Trade Cembra Money Bank AG - CMBN CFD

CMBN Company profile

About Cembra Money Bank AG

Cembra Money Bank AG, formerly known as GE Money Bank AG, is a Switzerland-based consumer finance bank. It operates through a domestic distribution and sourcing network that includes approximately 25 branches, as well as 200 agents, 3000 auto dealers, credit card partner agreements and online channels. Its offering is diversified into loans, credit cards, leasing, insurance and savings. The loans business focuses on the provision of personal loans. The credit card business engages credit card provision. The leasing business provides leasing services, including automobile, motorcycle and caravan leasing, among others. The insurance business provides insurance solutions, including payment insurance and credit card insurance. The savings business provides saving solutions, including deposit accounts and investment instruments.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Cembra Money Bank AG interest income decreased 5% to SF382.7M. Net interest income after loan loss provision decreased 1% to SF316.4M. Net income applicable to common stockholders increased 6% to SF161.5M. Net interest income after loan loss provision reflects Banking Activities segment decrease of 1% to SF316.4M, Net Interest Margin, Total - % decrease of 2% to 5.6%.