{"id":36884,"date":"2025-10-24T16:08:54","date_gmt":"2025-10-24T09:08:54","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=36884"},"modified":"2025-10-24T16:08:54","modified_gmt":"2025-10-24T09:08:54","slug":"euroclear-builds-on-strong-momentum-in-q3-2025","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=36884","title":{"rendered":"Euroclear builds on strong momentum in Q3 2025"},"content":{"rendered":"<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2064818\/5420451\/Euroclear_logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">BRUSSELS<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 24, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Results for the first nine months of 2025<\/p>\n<p><b>Financial highlights\u00a0<\/b><\/p>\n<p>Record deposit levels, solid business performance and improved operating margin<\/p>\n<ul type=\"disc\">\n<li>In the first three quarters of 2025, Euroclear has achieved solid financial performance and demonstrated sustained growth in most business lines coupled with disciplined cost management.<\/li>\n<li>Underlying business income increased by 7% year-on-year to reach \u20ac1.4 billion, driven by record-high deposit levels, resilient settlement activity, strong ETF flows and solid international fixed income volumes.<\/li>\n<li>As anticipated, interest and banking income continues to decrease (-10%) to approx. \u20ac800 million, mainly due to lower interest rates. Nevertheless, net interest earnings exceeded expectations, supported by stable USD interest rates and higher balances.<\/li>\n<li>After adjusting for non-recurring items, operating expenses increased by \u20ac31 million (+3%) to \u20ac1,021 million. Cost mitigation measures continue to progress and helped offset inflationary impacts and increased wage-related costs.<\/li>\n<li>Inversis, in which Euroclear has held a 49% stake since <span class=\"xn-chron\">March 2025<\/span>, contributed \u20ac7 million to the share of results, outperforming expectations. Initial synergies were realised with Inversis transferring its international settlement and custody service to Euroclear Bank. As planned, Euroclear will acquire the remaining 51% in the coming years to accelerate the growth of its funds offering and expand its presence in <span class=\"xn-location\">Southern Europe<\/span>.<\/li>\n<li>As result of the positive operating leverage, business income operating margin continues to improve to 27.4% (+3.4% percentage points), reflecting continued growth in core activities and effective cost control.<\/li>\n<li>Resulting adjusted net profit remains stable at \u20ac878 million. Adjusted Earnings Per Share is \u20ac27.9<sup>1<\/sup>.<\/li>\n<li>Euroclear Group&#8217;s capital position remains very strong, comfortably above regulatory requirements with a Common Equity Tier 1 capital ratio of around 61%<sup>2<\/sup>.<\/li>\n<\/ul>\n<p>The impacts of the Russian sanctions are detailed in the last section of this press release.<\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2804442\/Euroclear_financial_performance_Q3_2025.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Euroclear financial performance Q3 2025\" src=\"https:\/\/mma.prnasia.com\/media2\/2804442\/Euroclear_financial_performance_Q3_2025.jpg?p=medium600\" alt=\"Euroclear financial performance Q3 2025\" align=\"middle\" \/><\/a>   <br \/>   <span>Euroclear financial performance Q3 2025<\/span>  <\/div>\n<p><b>Valerie\u00a0Urbain, Chief Executive Officer of Euroclear, commented: <\/b><\/p>\n<p><i>&#8220;Our performance demonstrates the continued strength and resilience of our business. We delivered solid growth in our core activities, with underlying business income up 7% year-on-year to \u20ac1.4 billion and our operating margin improving to 27.4%. In the nine first months of 2025, our systems seamlessly processed 267 million transactions worth over \u20ac1 quadrillion. This represents a year-on-year increase of 20% and a new record confirming Euroclear&#8217;s systemic role at the heart of the global capital markets. <\/i><\/p>\n<p><i>In <span class=\"xn-location\">Europe<\/span>, we <\/i><i>continue to implement our vision for a true Savings and Investments Union \u2013 one that delivers tangible benefits to issuers, investors and all users through<\/i><i>\u00a0deepening liquidity pools, ensuring systems are interoperable and asset classes are fungible. Euroclear&#8217;s plan is clear: providing a single point of access across all financial asset classes to the 27 Member States and the UK. This commitment <\/i><i>is supported by innovative projects to develop a modern and interconnected market infrastructure, most recently illustrated by our collaboration with Banque de <span class=\"xn-location\">France<\/span> to tokenise short-term debt (NEU CP) on our DLT platform.