Cembra Money Bank AG/€CMBN

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About Cembra Money Bank AG

Cembra Money Bank AG is a Swiss financial institution specializing in consumer finance. Its core business includes offering personal loans, auto leases and loans, as well as credit cards, primarily targeting individual consumers. The company also provides financing services to small and medium-sized enterprises. Headquartered in Zurich, Switzerland, Cembra operates throughout the country, leveraging a network of branches and digital platforms to serve customers. The bank's strategic positioning is strengthened by its strong brand recognition in Switzerland and its focus on risk management and customer service. Cembra Money Bank AG was established in 2005, following the separation from GE Money Bank.
Ticker
€CMBN
Sector
Finance
Primary listing
XGAT
Employees
744
Headquarters
Zurich, Switzerland
Website
www.cembra.ch

CMBN Metrics

BasicAdvanced
€2.7B
13.85
€6.64
0.19
€6.11
5.45%

Bulls say / Bears say

Cembra’s first-half net income rose 6% to CHF 92.3 million as operating expenses fell 9%, taking the cost/income ratio to 43.5%. This shows the transformation programme is improving profits even while revenue is flat. (Cembra Money Bank)
The planned Santander deal should add scale to auto finance, broaden Cembra’s dealer and manufacturer network, and make it Santander’s exclusive Swiss partner for pan-European programmes. Management expects the acquisition to be earnings-per-share accretive from 2027 and to lift return on equity by about 25 basis points from 2028. (Cembra Money Bank)
The balance sheet remains resilient: financing receivables grew 2%, the non-performing-loan ratio fell to 1.7%, and the Tier 1 capital ratio stood at a strong 17.7%. A 5.4% net interest margin and management’s planned dividend of at least CHF 4.60 for 2026 support the income case. (Cembra Money Bank)
Swiss lending-rate caps are squeezing pricing power: interest income fell after the maximum rates were reduced, while net revenue stayed flat. Cembra protected its 5.4% margin mainly through lower funding costs, leaving less room for growth if that offset weakens. (Cembra Money Bank, Investing.com)
The Santander transaction creates near-term financial drag before its expected benefits arrive. Integration costs, day-one expected credit losses and the planned funding mix are expected to dilute 2026 earnings and reduce return on equity by roughly one percentage point. (Cembra Money Bank, Seeking Alpha)
Credit costs are moving in the wrong direction even though headline arrears improved: provisions rose CHF 4.8 million and the loss rate increased to 1.1% from 0.9% a year earlier. A softer macroeconomic backdrop could make consumer-loan losses rise further as the book expands. (Cembra Money Bank, Cembra Money Bank)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Funds containing CMBN

AllEURGBP
Funds
Fund name
Fund size
€CMBN weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.20%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.20%
L&G Global Quality Dividends£LDGG
£279M0.06%
Amundi STOXX Europe 600 ESG€C6E
€735M0.03%
Amundi STOXX Europe 600£MEUD
£6.6B0.03%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.