Euroclear, a Belgium-based securities Clearing firm, released its financial results for H1 of 2021 today. The financial services platform reported strong growth in operating income and net profit.
According to the released numbers, Euroclear’s business income reached €723 million in the first six months of 2021, which is 13% higher compared to the same period in 2020. Net profit also jumped 11% to €251 million in H1 of 2021. During the first half of 2020, the company posted a net profit of approximately €227 million.
For H1 of 2021, Euroclear reported an increase of 11% in EPS. Operating cost spiked 4% to €444 million. In H1 of 2020, Euroclear posted operating costs of €428 million.
Commenting on the latest financial numbers, Lieve Mostrey, Chief Executive Officer at Euroclear, said: “I am pleased to report that Euroclear achieved a record business performance in the first half of 2021. Our consistent strategy has delivered a growing financial performance, despite a business environment that remains uncertain. By continuing to invest in our people and technology, we are supporting clients and the broader market’s need for robust infrastructure, across asset classes, as they access our global network of financial market participants.”
Euroclear has seen consistent growth in its business income in the last few years. In 2020, the securities clearing firm reported a 12% jump in its business income compared to FY 2019.
Key Numbers
Apart from the recent growth in its business income and net profit, Euroclear posted a jump in the total assets under custody. “Overall assets under custody reached EUR 35.2 trillion at the end of June (H1 2020: EUR 31.1 trillion), an increase of 13% year-on-year. Record number of netted transactions settled in the Euroclear group of 149 million, an increase of 6% (H1 2020: 141 million). Euroclear’s Collateral Highway mobilized a record EUR 1.7 trillion (H1 2020: EUR 1.5 trillion), benefitting from fixed income securities growth,” the company added.
Earlier this year, Singapore Exchange (SGX) partnered with Euroclear to launch the Orchid Bond structure in the country.
