Sector: Financials
The company is available at Interactive Brokers
Capitec Bank Holdings Limited (JSE:CPI) owns the operating subsidiary Capitec Bank Limited (Capitec Bank) that acquired Mercantile Bank Holdings Limited (Mercantile) on 7 November 2019.
Capitec Bank is the largest digital bank and the largest bank by active banking clients in South Africa. The company focuses on essential banking services and provides value for money, innovative transaction, saving, insurance and unsecured lending products to individuals. Through Mercantile the company provides transaction, savings and unsecured lending products to small businesses. Mercantile is a niche business and commercial bank servicing the needs of existing businesses. Its key differentiator is strong client relationships based on good service and an in-depth understanding of the needs of the South African entrepreneur.
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Capitec Bank spent 27% more on IT in its 2024 financial year, reaching R1.9-billion from R1.5-billion in 2023.
2024-04-23 10:01 +02:00
Capitec has become the latest South African bank to launch a mobile virtual network operator, and is promising aggressively priced data.
2022-09-26 10:58 +02:00
The Ombudsman for Banking Services’ annual report reveals that it opened 7 717 formal cases in 2020 – a new record. That’s a 19% increase on the prior year, despite the Covid-19 lockdown.
2021-05-13 06:56 +02:00
South Africa`s Capitec said on Wednesday it will offer shares worth up to 1 billion rand ($64.55 million) to employees at a discounted rate in a Black economic empowerment (BEE) transaction that will lower its earnings per share.
2022-01-19South African lender Capitec declared an annual dividend of 1,600 cents ($1.10) per share on Tuesday, when it also reported a 27% decline in full-year profit.
2021-04-13
South African lender Capitec Bank on Thursday reported profit for the first half of the year grew 20%, in line with expectations, thanks to strong customer growth and a smaller impairment charge.
2019-09-26
Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old guard.
2018-12-04JSE:FSR JSE:SBK JSE:CPI JSE:SLM JSE:ABG JSE:NED JSE:DSY JSE:AVI JSE:SPG