<\/i>\u00a0<\/p>\n<p><i>We are aware that the European Commission is working on a proposal to provide <span class=\"xn-location\">Ukraine<\/span> with a Reparations Loan. We expect to receive further information on the envisaged mechanism and will continue to engage with decision-makers.\u00a0Any proposal should respect international law and internationally accepted legal principles underpinning Western economies, and protect the interests of Euroclear and its stakeholders.&#8221;<\/i><\/p>\n<p><b>Business performance <\/b><\/p>\n<p>The key operating metrics (end of period unless stated otherwise) demonstrate an excellent business performance during the period.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prnpr10 prnpl2 prnvab prntal prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>End Q3 2024<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>End Q3 2025<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>YoY evolution<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>3-year CAGR<\/b><\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Assets under custody<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac40 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac42.5 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+5\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+7\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Number of transactions<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>243 million<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>267 million<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+10\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+5\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Turnover<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac850 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac1,008 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+19\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+8\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Fund assets under<br \/>custody<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac3.4 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac3.8 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+10\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+10\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Collateral Highway<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac1.9 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac2 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+5\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+2\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Underlying cash deposits<br \/>(YTD average)<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac22.4 billion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac<\/i><i>23.9<\/i><i> billion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+7\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>-2\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Strong market activity boosted\u00a0Euroclear&#8217;s operating metrics in the first nine months of 2025, with assets under custody exceeding \u20ac42 trillion for the first time, continuing twelve quarters of growth.<\/p>\n<p>Turnover rose nearly 20% from Q3 2024 to over \u20ac1 quadrillion by the end of <span class=\"xn-chron\">September 2025<\/span>, driven by solid growth in most European fixed income markets and Eurobonds, as well as increased settlement activity amid heightened market volatility and macroeconomic uncertainty.<\/p>\n<p>Funds depot reached a record \u20ac3.8 trillion, supported by the success of ETFs and strong stock valuations.<\/p>\n<p>Daily average outstanding amounts on the Collateral Highway, approx. \u20ac2 trillion, remain near peak levels thanks to higher OTCD and repo market activity.<\/p>\n<p><b>Recent business milestones<\/b><\/p>\n<p><i>Tokenising short-term debt in <span class=\"xn-location\">France<\/span> <\/i><\/p>\n<p>Building upon a robust legacy of innovation, Banque de <span class=\"xn-location\">France<\/span> and Euroclear have announced the launch of a project to tokenise Negotiable European Commercial Paper (NEU CP), with the objective of modernising short-term debt markets through distributed ledger technology (DLT). The pilot phase aims to implement an interconnected wholesale Central Bank Digital Currency (CBDC) leveraging the ECB&#8217;s TARGET services. Euroclear&#8217;s DLT-based platform will be designed with interoperability at its core, supporting seamless integration across financial infrastructures.<\/p>\n<p><i>Digitising the Eurobond market<\/i><\/p>\n<p>Euroclear Bank and Clearstream, the two International Central Securities Depositories (ICSDs), have announced the further digitisation of the Eurobond market, the world&#8217;s third-largest debt market with a current value of \u20ac14 trillion. As from 2026, the two ICSDs will support the issuance of Eurobonds in dematerialised form, eliminating the need for paper certificates and supporting the adoption of automation and new technologies across the entire Eurobond lifecycle. To further reduce fragmentation, the ICSDs have co-developed a new Issuance &amp; Processing Taxonomy as an industry-wide, technology-agnostic standard.