Cembra Announces Strong Annual Performance

• Cembra Money Bank AG reported a net income of CHF 158.0 million for 2023, a 7% decrease from the previous year, but net income in the second half of 2023 was up 5% year on year.
• The bank's net financing receivables and net revenues increased by 3% and 1% respectively, with a 10% increase in fee income.
• The bank's return on equity was 12.5%, with a Tier 1 capital ratio of 17.2%.
• The board of directors proposed a dividend increase to CHF 4.00 per share.
• Cembra made further progress in its strategic transformation, aiming to deliver mid-term targets by 2026.
• The bank expects an increase in net income with a return on equity of 13–14% in 2024.

The next important date, Quarterly report, at Cembra Money Bank Namen.Akt. is on 22.02.2024.

Cembra Money Bank Namen.Akt.

+1,15 %

+3,46 %

+3,18 %

-6,21 %

+7,71 %

-20,04 %

-6,82 %

+63,23 %

ISIN:CH0225173167WKN:A1W65V

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