Brief: Cembra Sees Return On Equity Of 13-14% IN 2024

Cembra Money Bank AG

22/02/2024 06:05

Feb 22 (Reuters) - CEMBRA MONEY BANK AG  CMBN.S :
    * REPORTS SOLID FULL-YEAR RESULTS
    * DIVIDEND INCREASE TO CHF 4.00 PER SHARE PROPOSED
    * OUTLOOK: INCREASE IN NET INCOME WITH RETURN ON EQUITY OF
13-14%
IN 2024
    * NET INTEREST INCOME DECLINED BY 3% TO CHF 347.2 MILLION
(2022:
CHF 356.2 MILLION)
    * CEMBRA EXPECTS COST/INCOME RATIO TO DECLINE IN LINE WITH
ITS
STRATEGIC PLAN FOR PERIOD UP TO 2026
    * OUTLOOK 2024: EXPECTS NET REVENUES TO MODERATELY OUTPACE
SWISS
GDP GROWTH, ALONG WITH A CONTINUED ROBUST LOSS PERFORMANCE AND A
COST/INCOME RATIO BELOW 49%

Source text for Eikon:  ID:nEQ5tWdvka 
Further company coverage:  CMBN.S 

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