<\/p>\n<p><i>Bank of <span class=\"xn-location\">China<\/span> (<span class=\"xn-location\">Hong Kong<\/span>) Limited joins Eurobond depository network<\/i><\/p>\n<p>The two International Central Securities Depositories have also appointed Bank of <span class=\"xn-location\">China<\/span> (<span class=\"xn-location\">Hong Kong<\/span>) Limited (BOCHK) as common depository, safekeeper and service provider for international securities, also known as Eurobonds. They act jointly as the central hub of ISIN allocation, issuance and deposit for Eurobonds. As a result, issuers benefit from greater investor reach by leveraging the ICSDs&#8217; international client bases and multi-currency model.\u00a0This move allows an even closer connection to the APAC issuance and investor communities for a more efficient servicing of the securities throughout their lifecycle.<\/p>\n<p><i>Freedom of choice for settlement in <span class=\"xn-location\">Belgium<\/span>, <span class=\"xn-location\">France<\/span> and <span class=\"xn-location\">the Netherlands<\/span><\/i><\/p>\n<p>Euroclear continues to defend open market access and client choice of settlement location in <span class=\"xn-location\">Europe<\/span>. Following Euronext&#8217;s unilateral decision to designate its own <span class=\"xn-location\">Milan<\/span>-based venue for the settlement of equity and ETF\/ETP trades for its exchanges in <span class=\"xn-location\">Amsterdam<\/span>, <span class=\"xn-location\">Brussels<\/span> and <span class=\"xn-location\">Paris<\/span> as from <span class=\"xn-chron\">September 2026<\/span>, Euroclear has applied as alternative CSD to allow clients to settle their trades as they do today. Euroclear is confident it is fulfilling the requirements to be a settlement venue for these markets.<\/p>\n<p><i>Expanding our funds ecosystem in the UK, <span class=\"xn-location\">France<\/span> and <span class=\"xn-location\">Portugal<\/span> <\/i><\/p>\n<p>In the past months, Euroclear has announced a number of significant funds-related partnerships:<\/p>\n<ul type=\"disc\">\n<li>Euroclear has entered a strategic agreement with Aegon UK, one of the leading retirement and investment providers in the <span class=\"xn-location\">United Kingdom<\/span>, to deliver its end-to-end funds distribution solution,\u00a0through\u00a0Euroclear FundsPlace\u00ae. Aegon UK will benefit from an integrated suite of services, enabling streamlined access to mutual funds through a single platform that covers distribution, order routing, settlement, asset servicing, and data services.<\/li>\n<li>Bourse Direct, a major French player in online brokerage, has become the first retail broker to establish a direct connection with Euroclear Bank, allowing it to streamline ETF settlement and offer its clients access to a wide range of ETFs, supported by Euroclear&#8217;s secure and efficient infrastructure.<\/li>\n<li><span class=\"xn-person\">Novo Banco<\/span>, <span class=\"xn-location\">Portugal&#8217;s<\/span> fourth-largest bank, has selected\u00a0<a href=\"https:\/\/www.euroclear.com\/services\/en\/funds.html\" target=\"_blank\" rel=\"nofollow\">Euroclear FundsPlace\u00ae<\/a>\u00a0as its exclusive provider for fund distribution services. Euroclear will manage platform services and automate trailer fee collection for <span class=\"xn-person\">Novo Banco&#8217;s<\/span> mutual fund depot. The move will reduce complexity, bring greater transparency and improve efficiency across the bank&#8217;s distribution model.<\/li>\n<\/ul>\n<p><b>Russian sanctions impacts<\/b><\/p>\n<p><b>F<\/b><b>inancial <\/b><b>impacts of the Russian assets <\/b><\/p>\n<ul type=\"disc\">\n<li><i>Interest <\/i>earnings from Russian sanctioned assets were \u20ac3.9 billion, a 25% year-on-year decrease due to gradual rate cuts. Future interest earnings will continue to evolve in line with future policy rates.<\/li>\n<li>As required by the EU windfall contribution regulation, Euroclear provisioned \u20ac2.6 billion as windfall contribution for YTD 2025, of which \u20ac1.6 billion has been paid to the European Commission in <span class=\"xn-chron\">July 2025<\/span>. A second payment for 2025 is expected in early 2026.<\/li>\n<li><i>The Russian sanctions and countermeasures resulted in direct costs of \u20ac82 million and a loss of business income of \u20ac25 million year-to-date.<\/i><\/li>\n<\/ul>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2804443\/Euroclear_Russian_sanctions_Q3_2025.