Cembra Money Bank AG (OTCPK:CMBNF)
$ 91.31 0 (0%) Market Cap: 2.73 Bil Enterprise Value: 4.91 Bil PE Ratio: 14.59 PB Ratio: 2.66 GF Score: 70/100
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Half Year 2024 Cembra Money Bank AG Earnings Call Transcript

Jul 24, 2024 / 07:00AM GMT
Release Date Price: $66
Holger Laubenthal
Cembra Money Bank AG - Chief Executive Officer, Member of the Management Board

Good morning, everyone. Great to be here, and thank you for joining us for the presentation of the first half 2024 results. Here with our CFO, Pascal Perritaz; our Chief Risk Officer, Volker Gloe. And as usual, we will walk you through the presentation and then look forward to taking your questions.

Let me start with our central messages. So look, overall we're pleased for the first half results. Both income and revenue came in strong at plus 4%, plus 6% increase respectively. That's of course on the back of repricing activity that we continued better fee income and selective growth measures across the portfolio. It's also a testament that the new segment based organization, which we introduced beginning of the year in lending with the personal loans and auto and payments with cards and buy now pay later. It's in place operation delivering.

We're very excited about the role of leading platform in our core banking platform upgrade the complex. And so this really is a key milestone in our

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