Cembra Money Bank Ltd.

Latest Results (11.04.2026):

Cembra Money Bank Ltd. — full‑year 2025 (year ended 31 December 2025): The bank reported net income of CHF 179.6 million (up from CHF 170.4m in 2024) and basic EPS of CHF 6.13 (up from CHF 5.81). Net revenues were CHF 542.2m (slightly down from CHF 550.5m), while net interest income was CHF 372.2m (down vs CHF 380.5m). Operating expenses fell to CHF 245.2m (from CHF 264.5m), producing income before tax of CHF 223.4m (up from CHF 211.8m). Total assets were essentially stable at CHF 7.943bn and shareholders’ equity increased to CHF 1.345bn.

Profitability

Net income: CHF 179.6m (2025) vs CHF 170.4m (2024). Income before tax rose to CHF 223.4m from CHF 211.8m. Basic EPS increased to CHF 6.13 (2024: CHF 5.81). Comprehensive income improved to CHF 188.8m (2024: CHF 153.0m).

Revenue and margin

Net revenues declined slightly to CHF 542.2m (2024: CHF 550.5m). Net interest income fell to CHF 372.2m (2024: CHF 380.5m), reflecting lower interest income (CHF 464.5m vs CHF 485.7m) partly offset by lower interest expense (CHF 92.3m vs CHF 105.3m).

Costs and credit provisions

Operating expenses fell to CHF 245.2m (2024: CHF 264.5m). Provision for losses on financing receivables was broadly stable at CHF 73.6m (2024: CHF 74.2m). The bank noted model/policy changes (write‑off timing and expected recoveries) that affected allowances and reported results (see below).

Business segments

Lending: net income CHF 113.5m (up from CHF 98.4m) with net revenues ~CHF 323.1m (flat). Payments: net income CHF 66.1m (down from CHF 72.0m) and net revenues CHF 219.1m (down from CHF 227.4m). Lending showed stronger profitability improvement year‑over‑year; Payments weakened slightly.

Balance sheet & funding

Total assets CHF 7.943bn (2024: CHF 7.949bn). Net financing receivables CHF 6.584bn (slight decrease vs CHF 6.625bn). Deposits increased to CHF 3.590bn (2024: CHF 3.524bn). Short‑term debt rose to CHF 849.9m while long‑term debt declined to CHF 1.951bn (total debt modestly down year‑over‑year). Shareholders’ equity increased to CHF 1.345bn (2024: CHF 1.285bn).

Cash flow & capital returns

Net cash provided by operations CHF 219.4m (2024: CHF 260.6m). Dividends paid increased to CHF 124.7m (2024: CHF 117.4m). Treasury shares purchases during 2025 were CHF 6.0m.

Accounting / methodology changes called out

Management adjusted write‑off policies in 2025 (extending certain auto loan/lease write‑off timing to 360 days), and added expected recoveries for previously written‑off personal loans and credit cards into its CECL estimates. The write‑off timing change reduced write‑offs by TCHF 16,156 and increased allowances by TCHF 5,954 (net pre‑tax benefit TCHF ~10,202). Inclusion of expected recoveries reduced the allowance by TCHF 15,612 and reversed provision expense in the period.