Brief: Cembra Money Bank H1 Net Income Of CHF 74.1 Million, -6%

Cembra Money Bank AG

23/07/2020 06:08

July 23 (Reuters) - Cembra Money Bank AG  CMBN.S :
    * H1 NET INCOME OF CHF 74.1 MILLION (-6%)
    * H1 22% INCREASE IN INTEREST INCOME DRIVEN BY ACQUISITION
OF
CASHGATE, AND 11% DECREASE IN COMMISSION AND FEE INCOME
    * CEMBRA EXPECTS ITS BUSINESS PERFORMANCE TO BE RESILIENT
OVERALL
IN 2020
    * H1 TOTAL NET REVENUES ROSE BY 12% TO CHF 249.3 MILLION.
    * CEMBRA EXPECTS A SOLID LOSS PERFORMANCE FOR FULL YEAR 2020

Source text for Eikon:  ID:nTENx027na 
Further company coverage:  CMBN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))