Brief: Cembra: H1 Revenue Up At CHF 250 Mln

Cembra Money Bank AG

21/07/2022 05:36

July 21 (Reuters) - CEMBRA MONEY BANK AG  CMBN.S :
    * REPORTS STRONG HALF-YEAR RESULTS, WITH NET INCOME UP 15%
    * HALF YEAR REVENUE ROSE 6 PERCENT TO 250 MILLION CHF
    * HALF YEAR NET PROFIT ROSE 15 PERCENT TO 90.6 MILLION CHF
    * HALF YEAR EPS 3.09 CHF
    * OUTLOOK CONFIRMED: RESILIENT BUSINESS PERFORMANCE EXPECTED
FOR
2022, WITH A RETURN ON EQUITY OF 13-14%
    * H1 COST/INCOME RATIO OF 48.8% MAINLY DRIVEN BY INCREASED
REVENUES, AND A CONTINUED EXCELLENT LOSS PERFORMANCE, WITH A
LOSS RATE AT 0.5%
    * H1 RETURN ON EQUITY AT 15.3%, WITH TIER 1 CAPITAL RATIO OF
18.8%
    * H1 NET REVENUES INCREASED BY 6%, AND COMMISSION AND FEE
INCOME
WAS UP BY 27%
    * H1 LOSS PERFORMANCE WAS VERY STRONG AT 0.5%

Source text for Eikon:  ID:nEQ3tByTCa 
Further company coverage:  CMBN.S 

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