(Información remitida por la empresa firmante)
Euroclear marked a pivotal step in its commitment to social impact with the recent launch of the Euroclear Foundation. Dedicated to improving life chances for underserved, marginalised, and at-risk youth, the Foundation will enable better access to resources, skills, support networks, and opportunities for fuller participation in society. In addition, it will provide capacity-building support to nonprofits with bold ambitions for change. Russian sanctions impacts
Financial impacts of the Russian assets
Interest earnings from Russian sanctioned assets were €2.7 billion, a 21% decrease from H1 2024 due to gradual rate cuts. Future interest earnings will continue to evolve in line with future policy rates.
As required by the EU windfall contribution regulation, Euroclear provisioned €1.8 billion as windfall contribution for H1 2025, of which €1.6 billion will be paid to the European Commission in July 2025.
The Russian sanctions and countermeasures resulted in direct costs of €52 million and a loss of business income of €16 million.
Photo – https://mma.prnewswire.com/media/2733522/Euroclear_H1_2025_Results_2.jpg
Update on Russian sanctions and countermeasures
Russia’s invasion of Ukraine in February 2022 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.
As a result of the sanctions, blocked coupon payments and redemptions owed to sanctioned entities continue to accumulate on Euroclear Bank’s balance sheet. At the end of June 2025, Euroclear Bank’s balance sheet totalled €229 billion, of which €194 billion relate to sanctioned Russian assets.
In line with Euroclear’s risk appetite and policies and as expected by the EU Capital Requirements Regulation, Euroclear’s cash balances are re-invested to minimise risk and capital requirements. In the first half of 2025, interest arising on cash balances from Russian-sanctioned assets was approximately €2.7 billion.
Euroclear continues to act prudently and to strengthen its capital by retaining the remainder of the Russian sanction related profits as 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.
As a direct consequence of the sanctions and countermeasures, Euroclear faces multiple proceedings in Russian courts. Since Russia considers international sanctions against public order, Russian claimants initiated legal proceedings aiming mainly to access assets blocked in Euroclear Bank’s books, by claiming an equivalent amount in Russian Ruble and enforcing their claim in Russia. Despite all legal actions taken by Euroclear and the considerable resources mobilised, the probability of unfavourable rulings in Russian courts is high since Russia does not recognise the international sanctions.
Annexes
Cash balances related to Russian sanctions
Photo — https://mma.prnewswire.com/media/2733521/Euroclear_H1_2025_Results_3.jpg
Business as usual cash balances
Photo — https://mma.prnewswire.com/media/2733520/Euroclear_H1_2025_Results_4.jpg
Euroclear Bank and Euroclear Holding are the two group issuing entities. The Q2 2025 summary income statements and financial positions for both entities are shown below.
Photo – https://mma.prnewswire.com/media/2733519/Euroclear_H1_2025_Results_5.jpg
Photo — https://mma.prnewswire.com/media/2733518/Euroclear_H1_2025_Results_6.jpg
About Euroclear
Euroclear group is the financial industry’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 & International.
1 Excluding Russian sanctions impacts
2 Non–recurring items include transformation costs (provision for early retirement plan and spend effectiveness programme), acquisition and disposal related costs (Inversis, MFEX), donation to Euroclear Foundation.
3 Pre 10:1 share split as of July 1, 2025
4 Based on estimated RWA of around €14.3 billion (of which around €6.1 billion of RWA are related to Russian assets) and CET1 capital of around €8.7 billion
Contact:
Pascal Brabant,
pascal.brabant@euroclear.com,
+32 475 78 36 62
Photo — https://mma.prnewswire.com/media/2733523/Euroclear_H1_2025_Results_1.jpg
Photo — https://mma.prnewswire.com/media/2733522/Euroclear_H1_2025_Results_2.jpg
Photo — https://mma.prnewswire.com/media/2733521/Euroclear_H1_2025_Results_3.jpg
Photo — https://mma.prnewswire.com/media/2733520/Euroclear_H1_2025_Results_4.jpg
Photo — https://mma.prnewswire.com/media/2733519/Euroclear_H1_2025_Results_5.jpg
Photo — https://mma.prnewswire.com/media/2733518/Euroclear_H1_2025_Results_6.jpg
Logo — https://mma.prnewswire.com/media/2064818/Euroclear_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/euroclear-reports-robust-h1-2025-results-302508195.html
