balances at central banks	83,534	-	83,534	410	-	410	599	(2)	597	84,543	(2)	84,541
Loans and advances to banks (amortised cost)	45,261	(9)	45,252	637	-	637	80	(7)	73	45,978	(16)	45,962
Loans and advances to customers (amortised cost)	283,953	(515)	283,438	13,757	(489)	13,268	5,705	(3,132)	2,573	303,415	(4,136)	299,279
Debt securities and other eligible bills⁵	151,984	(63)		3,038	(4)		298	(4)		155,320	(71)
Amortised cost	62,847	(30)	62,817	212	(1)	211	17	-	17	63,076	(31)	63,045
FVOCI²	89,137	(33)		2,826	(3)		281	(4)		92,244	(40)	-
Accrued income (amortised cost)⁴	2,441	-	2,441	-	-	-	-	-	-	2,441	-	2,441
Assets held for sale	1,110	(15)	1,095	40	(6)	34	7	(3)	4	1,157	(24)	1,133
Other assets⁴	54,413	-	54,413	-	-	-	4	(3)	1	54,417	(3)	54,414
Undrawn commitments³	200,776	(87)		3,838	(47)		2	(1)		204,616	(135)
Financial guarantees, trade credits and irrevocable letter of credits³	117,802	(40)		2,426	(16)		520	(106)		120,748	(162)
Total	941,274	(729)		24,146	(562)		7,215	(3,258)		972,635	(4,549)

	31.12.25
Cash and balances at central banks	76,520	-	76,520	463	(1)	462	773	(9)	764	77,756	(10)	77,746
Loans and advances to banks (amortised cost)	43,608	(6)	43,602	217	(1)	216	90	(7)	83	43,915	(14)	43,901
Loans and advances to customers (amortised cost)	275,062	(528)	274,534	9,823	(446)	9,377	5,964	(3,087)	2,877	290,849	(4,061)	286,788
Debt securities and other eligible bills⁵	164,283	(56)		1,198	(5)		296	(5)		165,777	(66)
Amortised cost	57,005	(22)	56,983	243	(2)	241	26	-	26	57,274	(24)	57,250
FVOCI²	107,278	(34)		955	(3)		270	(5)		108,503	(42)	-
Accrued income (amortised cost)⁴	2,631	-	2,631	-	-	-	-	-	-	2,631	-	2,631
Assets held for sale	1,053	(22)	1,031	8	-	8	8	(5)	3	1,069	(27)	1,042
Other assets⁴	36,769	-	36,769	-	-	-	7	(6)	1	36,776	(6)	36,770
Undrawn commitments³	195,032	(49)		4,208	(33)		5	(2)		199,245	(84)
Financial guarantees, trade credits and irrevocable letter of credits³	112,091	(26)		1,511	(16)		591	(98)		114,193	(140)
Total	907,049	(687)		17,428	(502)		7,734	(3,219)		932,211	(4,408)

	Corporate & Investment Banking	Private Banking¹	Wealth & Retail Banking³
Strong	1A to 5B	AAA/AA+ to BBB-	0 to 0.425	Class I and Class IV	Current loans (no past dues nor impaired)
Satisfactory	6A to 11C	BB+ to CCC+	0.426 to 15.75	Class II and Class III	Loans past due up to 29 days
Higher risk	Grade 12	CCC+ to C	15.751 to 99.999	Stressed Assets Group (SAG) Managed	Loans past due between 30 and 89 days

	30.06.26
Stage 1	45,261	137,737	129,862	16,354	283,953	200,776	117,802
- Strong	32,457	100,396	123,134	16,037	239,567	180,199	73,278
- Satisfactory	12,804	37,341	6,728	317	44,386	20,577	44,524
Stage 2	637	11,583	1,607	567	13,757	3,838	2,426
- Strong	59	1,956	1,145	-	3,101	735	131
- Satisfactory	576	8,469	126	567	9,162	2,913	2,220
- Higher risk	2	1,158	336	-	1,494	190	75
Of which (stage 2):
- Less than 30 days past due	40	52	126	-	178	-	-
- More than 30 days past due	-	5	336	-	341	-	-
Stage 3, credit-impaired financial assets	80	3,850	1,853	2	5,705	2	520
Gross balance¹	45,978	153,170	133,322	16,923	303,415	204,616	120,748
Stage 1	(9)	(181)	(322)	(12)	(515)	(87)	(40)
- Strong	(3)	(63)	(275)	(12)	(350)	(28)	(9)
- Satisfactory	(6)	(118)	(47)	-	(165)	(59)	(31)
Stage 2	-	(364)	(125)	-	(489)	(47)	(16)
- Strong	-	(9)	(86)	-	(95)	(13)	(1)
- Satisfactory	-	(185)	(12)	-	(197)	(25)	(11)
- Higher risk	-	(170)	(27)	-	(197)	(9)	(4)
Of which (stage 2):
- Less than 30 days past due	-	(3)	(12)	-	(15)	-	-
- More than 30 days past due	-	-	(27)	-	(27)	-	-
Stage 3, credit-impaired financial assets	(7)	(2,133)	(997)	(2)	(3,132)	(1)	(106)
Total credit impairment	(16)	(2,678)	(1,444)	(14)	(4,136)	(135)	(162)
Net carrying value	45,962	150,492	131,878	16,909	299,279
Stage 1	0.0 %	0.1 %	0.2 %	0.1 %	0.2 %	0.0 %	0.0 %
- Strong	0.0 %	0.1 %	0.2 %	0.1 %	0.1 %	0.0 %	0.0 %
- Satisfactory	0.0 %	0.3 %	0.7 %	-	0.4 %	0.3 %	0.1 %
Stage 2	-	3.1 %	7.8 %	-	3.6 %	1.2 %	0.7 %
- Strong	-	0.5 %	7.5 %	-	3.1 %	1.8 %	0.8 %
- Satisfactory	-	2.2 %	9.5 %	-	2.2 %	0.9 %	0.5 %
- Higher risk	-	14.7 %	8.0 %	-	13.2 %	4.7 %	5.3 %
Of which (stage 2):
- Less than 30 days past due	-	5.8 %	9.5 %	-	8.4 %	-	-
- More than 30 days past due	-	-	8.0 %	-	7.9 %	-	-
Stage 3, credit-impaired financial assets (S3)	8.8 %	55.4 %	53.8 %	100.0 %	54.9 %	50.0 %	20.4 %
- Stage 3 Collateral	-	289	688	-	977	-	83
- Stage 3 Cover ratio (after collateral)	8.8 %	62.9 %	90.9 %	100.0 %	72.0 %	50.0 %	36.3 %
Cover ratio	-	1.7 %	1.1 %	0.1 %	1.4 %	0.1 %	0.1 %
Fair value through profit or loss
Performing	40,890	65,982	2	36	66,020
- Strong	30,828	33,955	2	-	33,957
- Satisfactory	10,062	32,027	-	36	32,063
- Higher risk	-	-	-	-	-
Impaired (CG13-14)	179	11	-	-	11
Gross balance (FVTPL)²	41,069	65,993	2	36	66,031
Net carrying value (incl FVTPL)	87,031	216,485	131,880	16,945	365,310

	31.12.25¹
Stage 1	43,608	132,772	127,306	14,984	275,062	195,032	112,091
- Strong	31,257	94,399	121,979	14,228	230,606	176,123	67,184
- Satisfactory	12,351	38,373	5,327	756	44,456	18,909	44,907
Stage 2	217	7,859	1,964	-	9,823	4,208	1,511
- Strong	42	1,767	1,453	-	3,220	1,340	351
- Satisfactory	172	4,984	162	-	5,146	2,662	1,052
- Higher risk	3	1,108	349	-	1,457	206	108
Of which (stage 2):
- Less than 30 days past due	-	86	162	-	248	-	-
- More than 30 days past due	3	158	349	-	507	-	-
Stage 3, credit-impaired financial assets	90	4,201	1,761	2	5,964	5	591
Gross balance²	43,915	144,832	131,031	14,986	290,849	199,245	114,193
Stage 1	(6)	(128)	(388)	(12)	(528)	(49)	(26)
- Strong	(2)	(59)	(343)	(12)	(414)	(28)	(12)
- Satisfactory	(4)	(69)	(45)	-	(114)	(21)	(14)
Stage 2	(1)	(310)	(136)	-	(446)	(33)	(16)
- Strong	(1)	(4)	(92)	-	(96)	(4)	-
- Satisfactory	-	(217)	(15)	-	(232)	(20)	(9)
- Higher risk	-	(89)	(29)	-	(118)	(9)	(7)
Of which (stage 2):
- Less than 30 days past due	-	(9)	(15)	-	(24)	-	-
- More than 30 days past due	-	(1)	(29)	-	(30)	-	-
Stage 3, credit-impaired financial assets	(7)	(2,214)	(871)	(2)	(3,087)	(2)	(98)
Total credit impairment	(14)	(2,652)	(1,395)	(14)	(4,061)	(84)	(140)
Net carrying value	43,901	142,180	129,636	14,972	286,788
Stage 1	0.0 %	0.1 %	0.3 %	0.1 %	0.2 %	-	-
- Strong	0.0 %	0.1 %	0.3 %	0.1 %	0.2 %	0.0 %	0.0 %
- Satisfactory	0.0 %	0.2 %	0.8 %	-	0.3 %	0.1 %	0.0 %
Stage 2	0.5 %	3.9 %	6.9 %	-	4.5 %	0.8 %	1.1 %
- Strong	2.4 %	0.2 %	6.3 %	-	3.0 %	0.3 %	-
- Satisfactory	-	4.4 %	9.3 %	-	4.5 %	0.8 %	0.9 %
- Higher risk	-	8.0 %	8.3 %	-	8.1 %	4.4 %	6.5 %
Of which (stage 2):
- Less than 30 days past due	-	10.5 %	9.3 %	-	9.7 %	-	-
- More than 30 days past due	-	0.6 %	8.3 %	-	5.9 %	-	-
Stage 3, credit-impaired financial assets (S3)	7.8 %	52.7 %	49.5 %	100.0 %	51.8 %	40.0 %	16.6 %
- Stage 3 Collateral	-	314	678	-	992	-	56
- Stage 3 Cover ratio (after collateral)	7.8 %	60.2 %	88.0 %	100.0 %	68.4 %	40.0 %	26.1 %
Cover ratio	0.0 %	1.8 %	1.1 %	0.1 %	1.4 %	0.0 %	0.1 %
Fair value through profit or loss
Performing	36,580	62,780	3	-	62,783	-	-
- Strong	28,277	39,351	3	-	39,354	-	-
- Satisfactory	8,303	23,429	-	-	23,429	-	-
- Higher risk	-	-	-	-	-	-	-
Impaired (CG13-14)	92	14	-	-	14	-	-
Gross balance (FVTPL)³	36,672	62,794	3	-	62,797	-	-
Net carrying value (incl FVTPL)	80,573	204,974	129,639	14,972	349,585	-	-

			30.06.26
Strong			116,433	1,956	-	118,389	(75)	(9)	-	(84)
1A-2B	0-0.045	A+ and above	28,520	500	-	29,020	(20)	(1)	-	(21)
3A-4A	0.046-0.110	A/A- to BBB+/BBB	31,824	233	-	32,057	(4)	-	-	(4)
4B-5B	0.111-0.425	BBB to BBB-/BB+	56,089	1,223	-	57,312	(51)	(8)	-	(59)
Satisfactory			37,658	9,036	-	46,694	(118)	(185)	-	(303)
6A-7B	0.426-1.350	BB+/BB to BB-	25,163	1,500	-	26,663	(21)	(36)	-	(57)
8A-9B	1.351-4.000	BB-/B+ to B	10,290	1,612	-	11,902	(38)	(72)	-	(110)
10A-11C	4.001-15.75	B/B- to B-/CCC+	2,205	5,924	-	8,129	(59)	(77)	-	(136)
Higher risk			-	1,158	-	1,158	-	(170)	-	(170)
12	15.751-99.999	CCC/C	-	1,158	-	1,158	-	(170)	-	(170)
Credit-impaired			-	-	3,852	3,852	-	-	(2,135)	(2,135)
13-14	100	Impaired	-	-	3,852	3,852	-	-	(2,135)	(2,135)
Total			154,091	12,150	3,852	170,093	(193)	(364)	(2,135)	(2,692)

			31.12.25
Strong			108,627	1,767	-	110,394	(71)	(4)	-	(75)
1A-2B	0-0.045	A+ and above	27,495	71	-	27,566	(14)	-	-	(14)
3A-4A	0.046-0.110	A/A- to BBB+/BBB	32,856	428	-	33,284	(3)	-	-	(3)
4B-5B	0.111-0.425	BBB to BBB-/BB+	48,276	1,268	-	49,544	(54)	(4)	-	(58)
Satisfactory			39,129	4,984	-	44,113	(69)	(217)	-	(286)
6A-7B	0.426-1.350	BB+/BB to BB-	24,871	1,564	-	26,435	(16)	(26)	-	(42)
8A-9B	1.351-4.000	BB-/B+ to B	9,738	1,758	-	11,496	(36)	(125)	-	(161)
10A-11C	4.001-15.75	B/B- to B-/CCC+	4,520	1,662	-	6,182	(17)	(66)	-	(83)
Higher risk			-	1,108	-	1,108	-	(89)	-	(89)
12	15.751-99.999	CCC/C	-	1,108	-	1,108	-	(89)	-	(89)
Credit-impaired			-	-	4,203	4,203	-	-	(2,216)	(2,216)
13-14	100	Impaired	-	-	4,203	4,203	-	-	(2,216)	(2,216)
Total			147,756	7,859	4,203	159,818	(140)	(310)	(2,216)	(2,666)

