Information on Capitec Bank

CAPITEC

Business background

Capitec Bank is a commercial bank in the Republic of South Africa.[1] It is one of the locally-controlled banks licensed by the Reserve Bank of South Africa, the South African national banking regulator.The bank operates as a retail bank that serves both individuals and businesses, but does not provide business banking for close corporations, companies, partnerships or trusts. It claims to focus on simplifying the banking experience, according to their literature. The bank maintains over 500 retail branches nationwide and has over 3.7 million customers. As of August 2010, the asset base of Capitec Bank was in excess of US$739 million, with shareholders' equity estimated at over US$208 million.

Capitec Bank

Type Public (JSE: CPI)

Industry Financial Services

Founded 2001

Headquarters Stellenbosch, South Africa

Products Loans, Checking, Savings, Investments, Debit Cards

Total assets US$739+ million (2010)

Employees 7,194+ (2012)

it's banking, just simpler

From one banking solution and innovative tech to Sunday and paperless banking, everything we do is to make your life easier and empower you to take control of your money.

To simplify banking, we’ve developed an all-inclusive banking solution. Global One is the one solution that enables you to transact, save and access credit in realtime. We also believe in harnessing the power of technology to make each interaction easier and simpler.

Key facts

Established: 1 March 2001

Listed on JSE: 18 February 2002

Registration: SA Reserve Bank

Clients: over 5 million*

Branches: 589*

Employees: 8 890*

Shareholders’ funds: R9.1 billion*

International partners: MasterCard and Visa

Auditors: PricewaterhouseCoopers Inc.

Registered address: 1 Quantum Street, Techno Park, Stellenbosch

*Financial results ended 31 August 2013

Extracts from the summarised audited financial statements for the year ended 28 February 2013:

Headline earnings per share – up 35%...