Euroclear sees revenues and collateral surge
18 February 2020 Brussels
Image: Shutterstock
Euroclear, the Belgium-based financial services company, has reported a revenue increase of 8 percent for 2019, compared to the year prior, amounting to €1,435 million.
In its end-of-year report, Euroclear explains that business Income rose by 6 percent to €1,145 million due to the delivery of its “strategic initiatives and benefit of positive market conditions”.
Moreover, its banking and “other income” increased by 13 percent to €290 million, which Euroclear says was “boosted by higher US interest rates in the first half 2019”.
Elsewhere, the firm revealed that its Collateral Highway platform mobilised a yearly average of €1.3 trillion, up 6 percent on 2018.
The average value of securities held on behalf of Euroclear clients continued to grow up 5 percent €31.4 trillion in 2019, compared to the €28.8 trillion in 2018.
At the end of 2019, Euroclear held €31.4 trillion of assets under custody.
Euroclear says its FundsPlace product continued to attract asset managers and exchange-traded funds issuers with fund assets under custody rising to €2.4 trillion last year.
Commenting on the results, Lieve Mostrey, CEO of Euroclear, says that 2019 was a record year for the firm.
“Looking forward, despite headwinds from lower interest rates environment, we continue to invest in customer and product expansion, and to enhance our technology,” she adds. “By remaining focused on delivering our strategic objectives, we expect to create further value for all our stakeholders."
In its end-of-year report, Euroclear explains that business Income rose by 6 percent to €1,145 million due to the delivery of its “strategic initiatives and benefit of positive market conditions”.
Moreover, its banking and “other income” increased by 13 percent to €290 million, which Euroclear says was “boosted by higher US interest rates in the first half 2019”.
Elsewhere, the firm revealed that its Collateral Highway platform mobilised a yearly average of €1.3 trillion, up 6 percent on 2018.
The average value of securities held on behalf of Euroclear clients continued to grow up 5 percent €31.4 trillion in 2019, compared to the €28.8 trillion in 2018.
At the end of 2019, Euroclear held €31.4 trillion of assets under custody.
Euroclear says its FundsPlace product continued to attract asset managers and exchange-traded funds issuers with fund assets under custody rising to €2.4 trillion last year.
Commenting on the results, Lieve Mostrey, CEO of Euroclear, says that 2019 was a record year for the firm.
“Looking forward, despite headwinds from lower interest rates environment, we continue to invest in customer and product expansion, and to enhance our technology,” she adds. “By remaining focused on delivering our strategic objectives, we expect to create further value for all our stakeholders."
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