Credit grade	Regulatory 1 year PD range (%)	S&P external ratings equivalent	30.06.26
Strong			170,993	731	-	171,724	(26)	(11)	-	(37)
1A-2B	0-0.045	A+ and above	31,455	42	-	31,497	(1)	-	-	(1)
3A-4A	0.046-0.110	A/A- to BBB+/BBB	60,982	66	-	61,048	(7)	(1)	-	(8)
4B-5B	0.111-0.425	BBB to BBB-/BB+	78,556	623	-	79,179	(18)	(10)	-	(28)
Satisfactory			60,590	5,103	-	65,693	(87)	(35)	-	(122)
6A-7B	0.426-1.350	BB+/BB to BB-	49,314	1,217	-	50,531	(19)	(4)	-	(23)
8A-9B	1.351-4.000	BB-/B+ to B	9,767	771	-	10,538	(16)	(17)	-	(33)
10A-11C	4.001-15.75	B/B- to B-/CCC+	1,509	3,115	-	4,624	(52)	(14)	-	(66)
Higher risk			-	241	-	241	-	(11)	-	(11)
12	15.751-99.999	CCC+/C	-	241	-	241	-	(11)	-	(11)
Credit-impaired			-	-	519	519	-	-	(107)	(107)
13-14	100	Impaired	-	-	519	519	-	-	(107)	(107)
Total			231,583	6,075	519	238,177	(113)	(57)	(107)	(277)

			31.12.25
Strong			165,772	1,499	-	167,271	(26)	(1)	-	(27)
1A-2B	0-0.045	A+ and above	30,194	344	-	30,538	(2)	-	-	(2)
3A-4A	0.046-0.110	A/A- to BBB+/BBB	60,619	453	-	61,072	(5)	-	-	(5)
4B-5B	0.111-0.425	BBB to BBB-/BB+	74,959	702	-	75,661	(19)	(1)	-	(20)
Satisfactory			62,472	3,652	-	66,124	(32)	(28)	-	(60)
6A-7B	0.426-1.350	BB+/BB to BB-	46,842	1,299	-	48,141	(16)	(3)	-	(19)
8A-9B	1.351-4.000	BB-/B+ to B	11,762	1,388	-	13,150	(11)	(16)	-	(27)
10A-11C	4.001-15.75	B/B- to B-/CCC+	3,868	965	-	4,833	(5)	(9)	-	(14)
Higher risk			-	292	-	292	-	(16)	-	(16)
12	15.751-99.999	CCC+/C	-	292	-	292	-	(16)	-	(16)
Credit impaired			-	-	583	583	-	-	(100)	(100)
13-14	100	Impaired	-	-	583	583	-	-	(100)	(100)
Total			228,244	5,443	583	234,270	(58)	(45)	(100)	(203)

	Corporate & Investment Banking and Central & other items
Hong Kong	34,768	12,636	47,404	451	756	492	1,699	995	(18)	(11)	(29)	(4)	(28)	(158)	(190)	(398)	(1.2)
Corporate Lending	16,035	5,397	21,432	411	714	445	1,570	481	(17)	(6)	(23)	(4)	(28)	(155)	(187)	(363)	(2.4)
Non Corporate Lending¹	7,323	2,380	9,703	-	42	47	89	472	(1)	(4)	(5)	-	-	(3)	(3)	(34)	(0.4)
Banks	11,410	4,859	16,269	40	-	-	40	42	-	(1)	(1)	-	-	-	-	(1)	0.0
Singapore	24,106	9,647	33,753	926	540	25	1,491	293	(3)	(26)	(29)	(1)	(3)	-	(4)	(178)	(0.6)
Corporate Lending	10,171	4,653	14,824	921	459	25	1,405	235	-	(24)	(24)	(1)	(3)	-	(4)	(170)	(1.2)
Non Corporate Lending¹	10,905	1,061	11,966	-	72	-	72	24	(3)	(1)	(4)	-	-	-	-	(5)	(0.1)
Banks	3,030	3,933	6,963	5	9	-	14	34	-	(1)	(1)	-	-	-	-	(3)	(0.1)
China	13,574	2,454	16,028	-	152	10	162	22	(2)	(2)	(4)	-	-	-	-	(5)	(0.1)
Corporate Lending	4,606	1,570	6,176	-	80	10	90	20	(1)	(2)	(3)	-	-	-	-	(3)	(0.1)
Non Corporate Lending¹	4,404	261	4,665	-	70	-	70	-	(1)	-	(1)	-	-	-	-	-	0.0
Banks	4,564	623	5,187	-	2	-	2	2	-	-	-	-	-	-	-	(2)	0.0
UK	16,622	7,202	23,824	15	939	499	1,453	852	(4)	(10)	(14)	-	(21)	4	(17)	(385)	(1.6)
Corporate Lending	7,307	3,566	10,873	8	830	499	1,337	538	(3)	(8)	(11)	-	(20)	4	(16)	(356)	(3.0)
Non Corporate Lending¹	7,882	1,577	9,459	7	109	-	116	313	(1)	(1)	(2)	-	(1)	-	(1)	(28)	(0.3)
Banks	1,433	2,059	3,492	-	-	-	-	1	-	(1)	(1)	-	-	-	-	(1)	(0.1)
US	23,710	4,378	28,088	-	479	-	479	233	(5)	(7)	(12)	-	(18)	-	(18)	(56)	(0.3)
Corporate Lending	9,353	3,396	12,749	-	428	-	428	233	(2)	(6)	(8)	-	(18)	-	(18)	(56)	(0.6)
Non Corporate Lending¹	13,737	520	14,257	-	44	-	44	-	(3)	(1)	(4)	-	-	-	-	-	0.0
Banks	620	462	1,082	-	7	-	7	-	-	-	-	-	-	-	-	-	0.0
Others	36,110	14,145	50,255	623	6,746	134	7,503	1,537	(46)	(68)	(114)	(4)	(115)	(16)	(135)	(1,120)	(2.3)
Corporate Lending	18,118	10,518	28,636	621	6,146	132	6,899	1,380	(26)	(57)	(83)	(4)	(90)	(16)	(110)	(980)	(3.2)
Non Corporate Lending¹	6,591	2,758	9,349	-	31	-	31	157	(17)	(8)	(25)	-	(25)	-	(25)	(140)	(2.0)
Banks	11,401	869	12,270	2	569	2	573	-	(3)	(3)	(6)	-	-	-	-	-	0.0
Total	148,890	50,462	199,352	2,015	9,612	1,160	12,787	3,932	(78)	(124)	(202)	(9)	(185)	(170)	(364)	(2,142)	(1.3)

	Corporate & Investment Banking and Central & other items
Hong Kong	29,977	11,244	41,221	235	1,140	433	1,808	1,181	(19)	(25)	(44)	-	(78)	(78)	(156)	(424)	(1.4)
Corporate Lending	15,933	4,481	20,414	215	1,127	382	1,724	546	(16)	(20)	(36)	-	(75)	(78)	(153)	(384)	(2.5)
Non Corporate Lending¹	5,337	2,255	7,592	20	13	51	84	588	(1)	(4)	(5)	-	(3)	-	(3)	(39)	(0.6)
Banks	8,707	4,508	13,215	-	-	-	-	47	(2)	(1)	(3)	-	-	-	-	(1)	0.0
Singapore	25,585	9,638	35,223	636	962	25	1,623	240	(4)	(11)	(15)	(2)	(16)	-	(18)	(170)	(0.5)
Corporate Lending	9,996	4,552	14,548	617	849	25	1,491	162	(3)	(9)	(12)	(2)	(16)	-	(18)	(159)	(1.2)
Non Corporate Lending¹	11,217	1,198	12,415	-	71	-	71	39	(1)	(1)	(2)	-	-	-	-	(8)	(0.1)
Banks	4,372	3,888	8,260	19	42	-	61	39	-	(1)	(1)	-	-	-	-	(3)	0.0
China	12,149	1,718	13,867	-	123	12	135	89	(2)	(1)	(3)	-	-	-	-	(16)	(0.1)
Corporate Lending	4,410	1,196	5,606	-	122	12	134	87	(1)	(1)	(2)	-	-	-	-	(14)	(0.3)
Non Corporate Lending¹	4,321	210	4,531	-	-	-	-	-	(1)	-	(1)	-	-	-	-	-	0.0
Banks	3,418	312	3,730	-	1	-	1	2	-	-	-	-	-	-	-	(2)	(0.1)
UK	16,597	7,627	24,224	52	1,300	462	1,814	868	-	-	-	-	(30)	-	(30)	(371)	(1.5)
Corporate Lending	7,136	3,350	10,486	52	1,129	462	1,643	538	-	-	-	-	(28)	-	(28)	(346)	(3.0)
Non Corporate Lending¹	7,028	2,188	9,216	-	87	-	87	329	-	-	-	-	(2)	-	(2)	(24)	(0.3)
Banks	2,433	2,089	4,522	-	84	-	84	1	-	-	-	-	-	-	-	(1)	0.0
US	20,847	3,737	24,584	431	417	-	848	298	(2)	(3)	(5)	-	(21)	-	(21)	(53)	(0.3)
Corporate Lending	6,629	3,075	9,704	163	367	-	530	298	(1)	(3)	(4)	-	(20)	-	(20)	(53)	(0.7)
Non Corporate Lending¹	13,681	171	13,852	258	44	-	302	-	(1)	-	(1)	-	(1)	-	(1)	-	0.0
Banks	537	491	1,028	10	6	-	16	-	-	-	-	-	-	-	-	-	0.0
Others	34,729	17,516	52,245	455	1,214	179	1,848	1,617	(46)	(33)	(79)	(3)	(72)	(11)	(86)	(1,189)	(2.4)
Corporate Lending	18,355	13,663	32,018	428	1,108	176	1,712	1,341	(30)	(25)	(55)	(2)	(65)	(11)	(78)	(997)	(3.2)
Non Corporate Lending¹	4,586	2,788	7,374	14	67	-	81	275	(15)	(7)	(22)	-	(7)	-	(7)	(192)	(2.9)
Banks	11,788	1,065	12,853	13	39	3	55	1	(1)	(1)	(2)	(1)	-	-	(1)	-	0.0
Total	139,884	51,480	191,364	1,809	5,156	1,111	8,076	4,293	(73)	(73)	(146)	(5)	(217)	(89)	(311)	(2,223)	(1.3)

	Wealth & Retail Banking
Hong Kong	45,257	413	45,670	321	25	49	395	289	(48)	(25)	(73)	(34)	(3)	(8)	(45)	(136)	(0.5)
Mortgages	32,163	256	32,419	73	13	27	113	64	(1)	-	(1)	-	-	-	-	(2)	0.0
Credit cards	4,045	26	4,071	109	10	6	125	12	(32)	(8)	(40)	(27)	(3)	(6)	(36)	(12)	(2.1)
Others¹	9,049	131	9,180	139	2	16	157	213	(15)	(17)	(32)	(7)	-	(2)	(9)	(122)	(1.7)
Singapore	35,476	1,098	36,574	233	39	34	306	357	(62)	(5)	(67)	(15)	(4)	(8)	(27)	(302)	(1.1)
Mortgages	16,495	12	16,507	167	31	10	208	12	-	-	-	-	-	-	-	(13)	(0.1)
Credit cards	2,519	29	2,548	45	8	21	74	25	(45)	(6)	(51)	(11)	(2)	(6)	(19)	(19)	(3.4)
Others¹	16,462	1,057	17,519	21	-	3	24	320	(17)	1	(16)	(4)	(2)	(2)	(8)	(270)	(1.6)
Korea	18,109	218	18,327	302	7	21	330	177	(22)	(2)	(24)	(12)	(2)	-	(14)	(83)	(0.6)
Mortgages	14,227	175	14,402	266	6	17	289	85	(4)	-	(4)	(2)	-	-	(2)	(4)	(0.1)
Credit cards	9	-	9	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0
Others¹	3,873	43	3,916	36	1	4	41	92	(18)	(2)	(20)	(10)	(2)	-	(12)	(79)	(2.7)
Rest of World	24,292	4,999	29,291	289	55	232	576	1,030	(143)	(15)	(158)	(25)	(3)	(11)	(39)	(476)	(2.2)
Mortgages	15,609	2,393	18,002	155	35	153	343	510	(5)	(6)	(11)	(2)	(1)	(1)	(4)	(181)	(1.0)
Credit cards	614	8	622	5	1	5	11	24	(16)	(1)	(17)	(2)	-	(1)	(3)	(18)	(5.8)
Others¹	8,069	2,598	10,667	129	19	74	222	496	(122)	(8)	(130)	(21)	(2)	(9)	(32)	(277)	(3.9)
Total	123,134	6,728	129,862	1,145	126	336	1,607	1,853	(275)	(47)	(322)	(86)	(12)	(27)	(125)	(997)	(1.1)

