Cembra Completes Acquisition of Santander's Swiss Auto Financing Business

On November 3, 2026, Cembra Money Bank AG announced the successful completion of its acquisition of the majority of Santander's Swiss auto financing business. This transaction adds around CHF 800 million of leasing assets to Cembra's portfolio, with CHF 670 million already consolidated as of November 2, 2026. The remaining assets will follow in 2027.

Originally agreed upon in July 2026, this acquisition forms a vital part of Cembra's growth strategy, enhancing its leasing platform. The deal includes taking over partnerships with various international car and motorcycle manufacturers, thereby cementing Cembra's dominant position in the Swiss automotive financing sector.

Additionally, Cembra has entered an exclusive partnership with Santander for pan-European leasing and financing programs in Switzerland. This establishes a long-term cooperation framework, offering promising growth opportunities. The acquisition is projected to enhance Cembra’s earnings per share from 2027 and increase its return on equity by approximately 25 basis points by 2028.