Cembra completes acquisition of majority of Santander’s Swiss auto financing business

Bitget2026/11/03 06:01

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Cembra completed its acquisition of the majority of Santander's Swiss auto financing business on November 3, 2026.
The transaction will add approximately CHF 800 million in leasing assets to its portfolio.
CHF 670 million was consolidated as of November 2, 2026, with the remainder to follow in 2027.
The acquisition includes manufacturer partnerships, complemented by an exclusive Santander partnership for pan-European leasing and financing programs in Switzerland.
The transaction is expected to boost earnings per share from 2027, increasing return on equity around 25 basis points from 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cembra Money Bank AG published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2427076_en) on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cembra completes acquisition of majority of Santander’s Swiss auto financing business

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