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Euroclear Russian sanctions Q3 2025\" src=\"https:\/\/mma.prnasia.com\/media2\/2804443\/Euroclear_Russian_sanctions_Q3_2025.jpg?p=medium600\" alt=\"Euroclear Russian sanctions Q3 2025\" align=\"middle\" \/><\/a>   <br \/>   <span>Euroclear Russian sanctions Q3 2025<\/span>  <\/div>\n<p><i><b>Update on Russian sanctions and countermeasures<\/b><\/i><\/p>\n<p><span class=\"xn-location\">Russia&#8217;s<\/span> invasion of <span class=\"xn-location\">Ukraine<\/span> in <span class=\"xn-chron\">February 2022<\/span> resulted in market-wide application of international sanctions. Euroclear considers the application of international sanctions as a key obligation. Therefore, well established processes are in place which have allowed the group to implement the sanctions while maintaining our normal course of business.<\/p>\n<p>As a result of the sanctions, blocked coupon payments and\u00a0redemptions owed to sanctioned entities continue to accumulate on Euroclear Bank&#8217;s balance sheet. At the end of <span class=\"xn-chron\">September 2025<\/span>, Euroclear Bank&#8217;s balance sheet totalled \u20ac227 billion, of which \u20ac193 billion relate to sanctioned Russian assets.<\/p>\n<p>In line with\u00a0Euroclear&#8217;s risk appetite and policies and as expected by the EU Capital Requirements Regulation, Euroclear&#8217;s cash balances are re-invested to minimise risk and capital requirements.<\/p>\n<p>In <span class=\"xn-chron\">May 2024<\/span>, the European Commission has adopted a new regulation about a windfall contribution applicable to CSDs holding Russian Central Bank assets with a total value of more than \u20ac1 million. The profits generated by the reinvestment of\u00a0these\u00a0sanctioned amounts dating from <span class=\"xn-chron\">15 February 2024<\/span> onwards\u00a0are required to be contributed to the European Fund\u00a0for <span class=\"xn-location\">Ukraine<\/span>. To date, Euroclear contributed approx. \u20ac5 billion to the European Fund for <span class=\"xn-location\">Ukraine<\/span>.<\/p>\n<p>Euroclear continues to act prudently and\u00a0to strengthen its capital by retaining\u00a0the remainder of the Russian sanction related profits\u00a0as a buffer against current and future risks. Euroclear is focused on minimising potential legal, financial, and operational risks that may arise for itself and its clients, while complying with its obligations.<\/p>\n<p>As a direct consequence of the sanctions and countermeasures, Euroclear faces multiple proceedings in Russian courts. Since <span class=\"xn-location\">Russia<\/span> considers international sanctions against public order, Russian claimants initiated legal proceedings aiming mainly to access assets blocked in Euroclear Bank&#8217;s books, by claiming an equivalent amount in Russian Ruble and enforcing their claim in <span class=\"xn-location\">Russia<\/span>. Despite all legal actions taken by Euroclear and the considerable resources mobilised, the probability of unfavourable rulings in Russian courts is high since <span class=\"xn-location\">Russia<\/span> does not recognise the international sanctions.<\/p>\n<p><b>Annexes<\/b><\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2804440\/Euroclear_cash_balances_Q3_2025.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Euroclear cash balances Q3 2025\" src=\"https:\/\/mma.prnasia.com\/media2\/2804440\/Euroclear_cash_balances_Q3_2025.jpg?p=medium600\" alt=\"Euroclear cash balances Q3 2025\" align=\"middle\" \/><\/a>   <br \/>   <span>Euroclear cash balances Q3 2025<\/span>  <\/div>\n<p>Euroclear Bank and Euroclear Holding are the two group issuing entities. The Q3 2025 summary income statements and financial positions for both entities are shown below.<\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2804441\/Euroclear_income_statements_Q3_2025.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Euroclear income statements Q3 2025\" src=\"https:\/\/mma.prnasia.com\/media2\/2804441\/Euroclear_income_statements_Q3_2025.jpg?p=medium600\" alt=\"Euroclear income statements Q3 2025\" align=\"middle\" \/><\/a>   <br \/>   <span>Euroclear income statements Q3 2025<\/span>  <\/div>\n<p>Figures as of <span class=\"xn-chron\">30 September 2025<\/span><\/p>\n<p><b>About\u00a0Euroclear<\/b><br \/>Euroclear group is the financial industry&#8217;s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency, and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds. As a proven, resilient capital market infrastructure, Euroclear is 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 &amp; International.