The company noted that the cash on the balance sheet has increased by €72 billion YoY as blocked coupon payments and redemptions accumulate. Euroclear also earned €110 million as interest income from frozen Russian assets in the first half of the year.
Lieve Mostrey, Chief Executive Officer, said:
Lieve Mostrey
We delivered a strong performance across the business and saw an increase in interest earnings due to higher interest rates and accumulated cash balances as a consequence of frozen assets due to the Russian sanctions.
Euroclear also reported a 40% increase in earnings per share to €111.7 per share.
Mostrey added:
As we look forward, we see opportunities to further enhance our client offerings, such as through innovative data-enabled services and connecting to global markets, while meeting our responsibilities as a financial market infrastructure to support sustainable economic growth.
Earlier this year, Euroclear announced investment in international consortium of global banks and financial market infrastructures, Fnality.
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