	Wealth & Retail Banking
Hong Kong	43,564	220	43,784	265	64	39	368	230	(74)	(10)	(84)	(32)	(5)	(9)	(46)	(77)	(0.5)
Mortgages	31,375	150	31,525	70	46	12	128	67	(1)	-	(1)	-	-	-	-	(3)	0.0
Credit cards	4,332	33	4,365	112	18	23	153	19	(49)	(5)	(54)	(30)	(5)	(9)	(44)	(16)	(2.5)
Others¹	7,857	37	7,894	83	-	4	87	144	(24)	(5)	(29)	(2)	-	-	(2)	(58)	(1.1)
Singapore	33,327	52	33,379	448	25	32	505	347	(63)	(17)	(80)	(7)	(2)	(7)	(16)	(279)	(1.1)
Mortgages	15,809	12	15,821	196	18	11	225	16	-	-	-	-	-	-	-	(7)	0.0
Credit cards	2,531	25	2,556	18	7	20	45	22	(47)	(17)	(64)	(5)	(2)	(7)	(14)	(17)	(3.6)
Others¹	14,987	15	15,002	234	-	1	235	309	(16)	-	(16)	(2)	-	-	(2)	(255)	(1.8)
Korea	19,829	190	20,019	269	7	20	296	190	(23)	(2)	(25)	(12)	(2)	(1)	(15)	(78)	(0.6)
Mortgages	15,321	150	15,471	232	6	15	253	88	(1)	-	(1)	(1)	-	-	(1)	(3)	0.0
Credit cards	16	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0
Others¹	4,492	40	4,532	37	1	5	43	102	(22)	(2)	(24)	(11)	(2)	(1)	(14)	(75)	(2.4)
Rest of World	25,259	4,865	30,124	471	66	258	795	994	(183)	(16)	(199)	(41)	(6)	(12)	(59)	(437)	(2.2)
Mortgages	15,532	2,321	17,853	196	41	149	386	471	(4)	(5)	(9)	(2)	-	(1)	(3)	(148)	(0.9)
Credit cards	1,124	15	1,139	95	4	9	108	28	(21)	(3)	(24)	(20)	(1)	(2)	(23)	(21)	(5.3)
Others¹	8,603	2,529	11,132	180	21	100	301	495	(158)	(8)	(166)	(19)	(5)	(9)	(33)	(268)	(3.9)
Total	121,979	5,327	127,306	1,453	162	349	1,964	1,761	(343)	(45)	(388)	(92)	(15)	(29)	(136)	(871)	(1.1)

Amortised cost	Wealth & Retail Banking
Strong	69,924	76	-	70,000	(9)	(2)	-	(11)
Satisfactory	514	9	-	523	(2)	-	-	(2)
Higher risk	-	24	-	24	-	(1)	-	(1)
Impaired	-	-	2	2	-	-	-	-
Total	70,438	109	2	70,549	(11)	(3)	-	(14)

Amortised cost	31.12.25
Strong	70,447	82	-	70,529	(13)	(4)	-	(17)
Satisfactory	467	10	-	477	(2)	(1)	-	(3)
Higher risk	-	22	-	22	-	(1)	-	(1)
Impaired	-	-	4	4	-	-	-	-
Total	70,914	114	4	71,032	(15)	(6)	-	(21)

	Stage 1	Stage 2	Stage 3⁵	Total
As at 1 January 2025	720,679	(582)	720,097	18,607	(537)	18,070	6,999	(4,085)	2,914	746,285	(5,204)	741,081
Transfers to stage 1	17,431	(630)	16,801	(17,429)	630	(16,799)	(2)	-	(2)	-	-	-
Transfers to stage 2	(39,710)	125	(39,585)	40,040	(144)	39,896	(330)	19	(311)	-	-	-
Transfers to stage 3	(170)	1	(169)	(3,038)	255	(2,783)	3,208	(256)	2,952	-	-	-
Net change in exposures	74,970	(221)	74,749	(19,400)	5	(19,395)	(1,558)	502	(1,056)	54,012	286	54,298
Net remeasurement from stage changes	-	73	73	-	(176)	(176)	-	(187)	(187)	-	(290)	(290)
Changes in risk parameters	-	168	168	-	(135)	(135)	-	(1,035)	(1,035)	-	(1,002)	(1,002)
Write-offs	-	-	-	-	-	-	(1,718)	1,718	-	(1,718)	1,718	-
Interest due but unpaid	-	-	-	-	-	-	(159)	159	-	(159)	159	-
Discount unwind	-	-	-	-	-	-	-	102	102	-	102	102
Exchange translation differences and other movements¹	16,876	401	17,277	(1,823)	(399)	(2,222)	506	(136)	370	15,559	(134)	15,425
As at 31 December 2025²	790,076	(665)	789,411	16,957	(501)	16,456	6,946	(3,199)	3,747	813,979	(4,365)	809,614
Income statement ECL (charge)/release⁶		20			(306)			(720)			(1,006)
Recoveries of amounts previously written off		-			-			341			341
Total credit impairment (charge)/release⁴	-	20	-	-	(306)	-	-	(379)	-	-	(665)	-
As at 1 January 2026	790,076	(665)	789,411	16,957	(501)	16,456	6,946	(3,199)	3,747	813,979	(4,365)	809,614
Transfers to stage 1	10,318	(357)	9,961	(10,317)	357	(9,960)	(1)	-	(1)	-	-	-
Transfers to stage 2	(26,656)	61	(26,595)	26,705	(72)	26,633	(49)	11	(38)	-	-	-
Transfers to stage 3	(84)	1	(83)	(1,189)	94	(1,095)	1,273	(95)	1,178	-	-	-
Net change in exposures	33,439	(77)	33,362	(8,096)	28	(8,068)	(987)	114	(873)	24,356	65	24,421
Net remeasurement from stage changes	-	27	27	-	(89)	(89)	-	(72)	(72)	-	(134)	(134)
Changes in risk parameters	-	22	22	-	(153)	(153)	-	(434)	(434)	-	(565)	(565)
Write-offs	-	-	-	-	-	-	(389)	389	-	(389)	389	-
Interest due but unpaid	-	-	-	-	-	-	(26)	26	-	(26)	26	-
Discount unwind	-	-	-	-	-	-	-	60	60	-	60	60
Exchange translation differences and other movements¹	(7,317)	274	(7,043)	(364)	(220)	(584)	(162)	(50)	(212)	(7,843)	4	(7,839)
As at 30 June 2026²	799,776	(714)	799,062	23,696	(556)	23,140	6,605	(3,250)	3,355	830,077	(4,520)	825,557
Income statement ECL (charge)/release⁶		(28)			(214)			(392)			(634)
Recoveries of amounts previously written off		-			-			180			180
Total credit impairment (charge)/release⁴	-	(28)	-	-	(214)	-	-	(212)	-	-	(454)	-

Amortised cost and FVOCI	Stage 1	Stage 2	Stage 3	Total
As at 1 January 2025	367,106	(133)	366,973	14,869	(362)	14,507	5,170	(3,312)	1,858	387,145	(3,807)	383,338
Transfers to stage 1	11,606	(387)	11,219	(11,606)	387	(11,219)	-	-	-	-	-	-
Transfers to stage 2	(30,544)	29	(30,515)	30,795	(48)	30,747	(251)	19	(232)	-	-	-
Transfers to stage 3	(111)	-	(111)	(1,567)	56	(1,511)	1,678	(56)	1,622	-	-	-
Net change in exposures	58,190	(119)	58,071	(17,214)	32	(17,182)	(883)	505	(378)	40,093	418	40,511
Net remeasurement from stage changes	-	4	4	(1)	(16)	(17)	-	(145)	(145)	(1)	(157)	(158)
Changes in risk parameters	-	55	55	-	(79)	(79)	-	(299)	(299)	-	(323)	(323)
Write-offs	-	-	-	-	-	-	(1,075)	1,075	-	(1,075)	1,075	-
Interest due but unpaid	-	-	-	-	-	-	(187)	187	-	(187)	187	-
Discount unwind	-	-	-	-	-	-	-	69	69	-	69	69
Exchange translation differences and other movements	6,343	357	6,700	(1,597)	(324)	(1,921)	431	(365)	66	5,177	(332)	4,845
As at 31 December 2025	412,590	(194)	412,396	13,679	(354)	13,325	4,883	(2,322)	2,561	431,152	(2,870)	428,282
Income statement ECL (charge)/release		(60)			(63)			61			(62)
Recoveries of amounts previously written off		-			-			54			54
Total credit impairment (charge)/release	-	(60)	-	-	(63)	-	-	115	-	-	(8)	-
As at 1 January 2026	412,590	(194)	412,396	13,679	(354)	13,325	4,883	(2,322)	2,561	431,152	(2,870)	428,282
Transfers to stage 1	7,466	(231)	7,235	(7,466)	231	(7,235)	-	-	-	-	-	-
Transfers to stage 2	(19,415)	10	(19,405)	19,463	(15)	19,448	(48)	5	(43)	-	-	-
Transfers to stage 3	(54)	-	(54)	(174)	9	(165)	228	(9)	219	-	-	-
Net change in exposures	33,732	(41)	33,691	(6,938)	30	(6,908)	(380)	114	(266)	26,414	103	26,517
Net remeasurement from stage changes	-	4	4	-	(33)	(33)	-	(51)	(51)	-	(80)	(80)
Changes in risk parameters	-	(32)	(32)	-	(119)	(119)	-	(49)	(49)	-	(200)	(200)
Write-offs	-	-	-	-	-	-	(61)	61	-	(61)	61	-
Interest due but unpaid	-	-	-	-	-	-	(36)	36	-	(36)	36	-
Discount unwind	-	-	-	-	-	-	-	44	44	-	44	44
Exchange translation differences and other movements	(3,170)	185	(2,985)	(188)	(168)	(356)	(137)	(79)	(216)	(3,495)	(62)	(3,557)
As at 30 June 2026	431,149	(299)	430,850	18,376	(419)	17,957	4,449	(2,250)	2,199	453,974	(2,968)	451,006
Income statement ECL (charge)/release	-	(69)			(122)			14			(177)
Recoveries of amounts previously written off	-	-			-			27			27
Total credit impairment (charge)/release	-	(69)	-	-	(122)	-	-	41	-	-	(150)	-

Amortised cost and FVOCI	Stage 1	Stage 2	Stage 3	Total
As at 1 January 2025	189,855	(421)	189,434	2,084	(178)	1,906	1,635	(769)	866	193,574	(1,368)	192,206
Transfers to stage 1	5,279	(243)	5,036	(5,277)	243	(5,034)	(2)	-	(2)	-	-	-
Transfers to stage 2	(8,877)	95	(8,782)	8,956	(95)	8,861	(79)	-	(79)	-	-	-
Transfers to stage 3	(59)	1	(58)	(1,471)	200	(1,271)	1,530	(201)	1,329	-	-	-
Net change in exposures	7,706	(70)	7,636	(2,276)	(9)	(2,285)	(747)	-	(747)	4,683	(79)	4,604
Net remeasurement from stage changes	-	50	50	-	(161)	(161)	-	(42)	(42)	-	(153)	(153)
Changes in risk parameters	-	75	75	-	(37)	(37)	-	(742)	(742)	-	(704)	(704)
Write-offs	-	-	-	-	-	-	(666)	666	-	(666)	666	-
Interest due but unpaid	-	-	-	-	-	-	28	(28)	-	28	(28)	-
Discount unwind	-	-	-	-	-	-	-	32	32	-	32	32
Exchange translation differences and other movements	4,316	112	4,428	63	(105)	(42)	66	214	280	4,445	221	4,666
As at 31 December 2025²	198,220	(401)	197,819	2,079	(142)	1,937	1,765	(870)	895	202,064	(1,413)	200,651
Income statement ECL (charge)/release		55			(207)			(784)			(936)
Recoveries of amounts previously written off		-			-			287			287
Total credit impairment (charge)/release	-	55	-	-	(207)	-	-	(497)	-	-	(649)	-
As at 1 January 2026	198,220	(401)	197,819	2,079	(142)	1,937	1,765	(870)	895	202,064	(1,413)	200,651
Transfers to stage 1	2,637	(124)	2,513	(2,636)	124	(2,512)	(1)	-	(1)	-	-	-
Transfers to stage 2	(4,470)	47	(4,423)	4,471	(53)	4,418	(1)	6	5	-	-	-
Transfers to stage 3	(30)	-	(30)	(1,015)	86	(929)	1,045	(86)	959	-	-	-
Net change in exposures	6,942	(1)	6,941	(1,108)	(3)	(1,111)	(610)	-	(610)	5,224	(4)	5,220
Net remeasurement from stage changes	-	22	22	-	(52)	(52)	-	(21)	(21)	-	(51)	(51)
Changes in risk parameters	-	21	21	-	(29)	(29)	-	(385)	(385)	-	(393)	(393)
Write-offs	-	-	-	-	-	-	(328)	328	-	(328)	328	-
Interest due but unpaid	-	-	-	-	-	-	10	(10)	-	10	(10)	-
Discount unwind	-	-	-	-	-	-	-	16	16	-	16	16
Exchange translation differences and other movements	(2,999)	103	(2,896)	(75)	(59)	(134)	(25)	25	-	(3,099)	69	(3,030)
As at 30 June 2026	200,300	(333)	199,967	1,716	(128)	1,588	1,855	(997)	858	203,871	(1,458)	202,413
Income statement ECL (charge)/release		42			(84)			(406)			(448)
Recoveries of amounts previously written off		-			-			152			152
Total credit impairment (charge)/release	-	42	-	-	(84)	-	-	(254)	-	-	(296)	-

