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.
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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.
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SA’s youngest bank announces three million clients at AGM
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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.
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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).
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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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Interim results reinforce why we believe in a single solution to daily money management.
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Capitec Bank’s simplified single solution to money management has found great appeal with the cost-conscious consumer looking for good value, easy to use banking products.
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Cape Town, March 8, 2010: South Africa’s youngest retail bank, Capitec Bank, the only South African brand – and one of only 27 brands globally – is named a ‘Great Brand of Tomorrow’ by Swiss-based financial services group Credit Suisse.
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Cape Town, 3 May, 2010: Capitec Bank announced today that for the next three months as of May 1, 2010, all cash withdrawals from participating retailers will be free.
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