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Overview
Cembra Money Bank is a Swiss financial services company that provides consumer loans, credit cards, and savings accounts to individuals and small businesses. The company was founded in 1950 as a provider of consumer credit and has since expanded its services to include various financial products. Cembra Money Bank is headquartered in Zurich, Switzerland and has a strong presence in the Swiss market, serving more than 1 million customers. The company has a staff of over 1,000 employees and operates through a network of 25 branches throughout Switzerland. The company's mission is to help customers manage their financial needs in a responsible and sustainable manner. It focuses on offering tailored financial solutions and exceptional customer service. As a financial institution, Cembra Money Bank is subject to strict regulations and oversight by the Swiss Financial Market Supervisory Authority (FINMA). The company also has a strong commitment to corporate responsibility and sustainability, integrating these principles into its business operations and decision-making processes. Some key figures for Cembra Money Bank include a total income of CHF 889 million in 2020 and a net profit of CHF 166 million. The company has a strong capital base, with a common equity Tier 1 ratio of 21.3%, which indicates its financial stability and ability to weather economic challenges. Overall, Cembra Money Bank is a reputable financial services company that is well-established in Switzerland and aims to provide customers with reliable, innovative, and sustainable financial solutions.
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