Euroclear Business and Financial update – Q3 2021
PR92689
BRUSSELS, Oct. 29, 2021 /PRNewswire=KYODO JBN/ --
Financial highlights
-- Q3 YTD 2021 operating income up 9% year-on-year to EUR 1156 million as
strong Business Income growth offset lower Banking and Other Income
-- Business Income rose 14% to EUR 1089 million
-- Banking and Other Income trajectory remains stable since Q2 2020,
albeit Q3 YTD is 36% lower year-on-year at EUR 67 million
-- Operating costs increased by 6% to EUR 676 million, including
exceptional costs related to the MFEX acquisition
-- Net profit increased by 11% to EUR 347 million
-- EPS increased 11% to EUR 110.3 per share
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Key Operating Metrics remain strong
-- Assets under custody reached EUR 36.1 trillion an increase of 15%
year on year
-- Record number of netted transactions settled in the Euroclear group of
220 million, an increase of 7%
-- Euroclear's Collateral Highway mobilised a record EUR 1.8 trillion
Continued progress of Strategic Plans
Acquisition of MFEX group
-- MFEX acquisition completed, with integration progressing well
-- Brigitte Daurelle appointed as CEO of MFEX to deliver commercial
opportunities from combination of the complementary service offerings
Strengthening, Growing and Reshaping Euroclear's Network
-- Income drivers remain strong across asset classes leading to business
income growth of 14%, driven by business gains, increased volumes,
record issuance in fixed income securities and increased equity
valuations
-- Fund assets under custody up 19% to EUR 2.9 trillion, before the
inclusion of MFEX business
-- Continued investment in systems and infrastructure to enhance business
resilience and customer proposition
-- Growth business lines continue to perform strongly. Collateral
Management business income increased 19% year-on-year, while
Euroclear's global and emerging markets network, Global Reach
increased business income by 21%
-- Euroclear Bank and Saudi Arabia's Securities Depository Center Company
(Edaa) have agreed to launch a fully Euroclearable link to enable
international investors direct access to this local government bond
market for the first time
-- Development of shareholder identification services providing
transparent in-depth insights to enhance corporate governance,
including the recent introduction of Euroclear Sweden's Vantage
solution and continued rollout of InvestorInsight in ESES
-- Investing in digital and data services that support post trade
efficiency including the launch of SettlementDrive, a new service
offering analysis into the level of settlement fails observed on
individual instruments processed within the Euroclear group
-- Supporting projects to explore central bank digital currencies, such
as the successful completion of a pilot with Banque de France and a
consortium of actors to test the use of central bank digital currency
across a wide range of core securities settlement operations for a
French Government bond
-- Continue to develop our group ESG strategy exploring how to support
clients' green finance ambitions, supported by the recent launch with
PwC of a whitepaper identifying key opportunities in scaling
sustainable finance
Commenting on the results, Lieve Mostrey, Chief Executive Officer said:
"I am pleased to announce that we have continued to deliver robust business
performance throughout 2021, and the acquisition of MFEX allows for further
commercial opportunities. We continue to invest in our client proposition as we
seek to foster safety and sustainability in global capital markets."
About Euroclear
Euroclear group is the financial industry's trusted provider of post trade
services. Euroclear provides settlement and custody of domestic and
cross-border securities for bonds, equities and derivatives to investment
funds. Euroclear is a proven, resilient capital market infrastructure committed
to delivering risk-mitigation, automation and efficiency at scale for its
global client franchise.
The Euroclear group comprises Euroclear Bank, the International CSD, as well as
Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland,
Euroclear Sweden and Euroclear UK & International. The Euroclear group
settled the equivalent of EUR 897 trillion in securities transactions in 2020,
representing 276 million domestic and cross-border transactions, and held EUR
32.8 trillion in assets for clients by end 2020. For more information about
Euroclear, please visit www.euroclear.com
SOURCE Euroclear
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