Oct 11 (Reuters) - CEMBRA MONEY BANK AG ::ACQUIRES EFL AUTOLEASING AG.AS PER END OF JUNE 2017, EFL HAD AUTO LEASE AND AUTO LOAN RECEIVABLES OF CIRCA CHF 280 MILLION.TRANSACTION IS EXPECTED TO BE EPS ACCRETIVE AS OF 2018.A MERGER OF EFL INTO CEMBRA MONEY BANK, EXPECTED IN FIRST HALF-YEAR 2018.
Cembra Money Bank AG : For first half-year 2016 Cembra Money Bank reports a 3 percent increase in net income to 71.8 million Swiss francs ($74.70 million) . H1 net revenues increased by 4 percent to 197.4 million francs compared to first half-year 2015 . H1 net interest income, which accounts for 76 percent of net revenues, was up 2 percent to 150.3 million francs . H1 commissions and fee income, which contributes 24 percent to net revenues, was up 10 percent to 47.1 million francs . For full-year 2016, interest income in personal loans business is expected to decline as a result of interest rate cap effective since July 2016 . For loan loss provisions a stable development is foreseen and loss rate is expected to be in line with prior years' performance. Costs are expected to increase slightly for 2016 .Expects expects earnings per share (EPS) at higher end of guided range of between 4.80 and 5.10 francs for full-year 2016.