<\/p>\n<p><sup>1<\/sup> Post 10:1 share split as of <span class=\"xn-chron\">July 1, 2025<\/span><br \/><sup>2<\/sup> Based on estimated RWA of around \u20ac14.2 billion (of which around \u20ac6 billion of RWA are related to Russian assets) and CET1 capital of around \u20ac8.7 billion<\/p>\n<p>Contact: <span class=\"xn-person\">Pascal Brabant<\/span> \/ <a href=\"mailto:pascal.brabant@euroclear.com\" target=\"_blank\" rel=\"nofollow\">pascal.brabant@euroclear.com<\/a> \/ +32 475 78 36 62<\/p>\n<p>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2064818\/5420451\/Euroclear_logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">BRUSSELS<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 24, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Results for the first nine months of 2025<\/p>\n<p><b>Financial highlights\u00a0<\/b><\/p>\n<p>Record deposit levels, solid business performance and improved operating margin<\/p>\n<ul type=\"disc\">\n<li>In the first three quarters of 2025, Euroclear has achieved solid financial performance and demonstrated sustained growth in most business lines coupled with disciplined cost management.<\/li>\n<li>Underlying business income increased by 7% year-on-year to reach \u20ac1.4 billion, driven by record-high deposit levels, resilient settlement activity, strong ETF flows and solid international fixed income volumes.<\/li>\n<li>As anticipated, interest and banking income continues to decrease (-10%) to approx. \u20ac800 million, mainly due to lower interest rates. Nevertheless, net interest earnings exceeded expectations, supported by stable USD interest rates and higher balances.<\/li>\n<li>After adjusting for non-recurring items, operating expenses increased by \u20ac31 million (+3%) to \u20ac1,021 million. Cost mitigation measures continue to progress and helped offset inflationary impacts and increased wage-related costs.<\/li>\n<li>Inversis, in which Euroclear has held a 49% stake since <span class=\"xn-chron\">March 2025<\/span>, contributed \u20ac7 million to the share of results, outperforming expectations. Initial synergies were realised with Inversis transferring its international settlement and custody service to Euroclear Bank. As planned, Euroclear will acquire the remaining 51% in the coming years to accelerate the growth of its funds offering and expand its presence in <span class=\"xn-location\">Southern Europe<\/span>.<\/li>\n<li>As result of the positive operating leverage, business income operating margin continues to improve to 27.4% (+3.4% percentage points), reflecting continued growth in core activities and effective cost control.<\/li>\n<li>Resulting adjusted net profit remains stable at \u20ac878 million. Adjusted Earnings Per Share is \u20ac27.9<sup>1<\/sup>.<\/li>\n<li>Euroclear Group&#8217;s capital position remains very strong, comfortably above regulatory requirements with a Common Equity Tier 1 capital ratio of around 61%<sup>2<\/sup>.<\/li>\n<\/ul>\n<p>The impacts of the Russian sanctions are detailed in the last section of this press release.<\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2804442\/Euroclear_financial_performance_Q3_2025.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Euroclear financial performance Q3 2025\" src=\"https:\/\/mma.prnasia.com\/media2\/2804442\/Euroclear_financial_performance_Q3_2025.jpg?p=medium600\" alt=\"Euroclear financial performance Q3 2025\" align=\"middle\" \/><\/a>   <br \/>   <span>Euroclear financial performance Q3 2025<\/span>  <\/div>\n<p><b>Valerie\u00a0Urbain, Chief Executive Officer of Euroclear, commented: <\/b><\/p>\n<p><i>&#8220;Our performance demonstrates the continued strength and resilience of our business. We delivered solid growth in our core activities, with underlying business income up 7% year-on-year to \u20ac1.4 billion and our operating margin improving to 27.4%. In the nine first months of 2025, our systems seamlessly processed 267 million transactions worth over \u20ac1 quadrillion. This represents a year-on-year increase of 20% and a new record confirming Euroclear&#8217;s systemic role at the heart of the global capital markets. <\/i><\/p>\n<p><i>In <span class=\"xn-location\">Europe<\/span>, we <\/i><i>continue to implement our vision for a true Savings and Investments Union \u2013 one that delivers tangible benefits to issuers, investors and all users through<\/i><i>\u00a0deepening liquidity pools, ensuring systems are interoperable and asset classes are fungible. Euroclear&#8217;s plan is clear: providing a single point of access across all financial asset classes to the 27 Member States and the UK. This commitment <\/i><i>is supported by innovative projects to develop a modern and interconnected market infrastructure, most recently illustrated by our collaboration with Banque de <span class=\"xn-location\">France<\/span> to tokenise short-term debt (NEU CP) on our DLT platform.<\/i>\u00a0<\/p>\n<p><i>We are aware that the European Commission is working on a proposal to provide <span class=\"xn-location\">Ukraine<\/span> with a Reparations Loan. We expect to receive further information on the envisaged mechanism and will continue to engage with decision-makers.\u00a0Any proposal should respect international law and internationally accepted legal principles underpinning Western economies, and protect the interests of Euroclear and its stakeholders.