Cembra Money Bank AG (CMBN)

Overview

Cembra Money Bank AG, headquartered in Zurich, Switzerland, is a consumer finance institution with a rich history dating back to its founding in 1912. Initially known as GE Money Bank Aktiengesellschaft, the company underwent a rebranding to its current name in October 2013. It offers a wide range of financial products and services aimed at private individuals, self-employed professionals, and small to medium-sized enterprises (SMEs) within Switzerland. The bank extends its offerings through a combination of branches and various sales channels, including the internet, credit card partners, independent intermediaries, and car dealerships, ensuring accessibility and convenience for its clients.

Products and Services

• Savings Products

  Includes medium-term notes and various deposit accounts tailored to help clients save and grow their funds over time.

• Loans

  An extensive portfolio featuring cash, consumer, personal, business, and auto loans designed to meet the diverse financial needs and objectives of clients, whether for personal use or business operations.

• Credit Card Receivables

  Facilitating the acquisition of receivables related to credit card transactions, thereby providing liquidity solutions to businesses.

• Leasing Services

  Offers leasing options for both new and used vehicles, including cars, light commercial vehicles, motorcycles, and caravans. The bank also extends corporate leasing services, catering to the specific requirements of businesses.

• Financial Protection Products

  A suite of financial protection products that safeguard clients against the financial impact of involuntary unemployment, accidents, illnesses, or disabilities, ensuring peace of mind during unforeseen circumstances.

• Insurance Products

  Includes travel and flight insurance, along with card protection plans, providing comprehensive protection for a wide array of situations encountered by clients.

• Investment Products

  Offers a selection of investment products aimed at helping clients grow their wealth and achieve their financial goals through thoughtful investment strategies.

• Credit Cards, Mobile Payment, and Mobile Banking Services

  Cembra Money Bank AG furnishes clients with modern financial tools like credit cards, mobile payment options, and mobile banking services, enhancing convenience and accessibility to banking services on-the-go.

• Invoice Financing Services

  Provides solutions for businesses to manage cash flow more effectively by offering financing against issued invoices, thereby ensuring operational liquidity.