Cembra completes acquisition of majority of Santander’s Swiss auto financing business
SAN•Cembra completed the acquisition on November 3, adding approximately CHF 800 million in leasing assets. The transaction is expected to boost earnings per share from 2027 and increase return on equity by around 25 basis points from 2028.
1. Acquisition completed
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; CHF 670 million was consolidated as of November 2, with the remainder to follow in 2027.
2. Expected financial impact
The acquisition includes manufacturer partnerships and an exclusive Santander partnership for pan-European leasing and financing programs in Switzerland. It is expected to boost earnings per share from 2027 and increase return on equity by around 25 basis points from 2028.
