Euroclear Reports 25% Jump in Net Profit for Q3 2022

Post trade services provider Euroclear has released an update on its performance for the third quarter of 2022, revealing a strong performance in its underlying business.

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During the period, Euroclear's adjusted net profit came in at EUR 426 million, representing a 25% jump. Business income increased by 7% to EUR 1,208 million. Interest, banking and other income stood at EUR 182 million, which is a 179% increase. Operating Expenses was EUR 811 million, representing a 12% jump on a yearly basis.

According to the company, it will increase its focus on ESG, data-driven and digital innovations to expand its global reach. The enhancement of its offering in sustainable finance through an investment in Impact Cubed, a leading provider of ESG tech-enabled analytics and data science solutions, was said to be an illustration of the strategic focus.  

In the first half of 2022, Euroclear also revealed a strong performance with a 42% jump in its net profit​.