&#8221;<\/i><\/p>\n<p><b>Business performance <\/b><\/p>\n<p>The key operating metrics (end of period unless stated otherwise) demonstrate an excellent business performance during the period.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prnpr10 prnpl2 prnvab prntal prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>End Q3 2024<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>End Q3 2025<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>YoY evolution<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>3-year CAGR<\/b><\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Assets under custody<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac40 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac42.5 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+5\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+7\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Number of transactions<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>243 million<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>267 million<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+10\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+5\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Turnover<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac850 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac1,008 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+19\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+8\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Fund assets under<br \/>custody<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac3.4 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac3.8 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+10\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+10\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Collateral Highway<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac1.9 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac2 trillion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+5\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+2\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><b>Underlying cash deposits<br \/>(YTD average)<\/b><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac22.4 billion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u20ac<\/i><i>23.9<\/i><i> billion<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>+7\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>-2\u00a0%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Strong market activity boosted\u00a0Euroclear&#8217;s operating metrics in the first nine months of 2025, with assets under custody exceeding \u20ac42 trillion for the first time, continuing twelve quarters of growth.<\/p>\n<p>Turnover rose nearly 20% from Q3 2024 to over \u20ac1 quadrillion by the end of <span class=\"xn-chron\">September 2025<\/span>, driven by solid growth in most European fixed income markets and Eurobonds, as well as increased settlement activity amid heightened market volatility and macroeconomic uncertainty.<\/p>\n<p>Funds depot reached a record \u20ac3.8 trillion, supported by the success of ETFs and strong stock valuations.<\/p>\n<p>Daily average outstanding amounts on the Collateral Highway, approx. \u20ac2 trillion, remain near peak levels thanks to higher OTCD and repo market activity.<\/p>\n<p><b>Recent business milestones<\/b><\/p>\n<p><i>Tokenising short-term debt in <span class=\"xn-location\">France<\/span> <\/i><\/p>\n<p>Building upon a robust legacy of innovation, Banque de <span class=\"xn-location\">France<\/span> and Euroclear have announced the launch of a project to tokenise Negotiable European Commercial Paper (NEU CP), with the objective of modernising short-term debt markets through distributed ledger technology (DLT). The pilot phase aims to implement an interconnected wholesale Central Bank Digital Currency (CBDC) leveraging the ECB&#8217;s TARGET services. Euroclear&#8217;s DLT-based platform will be designed with interoperability at its core, supporting seamless integration across financial infrastructures.<\/p>\n<p><i>Digitising the Eurobond market<\/i><\/p>\n<p>Euroclear Bank and Clearstream, the two International Central Securities Depositories (ICSDs), have announced the further digitisation of the Eurobond market, the world&#8217;s third-largest debt market with a current value of \u20ac14 trillion. As from 2026, the two ICSDs will support the issuance of Eurobonds in dematerialised form, eliminating the need for paper certificates and supporting the adoption of automation and new technologies across the entire Eurobond lifecycle. To further reduce fragmentation, the ICSDs have co-developed a new Issuance &amp; Processing Taxonomy as an industry-wide, technology-agnostic standard.