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Cembra Money Bank AG (via Public) / Cembra reports resilient 2020 full-year results - Vimarsana News

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...

Cembra: Ex-GE Manager Joins as New CEO - Vimarsana News

Cembra: Ex-GE Manager Joins as New CEO

Holger Laubenthal Cembra: Ex-GE Manager Joins as New CEO Consumer credit bank Cembra has found a successor for outgoing CEO Robert Oudmayer. Cembra shares a common past with the German manager. Holger Laubenthal will take charge of Cembra Money Bank in March, according to a statement released on Friday. Laubenthal replaces Laubenthal and Cembra have a common past. The German national spent a good part of his career at General Electric (GE) in consumer credit. From 2003 to 2006, he had worked for the business in Switzerland. Cembra emerged from GE group in 2013 and went public on the Swiss s...

Source: finews.com