Cembra Money Bank tracks best day in a year after FY results, dividends

Cembra Money Bank AG

20/02/2025 08:58

** Shares in Swiss Cembra Money Bank  CMBN.S  rise 6.5%
after it reported in-line FY results and proposed dividend above
last year's level
    ** The company's net income came in at 170.4 million Swiss
francs ($188.85 million), up 8% from 158 million Swiss francs a
year earlier
    ** It expects FY 2025 net revenues to grow at least in line
with Swiss GDP and an increase in net income with a ROE of
14-15% for 2025, confirms FY targets for 2026
    ** "Solid FY results, in line with our estimates, with
higher net interest income partially offset by higher
provisions," Vontobel says, adding that 2025 guidance came in
line with its estimates as well
    ** Cembra Money Bank said will propose a dividend of 4.25
Swiss francs per share, compared to 4.0 francs last year
    ** The stock is on track for its best day since February
2024, if gains hold, and among the best performers of the
pan-European STOXX 600  .STOXX  index


($1 = 0.9023 Swiss francs)

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))