<\/p>\n<p><i>Bank of <span class=\"xn-location\">China<\/span> (<span class=\"xn-location\">Hong Kong<\/span>) Limited joins Eurobond depository network<\/i><\/p>\n<p>The two International Central Securities Depositories have also appointed Bank of <span class=\"xn-location\">China<\/span> (<span class=\"xn-location\">Hong Kong<\/span>) Limited (BOCHK) as common depository, safekeeper and service provider for international securities, also known as Eurobonds. They act jointly as the central hub of ISIN allocation, issuance and deposit for Eurobonds. As a result, issuers benefit from greater investor reach by leveraging the ICSDs&#8217; international client bases and multi-currency model.\u00a0This move allows an even closer connection to the APAC issuance and investor communities for a more efficient servicing of the securities throughout their lifecycle.<\/p>\n<p><i>Freedom of choice for settlement in <span class=\"xn-location\">Belgium<\/span>, <span class=\"xn-location\">France<\/span> and <span class=\"xn-location\">the Netherlands<\/span><\/i><\/p>\n<p>Euroclear continues to defend open market access and client choice of settlement location in <span class=\"xn-location\">Europe<\/span>. Following Euronext&#8217;s unilateral decision to designate its own <span class=\"xn-location\">Milan<\/span>-based venue for the settlement of equity and ETF\/ETP trades for its exchanges in <span class=\"xn-location\">Amsterdam<\/span>, <span class=\"xn-location\">Brussels<\/span> and <span class=\"xn-location\">Paris<\/span> as from <span class=\"xn-chron\">September 2026<\/span>, Euroclear has applied as alternative CSD to allow clients to settle their trades as they do today. Euroclear is confident it is fulfilling the requirements to be a settlement venue for these markets.<\/p>\n<p><i>Expanding our funds ecosystem in the UK, <span class=\"xn-location\">France<\/span> and <span class=\"xn-location\">Portugal<\/span> <\/i><\/p>\n<p>In the past months, Euroclear has announced a number of significant funds-related partnerships:<\/p>\n<ul type=\"disc\">\n<li>Euroclear has entered a strategic agreement with Aegon UK, one of the leading retirement and investment providers in the <span class=\"xn-location\">United Kingdom<\/span>, to deliver its end-to-end funds distribution solution,\u00a0through\u00a0Euroclear FundsPlace\u00ae. Aegon UK will benefit from an integrated suite of services, enabling streamlined access to mutual funds through a single platform that covers distribution, order routing, settlement, asset servicing, and data services.<\/li>\n<li>Bourse Direct, a major French player in online brokerage, has become the first retail broker to establish a direct connection with Euroclear Bank, allowing it to streamline ETF settlement and offer its clients access to a wide range of ETFs, supported by Euroclear&#8217;s secure and efficient infrastructure.<\/li>\n<li><span class=\"xn-person\">Novo Banco<\/span>, <span class=\"xn-location\">Portugal&#8217;s<\/span> fourth-largest bank, has selected\u00a0<a href=\"https:\/\/www.euroclear.com\/services\/en\/funds.html\" target=\"_blank\" rel=\"nofollow\">Euroclear FundsPlace\u00ae<\/a>\u00a0as its exclusive provider for fund distribution services. Euroclear will manage platform services and automate trailer fee collection for <span class=\"xn-person\">Novo Banco&#8217;s<\/span> mutual fund depot. The move will reduce complexity, bring greater transparency and improve efficiency across the bank&#8217;s distribution model.<\/li>\n<\/ul>\n<p><b>Russian sanctions impacts<\/b><\/p>\n<p><b>F<\/b><b>inancial <\/b><b>impacts of the Russian assets <\/b><\/p>\n<ul type=\"disc\">\n<li><i>Interest <\/i>earnings from Russian sanctioned assets were \u20ac3.9 billion, a 25% year-on-year decrease due to gradual rate cuts. Future interest earnings will continue to evolve in line with future policy rates.<\/li>\n<li>As required by the EU windfall contribution regulation, Euroclear provisioned \u20ac2.6 billion as windfall contribution for YTD 2025, of which \u20ac1.6 billion has been paid to the European Commission in <span class=\"xn-chron\">July 2025<\/span>. A second payment for 2025 is expected in early 2026.<\/li>\n<li><i>The Russian sanctions and countermeasures resulted in direct costs of \u20ac82 million and a loss of business income of \u20ac25 million year-to-date.<\/i><\/li>\n<\/ul>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2804443\/Euroclear_Russian_sanctions_Q3_2025.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Euroclear Russian sanctions Q3 2025\" src=\"https:\/\/mma.prnasia.com\/media2\/2804443\/Euroclear_Russian_sanctions_Q3_2025.jpg?p=medium600\" alt=\"Euroclear Russian sanctions Q3 2025\" align=\"middle\" \/><\/a>   <br \/>   <span>Euroclear Russian sanctions Q3 2025<\/span>  <\/div>\n<p><i><b>Update on Russian sanctions and countermeasures<\/b><\/i><\/p>\n<p><span class=\"xn-location\">Russia&#8217;s<\/span> invasion of <span class=\"xn-location\">Ukraine<\/span> in <span class=\"xn-chron\">February 2022<\/span> resulted in market-wide application of international sanctions. Euroclear considers the application of international sanctions as a key obligation. Therefore, well established processes are in place which have allowed the group to implement the sanctions while maintaining our normal course of business.