Cembra Money Bank publishes Annual Report 2013 and proposes Urs Daniel Baumann
for election to the Board of Directors
Zurich, Switzerland - Cembra Money Bank, a leading Swiss consumer finance
bank, today published its Annual Report 2013 which is available online at
www.cembra.ch/ar2013. The report provides comprehensive information on the
business, corporate governance and financial performance of Cembra Money Bank.
Robert Oudmayer, CEO: "We are proud to present for the first time, as a listed
company, our Annual Report to our investors, business partners and customers."
Furthermore, the Board of Directors of Cembra Money Bank will propose at the
next ordinary Annual General Meeting to be held on 13 May 2014 the election of
Urs Daniel Baumann to the Board of Directors.
Since 2012, Urs Daniel Baumann has been Chief Executive Officer (CEO) of
Bellevue Group. He has over 14 years of international management experience
with leading global, regional and Swiss financial institutions; including CEO
of Swisscard and Lindorff Group as well as Managing Director CEE at
Barclaycard. Furthermore, he worked as consultant and manager with a top-rated
global management consulting firm for more than five years. Urs Daniel Baumann
is a Swiss Citizen and holds a Master in Economics & Business Administration
of the University of St. Gallen (HSG) as well as a MBA of the University of
Dr. Felix A. Weber, Chairman of the Board of Directors of Cembra Money Bank,
commented: "I am delighted that Urs Daniel Baumann has accepted the nomination
to join the Board of Directors. With his experience in the financial services
industry and the credit cards business in particular, I am convinced that he
will bring a valuable contribution to our Board."
More details about his nomination will be made available in the invitation to
the next ordinary Annual General Meeting.
Brigitte Kaps; +41 44 439 8194; email@example.com
Christian Waelti; +41 44 439 8572; firstname.lastname@example.org
About Cembra Money Bank AG
Cembra Money Bank is a Bank with a well-established position in Swiss consumer
finance. The Bank is regulated by FINMA, holds a banking license and provides
a range of financial products and services. The Bank holds leading positions
in Switzerland for its Personal Loans and Auto business. It has a growing
Credit Cards business based on partnering with Swiss retailers and other
institutions. Headquartered in Zurich, the Bank operates exclusively in
Switzerland through a nationwide network of 25 branches as well as through
alternative distribution and sourcing channels, such as the internet, credit
card partners, independent agents and over 3,200 auto dealers. The Bank
generated a consolidated net income of CHF 132.9 million in 2013. As at 31
December 2013, the Bank had financing receivables of CHF 4.0 billion and a
consolidated Tier 1 capital ratio of 19.7%. It had ca. 700 full time
equivalent employees, serving approximately 624,000 customers.
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