Cembra Money Bank AG (via Public) / Cembra reports resilient 2020 full-year results
Cembra reports resilient 2020 full-year results Chief Executive Officer Robert Oudmayer commented: 'In 2020, our business model proved resilient, and our conservative risk management approach paid off. The lockdown in Switzerland had a clear impact on income from credit card fees. At the same time, we observed a sustainable shift to card payments and away from cash. Credit card transaction volumes were almost back at 2019 levels in the second half of the year. After successfully completing the integration of cashgate in just 11 months, we are now focusing on our new credit card for IKEA.' Res...
Source: publicnow.com