Amortised cost and FVOCI	Stage 1	Stage 2	Stage 3	Total
As at 1 January 2025	126,716	(48)	126,668	1,505	(31)	1,474	1,204	(556)	648	129,425	(635)	128,790
Transfers to stage 1	4,097	(17)	4,080	(4,095)	17	(4,078)	(2)	-	(2)	-	-	-
Transfers to stage 2	(6,064)	7	(6,057)	6,121	(7)	6,114	(57)	-	(57)	-	-	-
Transfers to stage 3	(3)	-	(3)	(634)	14	(620)	637	(14)	623	-	-	-
Net change in exposures	8,276	(11)	8,265	(1,687)	9	(1,678)	(447)	-	(447)	6,142	(2)	6,140
Net remeasurement from stage changes	-	4	4	-	(32)	(32)	-	(7)	(7)	-	(35)	(35)
Changes in risk parameters	-	(18)	(18)	-	41	41	-	(174)	(174)	-	(151)	(151)
Write-offs	-	-	-	-	-	-	(101)	101	-	(101)	101	-
Interest due but unpaid	-	-	-	-	-	-	53	(53)	-	53	(53)	-
Discount unwind	-	-	-	-	-	-	-	19	19	-	19	19
Exchange translation differences and other movements	3,767	18	3,785	63	(28)	35	10	64	74	3,840	54	3,894
As at 31 December 2025	136,789	(65)	136,724	1,273	(17)	1,256	1,297	(620)	677	139,359	(702)	138,657
Income statement ECL (charge)/release		(25)			18			(181)			(188)
Recoveries of amounts previously written off		-			-			93			93
Total credit impairment (charge)/release	-	(25)	-	-	18	-	-	(88)	-	-	(95)	-
As at 1 January 2026	136,789	(65)	136,724	1,273	(17)	1,256	1,297	(620)	677	139,359	(702)	138,657
Transfers to stage 1	1,960	(10)	1,950	(1,959)	10	(1,949)	(1)	-	(1)	-	-	-
Transfers to stage 2	(3,242)	7	(3,235)	3,238	(9)	3,229	4	2	6	-	-	-
Transfers to stage 3	(11)	-	(11)	(491)	4	(487)	502	(4)	498	-	-	-
Net change in exposures	13,339	(7)	13,332	(884)	(1)	(885)	(353)	-	(353)	12,102	(8)	12,094
Net remeasurement from stage changes	-	7	7	-	(7)	(7)	-	(5)	(5)	-	(5)	(5)
Changes in risk parameters	-	1	1	-	(20)	(20)	-	(122)	(122)	-	(141)	(141)
Write-offs	-	-	-	-	-	-	(57)	57	-	(57)	57	-
Interest due but unpaid	-	-	-	-	-	-	13	(13)	-	13	(13)	-
Discount unwind	-	-	-	-	-	-	-	7	7	-	7	7
Exchange translation differences and other movements	(2,293)	(1)	(2,294)	7	15	22	(24)	(39)	(63)	(2,310)	(25)	(2,335)
As at 30 June 2026	146,542	(68)	146,474	1,184	(25)	1,159	1,381	(737)	644	149,107	(830)	148,277
Income statement ECL (charge)/release		1			(28)			(127)			(154)
Recoveries of amounts previously written off		-			-			43			43
Total credit impairment (charge)/release	-	1	-	-	(28)	-	-	(84)	-	-	(111)	-

Amortised cost and FVOCI	Stage 1	Stage 2	Stage 3	Total
As at 1 January 2025	63,139	(373)	62,766	579	(147)	432	431	(213)	218	64,149	(733)	63,416
Transfers to stage 1	1,182	(226)	956	(1,182)	226	(956)	-	-	-	-	-	-
Transfers to stage 2	(2,813)	88	(2,725)	2,835	(88)	2,747	(22)	-	(22)	-	-	-
Transfers to stage 3	(56)	1	(55)	(837)	186	(651)	893	(187)	706	-	-	-
Net change in exposures	(570)	(59)	(629)	(589)	(18)	(607)	(300)	-	(300)	(1,459)	(77)	(1,536)
Net remeasurement from stage changes	-	46	46	-	(129)	(129)	-	(35)	(35)	-	(118)	(118)
Changes in risk parameters	-	93	93	-	(78)	(78)	-	(568)	(568)	-	(553)	(553)
Write-offs	-	-	-	-	-	-	(565)	565	-	(565)	565	-
Interest due but unpaid	-	-	-	-	-	-	(25)	25	-	(25)	25	-
Discount unwind	-	-	-	-	-	-	-	13	13	-	13	13
Exchange translation differences and other movements	549	94	643	-	(77)	(77)	56	150	206	605	167	772
As at 31 December 2025²	61,431	(336)	61,095	806	(125)	681	468	(250)	218	62,705	(711)	61,994
Income statement ECL (charge)/release		80			(225)			(603)			(748)
Recoveries of amounts previously written off		-			-			194			194
Total credit impairment (charge)/release	-	80	-	-	(225)	-	-	(409)	-	-	(554)	-
As at 1 January 2026	61,431	(336)	61,095	806	(125)	681	468	(250)	218	62,705	(711)	61,994
Transfers to stage 1	677	(114)	563	(677)	114	(563)	-	-	-	-	-	-
Transfers to stage 2	(1,228)	40	(1,188)	1,233	(44)	1,189	(5)	4	(1)	-	-	-
Transfers to stage 3	(19)	-	(19)	(524)	82	(442)	543	(82)	461	-	-	-
Net change in exposures	(6,397)	6	(6,391)	(224)	(2)	(226)	(257)	-	(257)	(6,878)	4	(6,874)
Net remeasurement from stage changes	-	15	15	-	(45)	(45)	-	(16)	(16)	-	(46)	(46)
Changes in risk parameters	-	20	20	-	(9)	(9)	-	(263)	(263)	-	(252)	(252)
Write-offs	-	-	-	-	-	-	(271)	271	-	(271)	271	-
Interest due but unpaid	-	-	-	-	-	-	(3)	3	-	(3)	3	-
Discount unwind	-	-	-	-	-	-	-	9	9	-	9	9
Exchange translation differences and other movements	(706)	104	(602)	(82)	(74)	(156)	(1)	64	63	(789)	94	(695)
As at 30 June 2026	53,758	(265)	53,493	532	(103)	429	474	(260)	214	54,764	(628)	54,136
Income statement ECL (charge)/release		41			(56)			(279)			(294)
Recoveries of amounts previously written off		-			-			109			109
Total credit impairment (charge)/release	-	41	-	-	(56)	-	-	(170)	-	-	(185)	-

	30.06.26
Quantitative	5,970	163	2.7	1,224	95	7.8	213	8	3.8	7,407	266	3.6
Qualitative	12,446	100	0.8	325	6	1.8	3,801	-	-	16,572	106	0.6
30 days past due	-	-	-	167	17	10.2	-	-	-	167	17	10.2
Management overlay	-	163	-	-	10	-	-	-	-	-	173	-
Total stage 2	18,416	426	2.3	1,716	128	7.5	4,014	8	0.2	24,146	562	2.3

	31.12.25²
Quantitative	6,742	131	1.9	1,351	107	7.9	297	3	1.0	8,390	241	2.9
Qualitative	6,937	101	1.5	571	10	1.8	1,373	3	0.2	8,881	114	1.3
30 days past due	-	-	-	157	19	12.1	-	-	-	157	19	12.1
Management overlay	-	122	-	-	6	-	-	-	-	-	128	-
Total stage 2	13,679	354	2.6	2,079	142	6.8	1,670	6	0.4	17,428	502	2.9

	30.06.26	30.06.25¹
Corporate & Investment Banking	191	(41)	150	87	(97)	(10)
Wealth & Retail Banking	42	254	296	97	256	353
Central & other items	1	(1)	-	(7)	-	(7)
Total credit impairment	234	212	446	177	159	336

Amortised cost	30.06.26	31.12.25
Gross stage 1 and 2 forborne loans	443	54	497	295	61	356
Modification of terms and conditions¹	239	54	293	90	61	151
Refinancing²	204	-	204	205	-	205
Impairment provisions	(97)	-	(97)	(68)	-	(68)
Modification of terms and conditions¹	(41)	-	(41)	(8)	-	(8)
Refinancing²	(56)	-	(56)	(60)	-	(60)
Net stage 1 and 2 forborne loans	346	54	400	227	61	288
Collateral	11	29	40	4	36	40
Gross stage 3 forborne loans	1,379	314	1,693	1,295	311	1,606
Modification of terms and conditions¹	1,293	314	1,607	1,208	311	1,519
Refinancing²	86	-	86	87	-	87
Impairment provisions	(778)	(132)	(910)	(754)	(118)	(872)
Modification of terms and conditions¹	(749)	(132)	(881)	(727)	(118)	(845)
Refinancing²	(29)	-	(29)	(27)	-	(27)
Net stage 3 forborne loans	601	182	783	541	193	734
Collateral	204	27	231	175	25	200
Net carrying value of forborne loans	947	236	1,183	768	254	1,022

	30.06.26	31.12.25
Performing forborne loans	165	10	33	3	48	-	141	400	147	10	-	3	48	-	80	288
Stage 3 forborne loans	221	58	27	32	96	-	349	783	131	24	73	32	103	-	371	734
Net forborne loans	386	68	60	35	144	-	490	1,183	278	34	73	35	151	-	451	1,022

	30.06.26
Corporate & Investment Banking¹	196,454	11,856	1,790	33,223	2,292	289	163,231	9,564	1,501
Wealth & Retail Banking	131,878	1,482	856	99,785	792	688	32,093	690	168
Central & other items	16,909	567	-	4,145	-	-	12,764	567	-
Total	345,241	13,905	2,646	137,153	3,084	977	208,088	10,821	1,669

	31.12.25³
Corporate & Investment Banking¹	186,081	7,765	2,070	34,122	2,292	314	151,959	5,473	1,756
Wealth & Retail Banking	129,636	1,828	890	99,641	916	678	29,995	912	212
Central & other items	14,972	-	-	4,214	-	-	10,758	-	-
Total	330,689	9,593	2,960	137,977	3,208	992	192,712	6,385	1,968

	30.06.26	31.12.25
Maximum exposure	196,454	186,081
Property	8,323	9,086
Plant, machinery and other stock	851	783
Cash	2,159	3,034
Reverse repos and securities	6,924	7,816
AAA	574	587
AA- to AA+	484	233
A- to A+	1,937	2,454
BBB- to BBB+	1,416	2,122
Lower than BBB-	-	-
Unrated	2,513	2,420
Financial guarantees and insurance	8,913	7,717
Commodities	25	11
Ships and aircraft	6,028	5,675
Total value of collateral^1,2	33,223	34,122
Net exposure	163,231	151,959

Amortised cost	30.06.26	31.12.25⁴
Maximum exposure	115,750	452	15,676	131,878	111,633	490	17,513	129,636
Loans to individuals
Mortgages	82,732	-	-	82,732	82,128	-	-	82,128
CCPL⁴	-	-	14,013	14,013	-	-	16,031	16,031
Secured wealth products	30,842	-	-	30,842	27,055	-	-	27,055
Other	2,176	452	1,663	4,291	2,450	490	1,482	4,422
Total collateral²				99,785				99,641
Net exposure³				32,093				29,995
Percentage of total loans	88 %	-	12 %		86 %	-	14 %

Amortised cost	30.06.26	31.12.25
Less than 50 per cent	51.4	50.5	64.8	45.5	53.6	42.7	51.8	62.9	46.7	51.0
50 per cent to 59 per cent	17.1	19.1	13.3	14.7	15.9	17.3	19.4	13.3	14.8	16.0
60 per cent to 69 per cent	10.4	16.7	13.1	17.0	13.7	14.5	15.8	13.7	17.2	15.1
70 per cent to 79 per cent	9.2	13.3	7.7	15.2	10.8	5.3	12.7	8.9	14.2	9.5
80 per cent to 89 per cent	7.6	0.1	0.9	6.2	4.1	8.6	0.2	0.9	5.9	4.3
90 per cent to 99 per cent	3.4	0.1	0.2	0.9	1.4	6.7	-	0.2	0.7	2.4
100 per cent and greater	0.8	0.2	0.1	0.5	0.4	4.9	0.1	0.1	0.5	1.7
Average portfolio loan-to-value	50.7	42.3	40.8	50.7	46.2	55.9	42.7	41.8	49.9	48.0
Loans to individuals - mortgages ($million)	32,593	16,714	14,766	18,659	82,732	31,714	16,054	15,808	18,552	82,128

Amortised cost	30.06.26
Industry:
Energy	13,742	(32)	13,710	1,386	(41)	1,345	437	(397)	40	15,565	(470)	15,095
Manufacturing	18,777	(28)	18,749	976	(43)	933	529	(299)	230	20,282	(370)	19,912
Financing, insurance and non-banking	37,524	(19)	37,505	816	(8)	808	256	(158)	98	38,596	(185)	38,411
Transport, telecom and utilities	19,795	(11)	19,784	2,699	(47)	2,652	315	(86)	229	22,809	(144)	22,665
Food and household products	9,156	(8)	9,148	325	(11)	314	332	(232)	100	9,813	(251)	9,562
Commercial real estate	12,994	(10)	12,984	2,928	(169)	2,759	591	(388)	203	16,513	(567)	15,946
Mining and quarrying	5,112	(6)	5,106	683	(8)	675	39	(38)	1	5,834	(52)	5,782
Consumer durables	6,114	(10)	6,104	509	(9)	500	285	(231)	54	6,908	(250)	6,658
Construction	2,342	(4)	2,338	500	(8)	492	110	(110)	-	2,952	(122)	2,830
Trading companies & distributors	829	-	829	27	-	27	66	(33)	33	922	(33)	889
Government	20,365	(23)	20,342	1,115	(20)	1,095	710	(49)	661	22,190	(92)	22,098
Other	7,340	(41)	7,299	187	-	187	182	(115)	67	7,709	(156)	7,553
Total²	154,090	(192)	153,898	12,151	(364)	11,787	3,852	(2,136)	1,716	170,093	(2,692)	167,401
Retail Products:
Mortgage	81,330	(15)	81,315	953	(7)	946	671	(200)	471	82,954	(222)	82,732
Credit Cards	7,251	(108)	7,143	210	(61)	149	61	(50)	11	7,522	(219)	7,303
Personal Loan and other unsecured lending	6,561	(141)	6,420	160	(39)	121	337	(168)	169	7,058	(348)	6,710
Secured wealth products	30,570	(46)	30,524	160	(8)	152	598	(432)	166	31,328	(486)	30,842
Other	4,151	(13)	4,138	123	(10)	113	186	(146)	40	4,460	(169)	4,291
Total	129,863	(323)	129,540	1,606	(125)	1,481	1,853	(996)	857	133,322	(1,444)	131,878
Net carrying value (customers)¹	283,953	(515)	283,438	13,757	(489)	13,268	5,705	(3,132)	2,573	303,415	(4,136)	299,279
Net carrying value (Banks)¹	45,261	(9)	45,252	637	-	637	80	(7)	73	45,978	(16)	45,962

