Description
(AWP Alliance News) - Cembra Money Bank completed its acquisition of the majority of Santander's Swiss auto financing business on Nov. 3, 2026. The transaction will add approximately CHF 800 million in leasing assets to its portfolio. CHF 670 million was consolidated as of Nov. 2, 2026, with the remainder to follow in 2027. The deal includes manufacturer partnerships alongside an exclusive agreement with Santander for pan-European leasing and financing programs in Switzerland.
The acquisition is expected to boost earnings per share from 2027 onward and increase return on equity by around 25 basis points from 2028.
https://www.publicnow.com/view/2694E159E155CB9AA3EA50D7B23ACC656CBC71C6…
Disclaimer: This news brief was created using generative artificial intelligence. Cembra Money Bank AG published the original content used to generate this news brief via EQS News on November 03, 2026, and is solely responsible for the information contained therein.
