Euroclear Bank

Euroclear Bank provides settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives and investment funds. Euroclear Bank offers its clients a single access point to post-trade services covering domestic securities from over 40 markets.

Financials

Total Assets (2017)
19 412.51 mln EUR  (-3.55%)

Euroclear Bank is the 11th largest bank in Belgium in terms of total assets. In 2017 its total assets were 19 412,51 mln EUR, providing the bank with the market share of 1.72%.

Euroclear Bank is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA+ (very high credit quality).

Euroclear Bank participates in deposit guarantee scheme of Belgium. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Boulevard du Roi Albert II 1, 1210, Bruxelles, Belgium

Euroclear Bank is headquartered in Bruxelles.

Bank Identifiers

BIC (SWIFT)
MGTCBEBE
MFI ID
BE0429875591

Financial Positions

Total Assets (2017)
19 412.51 mln EUR  (-3.55%)

In 2017 total assets of Euroclear Bank were 19 412.51 mln EUR. Decline compared to the previous period (2016) was -3.55%. The evolution of the total assets of Euroclear Bank is shown at Chart 1 below.

Total Assets of Euroclear Bank.

Chart 1. Total Assets of Euroclear Bank.

Recent changes in total assets of Euroclear Bank and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 0.0 0.1
Loans to banks 13 982.9 11 660.6 -16.61%
Loans to customers 6 548.3 3 349.4 -48.85%
Total Assets 20 127.6 19 412.5 -3.55%
Table 1. Recent changes in total assets of Euroclear Bank (mln EUR).

Recent changes in total liabilities of Euroclear Bank and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 13 896.6 13 788.2 -0.78%
Customer deposits 3 623.2 4 415.6 +21.87%
Total Liabilities 20 127.6 19 412.5 -3.55%
Table 2. Recent changes in total liabilities of Euroclear Bank (mln EUR).

Market Share and Rank (among banks in Belgium)

Total Assets (2017)
11th (market share 1.72%)

In 2017 Euroclear Bank was ranked the 11th largest bank in Belgium in terms of total assets, having 1.72% of the domestic market share.

Market share of Euroclear Bank (among banks in Belgium)

Chart 2. Market share of Euroclear Bank (among banks in Belgium)

Several banks having the market shares and ranks closest to Euroclear Bank are shown below.

RankNameTotal AssetsMarket Share
10 Crelan SA19973.10 mln EUR1.77%
11 Euroclear Bank19412.51 mln EUR1.72%
12 Record Banque SA (closed)18978.49 mln EUR1.68%
 

Credit Ratings (as of May 2018)

Fitch Moody's
AA+ (very high credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Euroclear Bank is rated by Fitch.

Credit ratings assigned to Euroclear Bank as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Euroclear Bank it is set to AA+ (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Euroclear Bank is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AA+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  aa+
Support Rating  1
Support Rating Floor  A-

Viability rating for Euroclear Bank is set to aa+ (very high fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is A- (high credit quality).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Belgium are obliged to participate in Belgian deposit guarantee scheme.

In the case of Euroclear Bank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  time deposit, sight and savings accounts
Covered Currencies  EEA currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Euroclear Bank and its components are shown in the table below.

BIC  MGTCBEBE
Bank BIC Code  MGTC
Country Code  BE (Belgium)
Location Code  BE
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Euroclear Bank is shown in the table below.

MFI ID  BE0429875591

European Presence: 2 banks in 2 countries

Euroclear Bank operates under the brand of the same name (Euroclear Bank) which has presence in the following European countries and selected dependent territories of the European countries:

Belgium

  •  (this bank) Euroclear Bank (Bruxelles)

Poland