Amortised cost	31.12.25
Industry:
Energy	13,541	(34)	13,507	803	(37)	766	461	(412)	49	14,805	(483)	14,322
Manufacturing	20,599	(14)	20,585	744	(19)	725	598	(320)	278	21,941	(353)	21,588
Financing, insurance and non-banking	37,062	(13)	37,049	506	(10)	496	278	(181)	97	37,846	(204)	37,642
Transport, telecom and utilities	17,893	(11)	17,882	2,281	(43)	2,238	390	(108)	282	20,564	(162)	20,402
Food and household products	8,319	(9)	8,310	295	(17)	278	186	(177)	9	8,800	(203)	8,597
Commercial real estate	13,103	(12)	13,091	2,067	(161)	1,906	706	(418)	288	15,876	(591)	15,285
Mining and quarrying	4,881	(5)	4,876	244	(7)	237	33	(29)	4	5,158	(41)	5,117
Consumer durables	6,279	(7)	6,272	288	(15)	273	239	(230)	9	6,806	(252)	6,554
Construction	2,046	(9)	2,037	353	(1)	352	127	(127)	-	2,526	(137)	2,389
Trading companies & distributors	633	(1)	632	11	-	11	81	(47)	34	725	(48)	677
Government	17,915	(17)	17,898	119	-	119	950	(82)	868	18,984	(99)	18,885
Other	5,485	(8)	5,477	148	-	148	154	(85)	69	5,787	(93)	5,694
Total²	147,756	(140)	147,616	7,859	(310)	7,549	4,203	(2,216)	1,987	159,818	(2,666)	157,152
Retail Products:
Mortgage	80,672	(11)	80,661	992	(5)	987	641	(161)	480	82,305	(177)	82,128
Credit Cards	8,077	(129)	7,948	289	(74)	215	64	(53)	11	8,430	(256)	8,174
Personal Loan and other unsecured lending	7,719	(186)	7,533	194	(44)	150	334	(160)	174	8,247	(390)	7,857
Secured wealth products	26,609	(43)	26,566	324	(6)	318	530	(359)	171	27,463	(408)	27,055
Other	4,229	(19)	4,210	165	(7)	158	192	(138)	54	4,586	(164)	4,422
Total	127,306	(388)	126,918	1,964	(136)	1,828	1,761	(871)	890	131,031	(1,395)	129,636
Net carrying value (customers)¹	275,062	(528)	274,534	9,823	(446)	9,377	5,964	(3,087)	2,877	290,849	(4,061)	286,788
Net carrying value (Banks)¹	43,608	(6)	43,602	217	(1)	216	90	(7)	83	43,915	(14)	43,901

Amortised cost	30.06.26	31.12.25
Energy	2,374	72	4,143	2,819	2,552	3,135	15,095	2,254	103	4,005	3,685	1,730	2,545	14,322
Manufacturing	4,047	3,178	1,732	987	2,706	7,262	19,912	4,653	3,311	2,775	848	2,553	7,448	21,588
Financing, insurance and non-banking	4,316	4,431	1,940	8,506	14,148	5,070	38,411	4,225	4,404	1,959	8,119	14,150	4,785	37,642
Transport, telecom and utilities	6,819	260	4,901	1,716	2,147	6,822	22,665	6,125	87	4,337	1,817	1,552	6,484	20,402
Food and household products	622	343	1,556	1,416	1,228	4,397	9,562	341	301	1,489	1,162	1,081	4,223	8,597
Commercial real estate	3,448	58	1,452	2,367	3,011	5,610	15,946	4,067	231	1,209	2,000	2,296	5,482	15,285
Mining and Quarrying	513	766	578	1,557	331	2,037	5,782	434	541	401	1,525	101	2,115	5,117
Consumer durables	2,929	564	443	192	264	2,266	6,658	2,416	503	359	308	414	2,554	6,554
Construction	186	148	372	297	185	1,642	2,830	179	119	354	198	247	1,292	2,389
Trading Companies & Distributors	50	154	103	199	38	345	889	47	143	126	31	36	294	677
Government	5,906	303	10,114	1,351	149	4,275	22,098	3,993	126	10,557	1,486	2	2,721	18,885
Other	1,922	737	985	815	866	2,228	7,553	1,594	472	956	720	445	1,507	5,694
Net Loans and advances to Customers	33,132	11,014	28,319	22,222	27,625	45,089	167,401	30,328	10,341	28,527	21,899	24,607	41,450	157,152
Net Loans and advances to Banks	16,349	5,189	7,007	3,491	1,089	12,837	45,962	13,258	3,731	8,356	4,606	1,044	12,906	43,901

Amortised cost	30.06.26	31.12.25
Energy	2	550	1,902	474	2,373	9,794	15,095	10	488	1,705	453	1,939	9,727	14,322
Manufacturing	1,665	4,656	1,069	698	1,883	9,941	19,912	1,624	4,806	1,607	850	2,456	10,245	21,588
Financing, insurance and non-banking	2,180	4,633	684	1,618	14,294	15,002	38,411	2,060	4,554	457	1,670	14,246	14,655	37,642
Transport, telecom and utilities	1,048	1,634	1,439	1,187	1,993	15,364	22,665	935	1,318	1,420	1,093	1,542	14,094	20,402
Food and household products	250	733	1,291	802	1,284	5,202	9,562	153	382	1,393	784	926	4,959	8,597
Commercial real estate	1,640	195	417	2,248	3,391	8,055	15,946	1,575	315	377	2,679	2,747	7,592	15,285
Mining and Quarrying	259	1,018	59	736	179	3,531	5,782	271	716	27	729	110	3,264	5,117
Consumer durables	769	1,186	107	193	499	3,904	6,658	667	778	95	88	617	4,309	6,554
Construction	120	165	22	109	207	2,207	2,830	121	134	5	18	270	1,841	2,389
Trading Companies & Distributors	32	131	108	160	76	382	889	23	122	113	31	42	346	677
Government	2,185	470	8,882	-	218	10,343	22,098	849	308	9,190	1	58	8,479	18,885
Other	403	1,007	461	1,243	1,351	3,088	7,553	617	662	632	884	638	2,261	5,694
Net Loans and advances to Customers	10,553	16,378	16,441	9,468	27,748	86,813	167,401	8,905	14,583	17,021	9,280	25,591	81,772	157,152
Net Loans and advances to Banks	1,921	7,098	862	954	313	34,814	45,962	563	5,095	1,471	1,404	228	35,140	43,901

Amortised cost	30.06.26	31.12.25
Mortgage	32,593	14,766	16,714	18,659	82,732	31,714	15,808	16,054	18,552	82,128
Credit Cards	4,117	9	2,558	619	7,303	4,424	17	2,529	1,204	8,174
Personal Loan and other unsecured lending	855	2,157	310	3,388	6,710	996	2,474	332	4,055	7,857
Secured wealth products	7,883	20	17,144	5,795	30,842	6,444	19	14,812	5,780	27,055
Other Retail	652	1,761	115	1,763	4,291	597	2,069	129	1,627	4,422
Net Loans and advances to Customers	46,100	18,713	36,841	30,224	131,878	44,175	20,387	33,856	31,218	129,636

	30.06.26
Industry:
Automotive manufacturers	4,198	281	3,917	5,023	844	5,867	9,784
Aviation	2,694	1,410	1,284	1,389	737	2,126	3,410
Steel	1,523	372	1,151	1,032	463	1,495	2,646
Coal mining	-	-	-	-	-	-	-
Aluminium	837	21	816	398	112	510	1,326
Cement	712	47	665	643	264	907	1,572
Shipping	7,147	4,475	2,672	3,152	192	3,344	6,016
Commercial Real Estate	11,109	4,705	6,404	3,790	178	3,968	10,372
Oil & Gas	9,325	1,197	8,128	12,841	8,005	20,846	28,974
Power	8,305	1,226	7,079	5,473	1,370	6,843	13,922
Total¹	45,850	13,734	32,116	33,741	12,165	45,906	78,022
Total Corporate & Investment Banking²	216,485	26,531	189,954	130,878	107,028	237,906	427,860
Total Group^3,4	452,341	137,153	315,188	204,481	120,586	325,067	640,255

	31.12.25
Industry:
Automotive manufacturers	4,409	412	3,997	4,712	730	5,442	9,439
Aviation	2,010	1,176	834	1,206	820	2,026	2,860
Steel	1,767	296	1,471	834	237	1,071	2,542
Coal mining	2	1	1	-	8	8	9
Aluminium	875	39	836	371	93	464	1,300
Cement	781	52	729	693	264	957	1,686
Shipping	6,861	4,300	2,561	2,183	180	2,363	4,924
Commercial Real Estate	9,397	4,406	4,991	3,050	188	3,238	8,229
Oil & Gas	9,462	992	8,470	12,257	8,314	20,571	29,041
Power	7,585	1,180	6,405	6,138	1,548	7,686	14,091
Total^1,5	43,149	12,854	30,295	31,444	12,382	43,826	74,121
Total Corporate & Investment Banking²	204,974	27,925	177,049	135,410	105,414	240,824	417,872
Total Group^3,4	430,158	137,977	292,181	208,841	114,053	322,894	615,074

Sector	30.06.26	31.12.25
Automotive Manufacturers	4,200	3,072	896	232	2	4,411	3,137	1,041	233	1
Aviation	2,694	490	582	1,622	-	2,013	329	201	1,483	3
Steel	1,549	750	60	739	26	1,790	863	167	760	23
Coal Mining	12	12	-	-	12	15	15	-	-	12
Aluminium	844	606	238	-	7	882	731	151	-	8
Cement	749	599	150	-	37	820	579	241	-	39
Shipping	7,172	868	2,803	3,501	25	6,884	737	2,413	3,734	23
Commercial Real Estate	11,278	6,414	4,485	379	169	9,552	5,264	4,081	207	155
Oil & Gas	9,406	2,428	2,535	4,443	81	9,525	3,483	1,739	4,303	64
Power	8,367	2,270	2,128	3,969	62	7,646	2,079	1,725	3,842	61
Total balance¹	46,271	17,509	13,877	14,885	421	43,538	17,217	11,759	14,562	389

	30.06.26
	$million	$million	$million	$million	$million	$million	$million
Commercial Real Estate	17,468	6,401	11,067	7,266	391	7,657	18,724

	30.06.26	31.12.25
Strong	9,106	9,070
Satisfactory	6,382	5,728
Higher risk	434	372
Credit impaired (stage 3)	591	706
Total Gross Balance	16,513	15,876
Strong	(5)	(4)
Satisfactory	(22)	(95)
Higher risk	(152)	(73)
Credit impaired (stage 3)	(388)	(418)
Total Credit Impairment	(567)	(590)
Total Net of Credit Impairment	15,946	15,286
Strong	0.1 %	- %
Satisfactory	0.3 %	1.6 %
Higher risk	35.0 %	19.6 %
Credit impaired (stage 3)	65.7 %	59.2 %
Cover Ratio	3.4 %	3.7 %

Amortised cost and FVOCI	30.06.26	31.12.25
Stage 1	151,984	(63)	151,921	164,283	(56)	164,227
- Strong	147,587	(49)	147,538	160,390	(49)	160,341
- Satisfactory	4,397	(14)	4,383	3,893	(7)	3,886
Stage 2	3,038	(4)	3,034	1,198	(5)	1,193
- Strong	2,736	-	2,736	68	-	68
- Satisfactory	302	(4)	298	1,130	(5)	1,125
- High Risk	-	-	-	-	-	-
Stage 3	298	(4)	294	296	(5)	291
Gross balance¹	155,320	(71)	155,249	165,777	(66)	165,711

	30.06.2026	31.12.25
Modelled ECL provisions (base forecast)	386	494	49	929	375	623	63	1,061
Impact of multiple economic scenarios¹	74	55	48	177	56	34	23	113
Modelled ECL provisions before management judgements	460	549	97	1,106	431	657	86	1,174
Includes: Model performance post model adjustments	-	(2)	-	(2)	-	10	-	10
Judgemental post model adjustments²	-	(5)	-	(5)	-	(12)	-	(12)
Judgemental management overlays³	278	70	15	363	167	24	11	202
Total modelled provisions	738	614	112	1,464	598	669	97	1,364
Of which:
Stage 1	299	333	97	729	194	400	92	686
Stage 2	419	128	15	562	354	144	5	503
Stage 3	20	153	-	173	50	125	-	175
Stage 3 non-modelled provisions	2,230	844	11	3,085	2,272	745	27	3,044
Total credit impairment provisions	2,968	1,458	123	4,549	2,870	1,414	124	4,408

	30.06.26	31.12.25
Model performance PMAs
Corporate & Investment Banking	-	-
Wealth & Retail Banking	(2)	10
Total model performance PMAs	(2)	10

