Brief: Cembra Money Bank AG - FY Net Interest Income CHF 356.2 Million

Cembra Money Bank AG

15/03/2023 06:08

Cembra Money Bank AG  CMBN.S :
    * CEMBRA MONEY BANK AG - FY NET INTEREST INCOME CHF 356.2
MILLION
    * CEMBRA MONEY BANK AG - FY NET INCOME CHF 169.3 MILLION
    * CEMBRA MONEY BANK AG - FY TOTAL OPERATING EXPENSES CHF
–257.5
MILLION
    * CEMBRA MONEY BANK AG - BOARD OF DIRECTORS WILL PROPOSE A
CHF
3.95 DIVIDEND PER SHARE (A 68% PAYOUT RATIO) AT THE NEXT GENERAL
MEETING ON 21 APRIL 2023 TRANSLATING INTO A 3%, OR CHF 0.10,
INCREASE COMPARED TO LAST YEAR
    * CEMBRA MONEY BANK AG - EXPECTS TO DELIVER A RESILIENT
BUSINESS
PERFORMANCE IN 2023, WITH NET REVENUES TO DEVELOP AT LEAST IN
LINE WITH SWISS GDP AND A CONTINUED SOLID LOSS PERFORMANCE
    * CEMBRA MONEY BANK AG -  REITERATES ITS ROE TARGET OF
13–14% FOR
2023 AND CONFIRMS ITS MID-TERM TARGETS
    * CEMBRA MONEY BANK AG - TOTAL NET FINANCING RECEIVABLES AT
31
DECEMBER 2022 AMOUNTED TO CHF 6.5 BILLION, AN INCREASE OF 5%
COMPARED WITH 31 DECEMBER 2021
    * CEMBRA MONEY BANK AG - TOTAL NET REVENUES INCREASED BY 4%
TO CHF
508.9 MILLION IN 2022

Source text for Eikon:  ID:nEQ8zprWRa 
Further company coverage:  CMBN.S