Press Release 30 July 2025 HSBC CONTINENTAL EUROPEINTERIM RESULTS 2025 On 29 July 2025, HSBC Continental Europe’s Board of Directors approved the consolidated financial statements for the first half of 2025. Performance during the first half of 2025 reflected strong revenue growth in Corporate and Institutional Banking1 driven by increased client activity. This was partly offset by investment in technology and restructuring costs. Since the beginning of the year and as previously announced, HSBC Continental ...

Core Viewpoint - HSBC Continental Europe has agreed to sell its custody business in Germany to BNP Paribas, aligning with its strategy to focus on corporate and institutional banking for international clients in Europe [2][3]. Group 1: Transaction Details - The sale is part of HSBC's simplification strategy announced in October 2024, aimed at enhancing leadership and market share in areas of competitive advantage [3]. - The custody business in Germany provides domestic custody, clearing, and depository services for German institutional clients, with all staff, assets, and clients transferring to BNP Paribas [4]. - The completion of the transaction is subject to regulatory and anti-trust approvals, as well as negotiations with the Works Council in Germany [4]. Group 2: Transition Plan - A phased transfer of staff and clients is expected to begin in early 2026, with both HSBC and BNP Paribas focused on ensuring a smooth transition [5]. Group 3: Company Background - HSBC Continental Europe operates across various European countries, providing corporate and institutional banking, private banking, insurance, and asset management services [7]. - HSBC Holdings plc, the parent company, is one of the largest banking organizations globally, with assets of approximately USD 3,054 billion as of March 31, 2025 [9]. - BNP Paribas is a leading European banking and financial services provider, operating in 64 countries with a strong presence in corporate and institutional banking [10][11]. Group 4: Securities Services Overview - BNP Paribas' Securities Services business is a global custodian with a custody network covering over 90 markets, managing USD 15.4 trillion in assets under custody as of March 31, 2025 [12].