	30.06.26
Base forecast¹
2026	4.6	3.4	1.5	(2.6)	4.3	3.6	2.8	4.8
2027	4.5	3.3	1.5	(1.2)	2.7	3.3	3.0	4.4
2028	4.5	3.3	1.5	(0.3)	2.5	3.2	3.0	4.0
2029	4.3	3.3	1.5	0.9	2.5	3.2	3.0	3.8
2030	4.0	3.3	1.5	2.0	2.1	3.2	3.0	3.6
5-year average²	4.3	3.3	1.5	0.3	2.6	3.2	3.0	4.0
Quarterly peak	4.7	3.4	1.5	2.7	4.4	3.5	3.0	5.4
Quarterly trough	3.8	3.3	1.5	(2.7)	1.9	3.2	3.0	3.2
Monte Carlo
Low³	(8.2)	2.9	(0.5)	(16.0)	(4.3)	1.6	(0.9)	(21.0)
High⁴	16.8	3.8	3.4	17.7	9.2	5.0	7.3	31.2

	30.06.26
Base forecast¹
2026	3.2	3.0	1.1	3.0	2.6	3.2	2.9	1.1
2027	2.9	2.9	1.7	2.6	2.0	3.1	3.3	1.2
2028	2.5	2.9	2.7	2.7	1.8	3.1	3.3	1.4
2029	2.2	2.9	2.8	2.7	1.8	3.0	3.3	1.5
2030	2.1	2.9	2.8	2.8	1.9	3.0	3.3	1.4
5-year average²	2.3	2.9	2.4	2.7	1.9	3.1	3.2	1.4
Quarterly peak	3.4	3.1	2.8	3.0	2.5	3.2	3.3	1.5
Quarterly trough	0.4	2.9	1.1	2.5	1.4	3.0	3.0	1.1
Monte Carlo
Low³	(4.7)	1.8	(0.7)	(18.0)	(3.0)	1.4	0.7	(6.6)
High⁴	8.9	4.3	6.6	21.1	6.4	5.5	5.9	8.7

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	31.12.25
Commercial Real Estate	16,230	6,848	9,382	7,662	244	7,906	17,288

Risk review	02
Capital review	55
Statement of directors' responsibilities	61
Independent review report to Standard Chartered PLC	62
Financial statements	63
Notes to the financial statements	69
Other supplementary information	115
Shareholder information	120
Important notices	122
Glossary	123

		30.06.26				31.12.25
	Credit risk management				Credit risk management
	Maximum exposure	Collateral⁸	Master netting agreements	Net Exposure	Maximum exposure	Collateral⁸	Master netting agreements	Net Exposure
	$million	$million	$million	$million	$million	$million	$million	$million
On-balance sheet
Cash and balances at central banks	84,541	-	-	84,541	77,746	-	-	77,746
Loans and advances to banks¹	45,962	4,109	-	41,853	43,901	3,724	-	40,177
Of which - reverse repurchase agreements and other similar secured lending	4,109	4,109	-	-	3,724	3,724	-	-
Loans and advances to customers¹	299,279	133,043	-	166,236	286,788	134,253	-	152,535
Of which - reverse repurchase agreements and other similar secured lending	7,395	7,395	-	-	8,242	8,242	-	-
Investment securities - Debt securities and other eligible bills^2,3	155,289	-	-	155,289	165,753	-	-	165,753
Fair value through profit or loss⁴	214,100	94,235	-	119,865	186,173	84,130	-	102,043
Loans and advances to banks	1,811	-	-	1,811	2,984	-	-	2,984
Loans and advances to customers	11,054	-	-	11,054	12,355	-	-	12,355
Reverse repurchase agreements and other similar lending	94,235	94,235	-	-	84,130	84,130	-	-
Investment securities - Debt securities and other eligible bills⁴	107,000	-	-	107,000	86,704	-	-	86,704
Derivative financial instruments⁵	82,225	18,605	54,377	9,243	65,782	14,168	44,712	6,902
Accrued income	2,441	-	-	2,441	2,631	-	-	2,631
Assets held for sale⁹	1,133	-	-	1,133	1,042	-	-	1,042
Other assets⁶	54,414	-	-	54,414	36,770	-	-	36,770
Total balance sheet	939,384	249,992	54,377	635,015	866,586	236,275	44,712	585,599
Off-balance sheet⁷
Undrawn Commitments	204,616	4,092	-	200,524	199,245	3,513	-	195,732
Financial Guarantees and other equivalents	120,748	4,341	-	116,407	114,193	3,214	-	110,979
Total off-balance sheet	325,364	8,433	-	316,931	313,438	6,727	-	306,711
Total	1,264,748	258,425	54,377	951,946	1,180,024	243,002	44,712	892,310

	30.06.26
		Customers
	Banks	Corporate & Investment Banking	Wealth & Retail Banking	Central & other items	Customer Total	Undrawn commitments	Financial Guarantees
Amortised cost	$million	$million	$million	$million	$million	$million	$million
Stage 1	45,261	137,737	129,862	16,354	283,953	200,776	117,802
- Strong	32,457	100,396	123,134	16,037	239,567	180,199	73,278
- Satisfactory	12,804	37,341	6,728	317	44,386	20,577	44,524
Stage 2	637	11,583	1,607	567	13,757	3,838	2,426
- Strong	59	1,956	1,145	-	3,101	735	131
- Satisfactory	576	8,469	126	567	9,162	2,913	2,220
- Higher risk	2	1,158	336	-	1,494	190	75
Of which (stage 2):
- Less than 30 days past due	40	52	126	-	178	-	-
- More than 30 days past due	-	5	336	-	341	-	-
Stage 3, credit-impaired financial assets	80	3,850	1,853	2	5,705	2	520
Gross balance¹	45,978	153,170	133,322	16,923	303,415	204,616	120,748
Stage 1	(9)	(181)	(322)	(12)	(515)	(87)	(40)
- Strong	(3)	(63)	(275)	(12)	(350)	(28)	(9)
- Satisfactory	(6)	(118)	(47)	-	(165)	(59)	(31)
Stage 2	-	(364)	(125)	-	(489)	(47)	(16)
- Strong	-	(9)	(86)	-	(95)	(13)	(1)
- Satisfactory	-	(185)	(12)	-	(197)	(25)	(11)
- Higher risk	-	(170)	(27)	-	(197)	(9)	(4)
Of which (stage 2):
- Less than 30 days past due	-	(3)	(12)	-	(15)	-	-
- More than 30 days past due	-	-	(27)	-	(27)	-	-
Stage 3, credit-impaired financial assets	(7)	(2,133)	(997)	(2)	(3,132)	(1)	(106)
Total credit impairment	(16)	(2,678)	(1,444)	(14)	(4,136)	(135)	(162)
Net carrying value	45,962	150,492	131,878	16,909	299,279
Stage 1	0.0 %	0.1 %	0.2 %	0.1 %	0.2 %	0.0 %	0.0 %
- Strong	0.0 %	0.1 %	0.2 %	0.1 %	0.1 %	0.0 %	0.0 %
- Satisfactory	0.0 %	0.3 %	0.7 %	-	0.4 %	0.3 %	0.1 %
Stage 2	-	3.1 %	7.8 %	-	3.6 %	1.2 %	0.7 %
- Strong	-	0.5 %	7.5 %	-	3.1 %	1.8 %	0.8 %
- Satisfactory	-	2.2 %	9.5 %	-	2.2 %	0.9 %	0.5 %
- Higher risk	-	14.7 %	8.0 %	-	13.2 %	4.7 %	5.3 %
Of which (stage 2):
- Less than 30 days past due	-	5.8 %	9.5 %	-	8.4 %	-	-
- More than 30 days past due	-	-	8.0 %	-	7.9 %	-	-
Stage 3, credit-impaired financial assets (S3)	8.8 %	55.4 %	53.8 %	100.0 %	54.9 %	50.0 %	20.4 %
- Stage 3 Collateral	-	289	688	-	977	-	83
- Stage 3 Cover ratio (after collateral)	8.8 %	62.9 %	90.9 %	100.0 %	72.0 %	50.0 %	36.3 %
Cover ratio	-	1.7 %	1.1 %	0.1 %	1.4 %	0.1 %	0.1 %
Fair value through profit or loss
Performing	40,890	65,982	2	36	66,020
- Strong	30,828	33,955	2	-	33,957
- Satisfactory	10,062	32,027	-	36	32,063
- Higher risk	-	-	-	-	-
Impaired (CG13-14)	179	11	-	-	11
Gross balance (FVTPL)²	41,069	65,993	2	36	66,031
Net carrying value (incl FVTPL)	87,031	216,485	131,880	16,945	365,310

	Corporate & Investment Banking and Central & other items
	30.06.26
	Gross								Credit impairment
	Stage 1			Stage 2				Stage 3	Stage 1			Stage 2				Stage 3
	Strong	Satisfactory	Total	Strong	Satisfactory	Higher Risk	Total	Impaired	Strong	Satisfactory	Total	Strong	Satisfactory	Higher Risk	Total	Impaired	Total Coverage
	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	%
Hong Kong	34,768	12,636	47,404	451	756	492	1,699	995	(18)	(11)	(29)	(4)	(28)	(158)	(190)	(398)	(1.2)
Corporate Lending	16,035	5,397	21,432	411	714	445	1,570	481	(17)	(6)	(23)	(4)	(28)	(155)	(187)	(363)	(2.4)
Non Corporate Lending¹	7,323	2,380	9,703	-	42	47	89	472	(1)	(4)	(5)	-	-	(3)	(3)	(34)	(0.4)
Banks	11,410	4,859	16,269	40	-	-	40	42	-	(1)	(1)	-	-	-	-	(1)	0.0
Singapore	24,106	9,647	33,753	926	540	25	1,491	293	(3)	(26)	(29)	(1)	(3)	-	(4)	(178)	(0.6)
Corporate Lending	10,171	4,653	14,824	921	459	25	1,405	235	-	(24)	(24)	(1)	(3)	-	(4)	(170)	(1.2)
Non Corporate Lending¹	10,905	1,061	11,966	-	72	-	72	24	(3)	(1)	(4)	-	-	-	-	(5)	(0.1)
Banks	3,030	3,933	6,963	5	9	-	14	34	-	(1)	(1)	-	-	-	-	(3)	(0.1)
China	13,574	2,454	16,028	-	152	10	162	22	(2)	(2)	(4)	-	-	-	-	(5)	(0.1)
Corporate Lending	4,606	1,570	6,176	-	80	10	90	20	(1)	(2)	(3)	-	-	-	-	(3)	(0.1)
Non Corporate Lending¹	4,404	261	4,665	-	70	-	70	-	(1)	-	(1)	-	-	-	-	-	0.0
Banks	4,564	623	5,187	-	2	-	2	2	-	-	-	-	-	-	-	(2)	0.0
UK	16,622	7,202	23,824	15	939	499	1,453	852	(4)	(10)	(14)	-	(21)	4	(17)	(385)	(1.6)
Corporate Lending	7,307	3,566	10,873	8	830	499	1,337	538	(3)	(8)	(11)	-	(20)	4	(16)	(356)	(3.0)
Non Corporate Lending¹	7,882	1,577	9,459	7	109	-	116	313	(1)	(1)	(2)	-	(1)	-	(1)	(28)	(0.3)
Banks	1,433	2,059	3,492	-	-	-	-	1	-	(1)	(1)	-	-	-	-	(1)	(0.1)
US	23,710	4,378	28,088	-	479	-	479	233	(5)	(7)	(12)	-	(18)	-	(18)	(56)	(0.3)
Corporate Lending	9,353	3,396	12,749	-	428	-	428	233	(2)	(6)	(8)	-	(18)	-	(18)	(56)	(0.6)
Non Corporate Lending¹	13,737	520	14,257	-	44	-	44	-	(3)	(1)	(4)	-	-	-	-	-	0.0
Banks	620	462	1,082	-	7	-	7	-	-	-	-	-	-	-	-	-	0.0
Others	36,110	14,145	50,255	623	6,746	134	7,503	1,537	(46)	(68)	(114)	(4)	(115)	(16)	(135)	(1,120)	(2.3)
Corporate Lending	18,118	10,518	28,636	621	6,146	132	6,899	1,380	(26)	(57)	(83)	(4)	(90)	(16)	(110)	(980)	(3.2)
Non Corporate Lending¹	6,591	2,758	9,349	-	31	-	31	157	(17)	(8)	(25)	-	(25)	-	(25)	(140)	(2.0)
Banks	11,401	869	12,270	2	569	2	573	-	(3)	(3)	(6)	-	-	-	-	-	0.0
Total	148,890	50,462	199,352	2,015	9,612	1,160	12,787	3,932	(78)	(124)	(202)	(9)	(185)	(170)	(364)	(2,142)	(1.3)

Amortised cost	31.12.25
	Notional				Credit impairment
	Stage 1	Stage 2	Stage 3	Total	Stage 1	Stage 2	Stage 3	Total
	$million	$million	$million	$million	$million	$million	$million	$million
Strong	70,447	82	-	70,529	(13)	(4)	-	(17)
Satisfactory	467	10	-	477	(2)	(1)	-	(3)
Higher risk	-	22	-	22	-	(1)	-	(1)
Impaired	-	-	4	4	-	-	-	-
Total	70,914	114	4	71,032	(15)	(6)	-	(21)

	30.06.26
	Corporate & Investment Banking			Wealth & Retail Banking			Central & other items¹			Total
	Gross	ECL	Coverage	Gross	ECL	Coverage	Gross	ECL	Coverage	Gross	ECL	Coverage
	$million	$million	%	$million	$million	%	$million	$million	%	$million	$million	%
Quantitative	5,970	163	2.7	1,224	95	7.8	213	8	3.8	7,407	266	3.6
Qualitative	12,446	100	0.8	325	6	1.8	3,801	-	-	16,572	106	0.6
30 days past due	-	-	-	167	17	10.2	-	-	-	167	17	10.2
Management overlay	-	163	-	-	10	-	-	-	-	-	173	-
Total stage 2	18,416	426	2.3	1,716	128	7.5	4,014	8	0.2	24,146	562	2.3