<\/p>\n<p>As a result of the sanctions, blocked coupon payments and\u00a0redemptions owed to sanctioned entities continue to accumulate on Euroclear Bank&#8217;s balance sheet. At the end of <span class=\"xn-chron\">September 2025<\/span>, Euroclear Bank&#8217;s balance sheet totalled \u20ac227 billion, of which \u20ac193 billion relate to sanctioned Russian assets.<\/p>\n<p>In line with\u00a0Euroclear&#8217;s risk appetite and policies and as expected by the EU Capital Requirements Regulation, Euroclear&#8217;s cash balances are re-invested to minimise risk and capital requirements.<\/p>\n<p>In <span class=\"xn-chron\">May 2024<\/span>, the European Commission has adopted a new regulation about a windfall contribution applicable to CSDs holding Russian Central Bank assets with a total value of more than \u20ac1 million. The profits generated by the reinvestment of\u00a0these\u00a0sanctioned amounts dating from <span class=\"xn-chron\">15 February 2024<\/span> onwards\u00a0are required to be contributed to the European Fund\u00a0for <span class=\"xn-location\">Ukraine<\/span>. To date, Euroclear contributed approx. \u20ac5 billion to the European Fund for <span class=\"xn-location\">Ukraine<\/span>.<\/p>\n<p>Euroclear continues to act prudently and\u00a0to strengthen its capital by retaining\u00a0the remainder of the Russian sanction related profits\u00a0as a buffer against current and future risks. Euroclear is focused on minimising potential legal, financial, and operational risks that may arise for itself and its clients, while complying with its obligations.<\/p>\n<p>As a direct consequence of the sanctions and countermeasures, Euroclear faces multiple proceedings in Russian courts. Since <span class=\"xn-location\">Russia<\/span> considers international sanctions against public order, Russian claimants initiated legal proceedings aiming mainly to access assets blocked in Euroclear Bank&#8217;s books, by claiming an equivalent amount in Russian Ruble and enforcing their claim in <span class=\"xn-location\">Russia<\/span>. Despite all legal actions taken by Euroclear and the considerable resources mobilised, the probability of unfavourable rulings in Russian courts is high since <span class=\"xn-location\">Russia<\/span> does not recognise the international sanctions.<\/p>\n<p><b>Annexes<\/b><\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2804440\/Euroclear_cash_balances_Q3_2025.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Euroclear cash balances Q3 2025\" src=\"https:\/\/mma.prnasia.com\/media2\/2804440\/Euroclear_cash_balances_Q3_2025.jpg?p=medium600\" alt=\"Euroclear cash balances Q3 2025\" align=\"middle\" \/><\/a>   <br \/>   <span>Euroclear cash balances Q3 2025<\/span>  <\/div>\n<p>Euroclear Bank and Euroclear Holding are the two group issuing entities. The Q3 2025 summary income statements and financial positions for both entities are shown below.<\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2804441\/Euroclear_income_statements_Q3_2025.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Euroclear income statements Q3 2025\" src=\"https:\/\/mma.prnasia.com\/media2\/2804441\/Euroclear_income_statements_Q3_2025.jpg?p=medium600\" alt=\"Euroclear income statements Q3 2025\" align=\"middle\" \/><\/a>   <br \/>   <span>Euroclear income statements Q3 2025<\/span>  <\/div>\n<p>Figures as of <span class=\"xn-chron\">30 September 2025<\/span><\/p>\n<p><b>About\u00a0Euroclear<\/b><br \/>Euroclear group is the financial industry&#8217;s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency, and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds. As a proven, resilient capital market infrastructure, Euroclear is 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 &amp; International.<\/p>\n<p><sup>1<\/sup> Post 10:1 share split as of <span class=\"xn-chron\">July 1, 2025<\/span><br \/><sup>2<\/sup> Based on estimated RWA of around \u20ac14.2 billion (of which around \u20ac6 billion of RWA are related to Russian assets) and CET1 capital of around \u20ac8.7 billion<\/p>\n<p>Contact: <span class=\"xn-person\">Pascal Brabant<\/span> \/ <a href=\"mailto:pascal.brabant@euroclear.com\" target=\"_blank\" rel=\"nofollow\">pascal.brabant@euroclear.com<\/a> \/ +32 475 78 36 62<\/p>\n<p>\u00a0<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-36884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/36884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36884"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/36884\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}