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South Africa’s fastest growing retail bank posted a record increase in headline earnings of 68% to R1.078 billion for the year ended February 2012. Headline earnings per share rose 49% to R11,25 from R7,57 in 2011. The number of shares in issue increased to 99,3 million up from 93,4 million, due to a capital raising exercise from domestic and international institutional shareholders in Nov 2011.




Capitec Bank today announced its interim results which recorded headline earnings per share up 53% and headline earnings up 72% from R284-million to R489-million.




SA’s youngest bank announces three million clients at AGM




Capitec Bank Limited ("Capitec Bank"), a wholly-owned subsidiary of Capitec Bank Holdings Limited, issued a combination of floating and fixed rate senior unsecured bonds on 6 May 2011 with redemption dates of 6 May 2014 and 6 May 2016.




Moody's Investors Service has today changed to positive from stable the outlook for the A2.za long-term national scale issuer rating assigned to Capitec Bank Limited (Capitec).




Capitec Bank attributed its growth in client numbers to the increasing awareness of its unique offer and its transparent, low fee structure which appeals to cost-conscious consumers who want to know what they get in return for what they pay.
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