	30.06.26			30.06.25¹
	Stage 1 & 2	Stage 3	Total	Stage 1 & 2	Stage 3	Total
	$million	$million	$million	$million	$million	$million
Corporate & Investment Banking	191	(41)	150	87	(97)	(10)
Wealth & Retail Banking	42	254	296	97	256	353
Central & other items	1	(1)	-	(7)	-	(7)
Total credit impairment	234	212	446	177	159	336

	30.06.26
	Net amount outstanding			Collateral			Net exposure
	Total	Stage 2 financial assets	Credit impaired financial assets (S3)	Total²	Stage 2 financial assets	Credit impaired financial assets (S3)	Total²	Stage 2 financial assets	Credit impaired financial assets (S3)
Amortised cost	$million	$million	$million	$million	$million	$million	$million	$million	$million
Corporate & Investment Banking¹	196,454	11,856	1,790	33,223	2,292	289	163,231	9,564	1,501
Wealth & Retail Banking	131,878	1,482	856	99,785	792	688	32,093	690	168
Central & other items	16,909	567	-	4,145	-	-	12,764	567	-
Total	345,241	13,905	2,646	137,153	3,084	977	208,088	10,821	1,669

	30.06.26
	Maximum on Balance Sheet Exposure (net of credit impairment)	Collateral	Net On Balance Sheet Exposure	Undrawn Commitments (net of credit impairment)	Financial Guarantees (net of credit impairment)	Net Off Balance Sheet Exposure	Total On & Off Balance Sheet Net Exposure
	$million	$million	$million	$million	$million	$million	$million
Industry:
Automotive manufacturers	4,198	281	3,917	5,023	844	5,867	9,784
Aviation	2,694	1,410	1,284	1,389	737	2,126	3,410
Steel	1,523	372	1,151	1,032	463	1,495	2,646
Coal mining	-	-	-	-	-	-	-
Aluminium	837	21	816	398	112	510	1,326
Cement	712	47	665	643	264	907	1,572
Shipping	7,147	4,475	2,672	3,152	192	3,344	6,016
Commercial Real Estate	11,109	4,705	6,404	3,790	178	3,968	10,372
Oil & Gas	9,325	1,197	8,128	12,841	8,005	20,846	28,974
Power	8,305	1,226	7,079	5,473	1,370	6,843	13,922
Total¹	45,850	13,734	32,116	33,741	12,165	45,906	78,022
Total Corporate & Investment Banking²	216,485	26,531	189,954	130,878	107,028	237,906	427,860
Total Group^3,4	452,341	137,153	315,188	204,481	120,586	325,067	640,255

	30.06.26
	India
	GDP growth	Unemployment⁷	3-month interest rates	House prices	Brent Crude
	(YoY%)	%	%	(YoY%)	$pb
Base forecast¹
2026	6.4	NA	5.7	3.8	85.5
2027	7.0	NA	6.2	6.6	77.5
2028	6.5	NA	6.3	6.4	75.3
2029	6.2	NA	6.3	6.3	77.8
2030	6.0	NA	6.3	6.2	79.7
5-year average²	6.4	NA	6.2	6.0	78.5
Quarterly peak	7.0	NA	6.3	6.8	85.0
Quarterly trough	5.6	NA	5.6	3.0	74.0
Monte Carlo
Low³	2.2	NA	1.7	(1.2)	25.5
High⁴	10.5	NA	10.0	11.5	151.9

	Base forecast	Multiple economic scenarios¹	Management overlays and other judgemental adjustments	Total modelled ECL²
	$million	$million	$million	$million
Total modelled expected credit loss at 30 June 2026	929	177	358	1,464
Total modelled expected credit loss at 31 December 2025	1,061	113	190	1,364

	Base		Sustained Middle East Conflict (SMEC)		Bank Capital Stress Test Roll-Forward (BCST RF)
	Five year average	Peak/Trough	Five year average	Peak/Trough	Five year average	Peak/Trough
China GDP	4.3	4.7/3.8	4.0	4.6/2.7	3.2	5.0/(1.2)
China unemployment	3.3	3.4/3.3	3.5	3.8/3.3	4.4	5.0/3.5
China property prices	0.3	2.7/(2.7)	(0.3)	2.9/(4.2)	(3.7)	11.2/(11.8)
Hong Kong GDP	2.6	4.4/1.9	2.1	3.7/0.6	0.8	3.5/(6.8)
Hong Kong unemployment	3.2	3.5/3.2	3.8	4.8/3.2	6.6	8.2/4.1
Hong Kong property prices	4.0	5.4/3.2	3.2	4.2/1.5	(3.3)	7.7/(10.2)
US GDP	2.0	2.2/1.9	1.7	2.0/0.3	0.2	1.5/(3.6)
Singapore GDP	2.3	3.4/0.4	1.6	3.1/(1.4)	0.6	3.3/(5.3)
Korea GDP	1.9	2.5/1.4	1.4	2.0/(0.6)	0.8	3.2/(4.0)
UAE GDP	3.1	7.7/(1.7)	2.5	6.3/(3.3)	2.0	3.8/(3.6)
India GDP	6.4	7.0/5.6	5.8	6.8/3.9	4.9	6.2/0.5
Crude oil	78.5	85.0/74.0	94.6	136.1/76.0	124.2	190.9/88.4

	Base (GDP, YoY%)					Sustained Middle East Conflict (SMEC) (GDP, YoY%)					Difference from Base
	2026	2027	2028	2029	2030	2026	2027	2028	2029	2030	2026	2027	2028	2029	2030
China	4.4	4.6	4.4	4.2	3.9	3.3	4.0	4.4	4.2	3.9	(1.1)	(0.6)	0.0	0.0	0.0
Hong Kong	3.8	2.3	2.6	2.2	2.0	2.2	1.4	2.6	2.2	2.0	(1.6)	(0.8)	0.0	0.0	0.0
US	2.1	2.1	2.0	2.0	2.0	0.9	1.5	2.0	2.0	2.0	(1.2)	(0.6)	0.0	0.0	0.0
Singapore	1.8	3.1	2.2	2.2	2.0	(0.3)	2.0	2.2	2.2	2.0	(2.1)	(1.1)	0.0	0.0	0.0
India	6.4	6.9	6.3	6.2	6.0	4.5	6.0	6.3	6.2	6.0	(1.9)	(1.0)	0.0	0.0	0.0

	Base (GDP, YoY%)					Bank Capital Stress Testing Roll-Forward (BCST RF) (GDP, YoY%)					Difference from Base
	2026	2027	2028	2029	2030	2026	2027	2028	2029	2030	2026	2027	2028	2029	2030
China	4.4	4.6	4.4	4.2	3.9	0.8	1.1	4.8	4.8	4.6	(3.6)	(3.5)	0.4	0.7	0.7
Hong Kong	3.8	2.3	2.6	2.2	2.0	(2.1)	(3.7)	3.1	3.3	3.4	(5.9)	(5.9)	0.4	1.1	1.4
US	2.1	2.1	2.0	2.0	2.0	(1.0)	(1.7)	1.3	1.2	1.2	(3.1)	(3.8)	(0.7)	(0.8)	(0.8)
Singapore	1.8	3.1	2.2	2.2	2.0	(0.3)	2.0	2.2	2.2	2.0	(2.1)	(1.1)	0.0	0.0	0.0
India	6.4	6.9	6.3	6.2	6.0	3.9	2.1	6.1	6.1	6.0	(2.5)	(4.8)	(0.2)	(0.1)	0.1

	Gross as reported¹	ECL as reported²	ECL Base case²	ECL SMEC²	ECL BCST²
	$million	$million	$million	$million	$million
Stage 1 modelled
Corporate & Investment Banking	431,149	184	171	184	198
Wealth & Retail Banking	200,300	336	308	325	334
- Mortgages	83,573	16	11	9	12
- Credit cards	44,242	119	112	117	121
- Other	72,485	201	185	199	201
Central & other items	168,326	66	43	64	99
Total stage 1 excluding management judgements⁴	799,775	586	522	573	631
Stage 2 modelled
Corporate & Investment Banking	18,376	256	180	190	378
Wealth & Retail Banking	1,716	119	91	103	163
- Mortgages	961	9	2	2	32
- Credit cards	236	62	54	60	67
- Other	519	48	35	41	64
Central & other items	3,604	9	-	10	71
Total stage 2 excluding management judgements⁴	23,696	384	271	303	612
Total Stage 1 & 2 modelled
Corporate & Investment Banking	449,525	440	351	374	576
Wealth & Retail Banking	202,016	455	399	428	497
- Mortgages	84,534	25	13	11	44
- Credit cards	44,478	181	166	177	188
- Other	73,004	249	220	240	265
Central & other items	171,930	75	43	74	170
Total excluding management judgements⁴	823,471	970	793	876	1,243
Stage 3 exposures excluding other assets	6,605	3,192
Other financial assets³	142,559	29
ECL from management judgements⁴	-	358
Total financial assets reported as at 30 June 2026	972,635	4,549

Trading	6 months ended 30.06.26				6 months ended 31.12.25				6 months ended 30.06.25
	Average	High	Low	Half Year	Average	High	Low	Half Year	Average	High	Low	Half Year
	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million
Interest Rate Risk	11.4	17.0	7.1	12.0	11.6	19.8	7.9	11.5	13.9	18.3	9.8	13.0
Credit Spread Risk	13.7	17.7	8.7	15.8	10.4	13.4	8.5	8.6	8.9	13.0	5.4	12.2
Foreign Exchange Risk	7.0	11.8	3.5	8.3	5.1	11.7	3.1	3.9	7.5	12.3	4.9	6.5
Commodity Risk	13.5	22.8	5.7	8.7	6.9	16.8	3.7	6.3	13.0	21.7	2.9	5.1
Diversification effect	(18.6)	NA	NA	(17.2)	(11.1)	NA	NA	(12.8)	(15.4)	NA	NA	(13.8)
Total¹	27.0	37.9	19.1	27.6	22.9	31.8	15.5	17.5	27.9	34.9	18.9	23.0

Non-trading¹	6 months ended 30.06.26				6 months ended 31.12.25				6 months ended 30.06.25
	Average	High	Low	Half Year	Average	High	Low	Half Year	Average	High	Low	Half Year
	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million
Interest Rate Risk	30.0	39.7	23.1	30.2	42.7	55.8	37.0	39.7	40.7	64.6	23.8	56.6
Credit Spread Risk	12.1	16.5	7.5	7.5	16.7	24.5	13.5	13.9	20.8	29.0	13.9	24.5
Commodity Risk	1.2	1.8	0.6	1.0	1.4	1.8	1.0	1.6	2.2	4.8	0.8	1.1
Diversification effect	(7.9)	NA	NA	(6.4)	(14.0)	NA	NA	(12.0)	(16.4)	NA	NA	(19.8)
Total²	35.4	44.5	28.6	32.3	46.8	61.1	41.3	43.2	47.3	66.6	32.3	62.4

	30.06.26
	One month or less	Between one month and three months	Between three months and six months	Between six months and nine months	Between nine months and one year	Between one year and two years	Between two years and five years	More than five years and undated	Total
	$million	$million	$million	$million	$million	$million	$million	$million	$million
Assets
Cash and balances at central banks	71,461	-	-	-	-	-	-	13,080	84,541
Derivative financial instruments	18,083	14,625	13,527	8,155	5,285	7,277	10,364	4,909	82,225
Loans and advances to banks^1,2	30,529	17,865	11,331	5,326	6,183	8,277	5,607	1,913	87,031
Loans and advances to customers^1,2	92,829	36,659	20,190	16,630	15,072	41,022	39,381	103,527	365,310
Investment securities¹	21,733	30,344	24,588	18,283	15,362	30,829	50,821	82,672	274,632
Other assets	31,556	52,631	2,083	573	1,863	93	28	10,840	99,667
Total assets	266,191	152,124	71,719	48,967	43,765	87,498	106,201	216,941	993,406
Liabilities
Deposits by banks^1,3	32,420	986	1,306	483	573	4,911	2,699	247	43,625
Customer accounts^1,4	439,705	65,843	46,134	19,252	18,720	11,326	4,348	3,883	609,211
Derivative financial instruments	18,440	16,167	11,926	8,306	5,293	7,214	11,226	4,888	83,460
Senior debt⁵	347	2,046	2,008	1,287	988	11,749	21,568	22,896	62,889
Other debt securities in issue¹	1,340	6,531	9,386	7,103	5,446	1,320	1,895	621	33,642
Other liabilities	35,243	43,171	1,665	1,653	1,317	2,464	4,015	6,386	95,914
Subordinated liabilities and other borrowed funds	16	63	13	1,338	44	269	934	6,095	8,772
Total liabilities	527,511	134,807	72,438	39,422	32,381	39,253	46,685	45,016	937,513
Net liquidity gap	(261,320)	17,317	(719)	9,545	11,384	48,245	59,516	171,925	55,893

	31.12.25
Deposits by banks	32,536	2,012	1,381	704	658	2,137	2,395	4	41,827
Customer accounts	416,850	43,261	29,727	13,247	14,222	9,090	58,627	4,033	589,057
Derivative financial instruments	67,101	13	35	34	51	110	492	512	68,348
Debt securities in issue	4,081	5,139	12,176	8,290	5,590	13,118	24,492	26,510	99,396
Subordinated liabilities and other borrowed funds	35	116	50	164	15	1,529	978	11,934	14,821
Other liabilities	16,179	41,722	3,276	1,044	1,410	1,485	1,892	6,171	73,179
Total liabilities	536,782	92,263	46,645	23,483	21,946	27,469	88,876	49,164	886,628

