Brief: Cembra Money Bank AG Confirms Outlook For 2024

Cembra Money Bank AG

24/07/2024 05:43

July 24 (Reuters) - CEMBRA MONEY BANK AG  CMBN.S :
    * NET REVENUES UP 6% TO CHF 268.0 MILLION, NET FINANCING
RECEIVABLES UP 2% TO CHF 6.8 BILLION
    * COST/INCOME RATIO DOWN TO 50.4% (H1 2023: 53.2%)
    * OUTLOOK FOR FINANCIAL YEAR 2024 AND MID-TERM TARGETS
CONFIRMED
    * RETURN ON EQUITY AT 12.7%, WITH TIER 1 CAPITAL RATIO OF
17.1%
    * TOTAL OPERATING EXPENSES REMAINED STABLE AT CHF 135.2
MILLION
(H1 2023: 134.5 MILLION)
    * LOSS RATE CONTINUED TO NORMALISE IN REPORTING PERIOD AND
CAME IN
AT 1.0% IN LINE WITH TARGET
    * CEMBRA'S NET INCOME INCREASED BY 4% TO CHF 78.3 MILLION,
OR CHF
2.67 PER SHARE

Source text for Eikon:  ID:nEQ78vPGwa 
Further company coverage:  CMBN.S 

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