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Cembra Your Swiss Bank Letter to Shareholders Dear Shareholders It is our pleasure to inform you about Cembra's 2020 full - year results . Despite the Covid - 19 pandemic situation , we are proud having achieved a resilient per formance with an only slight decrease of net income by 4 % to CHF 152.9 million . This translated into a 13.8 % return on shareholders ' equity coupled with a strong Tier 1 capital ratio of 17.7 % . A dividend per share of CHF 3.75 will be recommended to the Annual General Meeting on 22 April 2021 in Zurich . In 2020 , our business model proved resilient , and our conservative risk management approach paid off . The lockdown in Switzerland had a clear impact on income from credit card fees . At the same time , we observed a sustainable shift to card payments and away from cash . Credit card transaction volumes were almost back at 2019 levels in the second half of the year . After successfully completing the integration of cashgate in just 11 months , we are now focusing on our new credit card for IKEA . Resilient business performance The Group's total net financing receivables at 31 December 2020 amounted to CHF 6.3 billion , a decline of 4 % compared with year - end 2019 , largely attributable to the impact of Covid - 19 on the Swiss economy . In the personal loans business , receivables declined by 8 % to CHF 2.4 billion , also due to the market development . Inter est income in that business increased by 10 % to CHF 190.7 million , due to the acquisition of cashgate in the second half of 2019. The yield remained stable at 7.4 % ( 2019 : 7.5 % ) . Net financing receivables in auto leases and loans rebounded in the second half , ending the year down 2 % , to CHF 2.9 billion . Interest income was 17 % higher , at CHF 129.4 million , with a stable yield of 4.5 % ( 2019 : 4.5 % ) . In the credit cards business , net financing receivables declined by 6 % to CHF 1.0 billion as a result of Covid - 19 restric tions in the second quarter and in the final weeks of 2020. Interest income in the cards business grew by 5 % to CHF 83.6 million , with a yield of 8.3 % ( 2019 : 8.0 % ) . The number of cards issued continued to rise , up 5 % year on year to 1,030,000 . Cembra - Letter to Shareholders 2020