Estimated one-year impact to earnings from a parallel shift in yield curves at the beginning of the period of:	30.06.26
	USD bloc¹	HKD bloc	SGD bloc	GBP bloc	CNY bloc²	JPY bloc	EUR bloc	Other currency bloc³	Total
	$million	$million	$million	$million	$million	$million	$million	$million	$million
+ 50 basis points	40	20	20	20	30	10	20	60	220
- 50 basis points	(70)	(30)	(20)	(20)	(40)	(10)	(20)	(80)	(290)
+ 100 basis points	80	30	50	40	60	20	30	120	430
- 100 basis points	(180)	(50)	(50)	(40)	(80)	(30)	(50)	(150)	(630)

SCPLC Half Year Results 2026 - Part 2

Summary by AI BETAClose X

Companies

UK 100

Latest directors dealings

Summary by AI ^BETAClose X

	30.06.26	31.12.25
CET1 (%)	14.2	14.1
Tier 1 capital (%)	17.6	17.0
Total capital (%)	21.1	20.6
Leverage ratio (%)	4.7	4.7
MREL ratio (%)	35.2	33.5
Risk-weighted assets (RWA) $million	261,451	258,031

	6 months ended	6 months ended
	30.06.26	31.12.25
	$million	$million
CET1 at 1 January/1 July	36,440	37,260
Ordinary shares issued in the period and share premium	-	-
Share buy-back	(1,500)	(1,300)
Profit for the period	3,658	1,759
Foreseeable dividends deducted from CET1	(780)	(807)
Difference between dividends paid and foreseeable dividends	(13)	(566)
Movement in goodwill and other intangible assets	(183)	(150)
Foreign currency translation differences	(259)	178
Non-controlling interests	(5)	27
Movement in eligible other comprehensive income	(262)	(24)
Deferred tax assets that rely on future profitability	(4)	3
Decrease/(Increase) in excess expected loss	61	16
Additional value adjustments (prudential valuation adjustment)	(53)	(33)
Exposure amounts which could qualify for risk weighting	(16)	9
Fair value gains arising from the institution's own Credit Risk related to derivative liabilities	(6)	33
Others	(75)	35
CET1 at 30 June/31 December	37,003	36,440
AT1 at 1 January/1 July	7,509	6,517
Net issuances	1,582	996
Foreign currency translation difference	(6)	(4)
AT1 at 30 June/31 December	9,085	7,509
Tier 2 capital at 1 January/1 July	9,278	9,504
Regulatory amortisation	(135)	(103)
Foreign currency translation and fair value differences	(65)	(114)
Tier 2 ineligible minority interest	(5)	(1)
Others	3	(8)
Tier 2 capital at 30 June/31 December	9,076	9,278
Total capital at 30 June/31 December	55,164	53,227

	30.06.26
	Credit risk	Operational risk	Market risk	Total risk
	$million	$million	$million	$million
Corporate & Investment Banking	132,322	23,826	29,164	185,312
Wealth & Retail Banking	45,517	11,884	-	57,401
Central & other items	16,243	(599)	3,094	18,738
Total risk-weighted assets	194,082	35,111	32,258	261,451

	31.12.25¹
Corporate & Investment Banking	125,188	23,883	26,713	175,784
Wealth & Retail Banking	47,349	11,958	-	59,307
Central & other items	19,608	(618)	3,950	22,940
Total risk-weighted assets	192,145	35,223	30,663	258,031

	Credit risk¹
	Corporate & Investment Banking	Wealth & Retail Banking	Central & other items	Total	Operational risk	Market risk	Total risk
	$million	$million	$million	$million	$million	$million	$million
At 1 January 2025	124,378	48,714	16,211	189,303	29,479	28,283	247,065
Assets growth & mix²	458	(2,159)	(2,165)	(3,866)	-	-	(3,866)
Asset quality²	2,194	(303)	525	2,416	-	-	2,416
Model Updates	(1,655)	232	-	(1,423)	-	51	(1,372)
Methodology and policy changes	-	-	-	-	-	-	-
Acquisitions and disposals	(14)	(92)	(12)	(118)	-	-	(118)
Foreign currency translation	3,016	1,643	377	5,036	-	-	5,036
Other, Including non-credit risk movements	-	-	-	-	3,099	7,424	10,523
At 30 June 2025	128,377	48,035	14,936	191,348	32,578	35,758	259,684
Assets growth & mix²	(2,818)	232	4,863	2,277	-	-	2,277
Asset quality²	(124)	(290)	(31)	(445)	-	-	(445)
Model Updates	390	(34)	-	356	-	12	368
Methodology and policy changes	-	-	-	-	-	-	-
Acquisitions and disposals	(279)	-	(7)	(286)	-	-	(286)
Foreign currency translation	(358)	(594)	(153)	(1,105)	-	-	(1,105)
Other, Including non-credit risk movements	-	-	-	-	2,645	(5,107)	(2,462)
At 31 December 2025	125,188	47,349	19,608	192,145	35,223	30,663	258,031
Assets growth & mix	7,446	(767)	(3,133)	3,546	-	-	3,546
Asset quality	321	36	75	432	-	-	432
Model Updates	358	(349)	-	9	-	(565)	(556)
Methodology and policy changes	-	-	-	-	-	-	-
Acquisitions and disposals	-	-	-	-	-	-	-
Foreign currency translation	(991)	(752)	(307)	(2,050)	-	-	(2,050)
Other, Including non-credit risk movements	-	-	-	-	(112)	2,160	2,048
At 30 June 2026	132,322	45,517	16,243	194,082	35,111	32,258	261,451

Group Chair	Executive Directors	Non-Executive Directors
Maria Ramos	Bill Winters	Shirish Apte
	Manus Costello	Jackie Hunt
		Diane Jurgens
		Robin Lawther
		Lincoln Leong
		Phil Rivett
		David Tang
		Linda Yueh
		Tanate Phutrakul

		30.06.26	31.12.25
	Notes	$million	$million
Assets
Cash and balances at central banks	13	84,541	77,746
Financial assets held at fair value through profit or loss	13	225,286	195,257
Derivative financial instruments	13,14	82,225	65,782
Loans and advances to banks	13	45,962	43,901
Loans and advances to customers	13	299,279	286,788
Investment securities	13	156,446	166,956
Other assets	18	84,024	67,931
Current tax assets		422	574
Prepayments and accrued income		2,900	3,058
Interests in associates and joint ventures	19	1,532	1,426
Goodwill and intangible assets	16	6,394	6,231
Property, plant and equipment	17	2,439	2,559
Deferred tax assets	10	570	493
Retirement benefit schemes in surplus		228	154
Assets classified as held for sale	20	1,158	1,099
Total assets		993,406	919,955

Liabilities
Deposits by banks	13	29,800	30,846
Customer accounts	13	552,644	530,161
Repurchase agreements and other similar secured borrowing	13,15	4,624	7,757
Financial liabilities held at fair value through profit or loss	13	99,900	89,597
Derivative financial instruments	13,14	83,460	68,204
Debt securities in issue	13	79,377	72,858
Other liabilities	21	69,865	46,655
Current tax liabilities		838	709
Accruals and deferred income		6,161	7,358
Subordinated liabilities and other borrowed funds	13,24	8,772	8,834
Deferred tax liabilities	10	746	752
Provisions for liabilities and charges		373	401
Retirement benefit schemes in deficit		291	323
Liabilities included in disposal groups held for sale	20	662	914
Total liabilities		937,513	865,369

Equity
Share capital and share premium account	25	6,578	6,614
Other reserves		9,458	10,406
Retained earnings		30,272	29,573
Total parent company shareholders' equity		46,308	46,593
Other equity instruments	25	9,105	7,528
Total equity excluding non-controlling interests		55,413	54,121
Non-controlling interests		480	465
Total equity		55,893	54,586
Total equity and liabilities		993,406	919,955

	Ordinary share capital and share premium account	Preference share capital and share premium account	Capital and merger reserves¹	Own credit adjustment reserve	Fair value through other comprehensive income reserve debt	Fair value through other comprehensive income reserve equity	Cash flow hedge reserve	Translation reserve	Retained earnings	Parent company shareholders'equity	Other equity instruments	Non-controlling interests	Total
	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million
As at 1 January 2025	5,201	1,494	17,573	(278)	(241)	304	4	(8,638)	28,969	44,388	6,502	394	51,284
Profit for the period	-	-	-	-	-	-	-	-	3,309	3,309	-	17	3,326
Other comprehensive income⁷	-	-	-	3	171	52⁵	374	718	74^2,6	1,392	-	25	1,417
Distributions	-	-	-	-	-	-	-	-	-	-	-	(35)	(35)
Other equity instruments issued, net of expenses	-	-	-	-	-	-	-	-	-	-	994	-	994
Treasury shares net movement	-	-	-	-	-	-	-	-	(76)	(76)	-	-	(76)
Share option expense, net of taxation	-	-	-	-	-	-	-	-	139	139	-	-	139
Dividends on ordinary shares	-	-	-	-	-	-	-	-	(670)	(670)	-	-	(670)
Dividends on preference shares and AT1 securities	-	-	-	-	-	-	-	-	(244)	(244)	-	-	(244)
Share buyback³	(47)	-	47	-	-	-	-	-	(1,500)	(1,500)	-	-	(1,500)
Other movements	-	-	-	-	(25)	-	-	35	(18)	(8)	4	39⁴	35
As at 30 June 2025	5,154	1,494	17,620	(275)	(95)	356	378	(7,885)	29,983	46,730	7,500	440	54,670
Profit for the period	-	-	-	-	-	-	-	-	1,776	1,776	-	(5)	1,771
Other comprehensive (loss)/income⁷	-	-	-	(137)	113	184⁵	(63)	167	29^2,6	293	-	8	301
Distributions	-	-	-	-	-	-	-	-	-	-	-	(15)	(15)
Other equity instruments issued, net of expenses	-	-	-	-	-	-	-	-	-	-	995	-	995
Redemption of other equity instruments	-	-	-	-	-	-	-	-	-	-	(1,000)	-	(1,000)
Treasury shares net movement	-	-	-	-	-	-	-	-	(376)	(376)	-	-	(376)
Share option expense, net of taxation	-	-	-	-	-	-	-	-	81	81	-	-	81
Dividends on ordinary shares	-	-	-	-	-	-	-	-	(284)	(284)	-	-	(284)
Dividends on preference shares and AT1 securities	-	-	-	-	-	-	-	-	(283)	(283)	-	-	(283)
Share buyback³	(34)	-	34	-	-	-	-	-	(1,300)	(1,300)	-	-	(1,300)
Other movements	-	-	-	-	(2)	-	-	11	(53)	(44)	33	37⁴	26
As at 31 December 2025	5,120	1,494	17,654	(412)	16	540	315	(7,707)	29,573	46,593	7,528	465	54,586

	Ordinary share capital and share premium account	Preference share capital and share premium account	Capital and merger reserves⁸	Own credit adjustment reserve	Fair value through other comprehensive income reserve debt	Fair value through other comprehensive income reserve equity	Cash flow hedge reserve	Translation reserve	Retained earnings	Parent company shareholders'equity	Other equity instruments	Non-controlling interests	Total
	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million	$million
As at 1 January 2026	5,120	1,494	17,654	(412)	16	540	315	(7,707)	29,573	46,593	7,528	465	54,586
Profit for the period	-	-	-	-	-	-	-	-	3,653	3,653	-	18	3,671
Other comprehensive income/(loss)⁷	-	-	-	17	(84)	(40)¹⁰	(618)	(259)	80^2,10	(904)	-	(6)	(910)
Distributions	-	-	-	-	-	-	-	-	-	-	-	(18)	(18)
Other equity instruments issued	-	-	-	-	-	-	-	-	-	-	1,582	-	1,582
Treasury shares net movement	-	-	-	-	-	-	-	-	(301)	(301)	-	-	(301)
Share option expense, net of taxation	-	-	-	-	-	-	-	-	168	168	-	-	168
Dividends on ordinary shares	-	-	-	-	-	-	-	-	(1,105)	(1,105)	-	-	(1,105)
Dividends on preference shares and AT1 securities	-	-	-	-	-	-	-	-	(285)	(285)	-	-	(285)
Share buyback^3,9	(36)	-	36	-	-	-	-	-	(1,500)	(1,500)	-	-	(1,500)
Other movements	-	-	-	-	-	-	-	-	(11)	(11)	(5)	21¹¹	5
As at 30 June 2026	5,084	1,494	17,690	(395)	(68)	500	(303)	(7,966)	30,272	46,308	9,105	480	55,893

Section	Note
Basis of preparation	1	Accounting policies
Performance/return	2	Segmental information
	3	Net interest income
	4	Net fees and commission
	5	Net trading income
	6	Other operating income
	7	Operating expenses
	8	Credit impairment
	9	Goodwill, property, plant and equipment and other impairment
	10	Taxation
	11	Dividends
	12	Earnings per ordinary share
Assets and liabilities held at fair value	13	Financial instruments
Assets and liabilities held at fair value	14	Derivative financial instruments
Financial instruments held at amortised cost	15	Reverse repurchase and repurchase agreements including other similar lending and borrowing
Other assets and investments	16	Goodwill and intangible assets
	17	Property, plant and equipment
	18	Other assets
	19	Investments in associates and joint ventures
	20	Assets held for sale and associated liabilities
Funding, accruals, provisions, contingent liabilities and legal proceedings	21	Other liabilities
	22	Contingent liabilities and commitments
	23	Legal and regulatory matters
Capital instruments, equity and reserves	24	Subordinated liabilities and other borrowed funds
Capital instruments, equity and reserves	25	Share capital, other equity instruments and reserves
Other disclosure matters	26	Related party transactions
	27	Post balance sheet events
	28	Corporate governance
	29	Statutory accounts
	30	Cash flow statement