Capitec Bank

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Capitec Bank
Capitec Bank Holdings Limited
Public company
Traded as JSE: CPI
Industry Banking, Financial Services
Founded 1 March 2001; 15 years ago (2001-03-01)
Founders Michiel Le Roux
Riaan Stassen
Headquarters 1 Quantum Street, Techno Park, Stellenbosch, Western Cape, South Africa
Area served
South Africa
Key people
Gerrie Fourie (CEO)
Products Loans, Investment Banking, Savings, Investments, Debit Cards, Credit Cards, Commercial Banking
Total assets R62.945 billion PDF PDF (866 KB) (2016)
Total equity R13.659 billion PDF PDF (866 KB) (2016)
Number of employees
11,440[1] (2016)
Slogan Simplicity is the ultimate sophistication

Capitec Bank is a commercial bank in the Republic of South Africa.[2] It is one of the locally controlled banks licensed by the Reserve Bank of South Africa, the South African national banking regulator.[citation needed] When it comes to customer satisfaction as per the results by South African Customer Satisfaction Index (SAcsi) in 2015, Capitec Bank comes first with 82.2 points.[3] Capitec Bank has emerged as the best bank in the world by International banking advisory group Lafferty in its inaugural Bank Quality Rankings.[4]


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 668 retail branches nationwide, 3418 own or partnership ATMs and has over 6.2 million customers, according to the 2015 Chief Financial Officer's Report.[5] Of these customers, 309 000 are online banking customers and 3.5 million are mobile banking customers. According to the annual results for the 2015 financial year, the asset base of Capitec Bank was in excess of R53.9 billion, with R11.6 billion in equity, and with retail savings deposits increasing by 32 percent for the year to R19.3 billion and retail fixed savings increasing by 19 percent to R10.7 billion for the year.[5][6] Earnings and headline earnings for the 2015 financial year amounted to R2.547 billion compared to R2.017 billion in 2014, and net transaction fee income amounted to R2.6 billion.[7]

The bank offers its clients the Global One account, which is a transacting/savings account and credit facility rolled into one.[8]

See also[edit]


  1. ^ about us - Key Facts
  2. ^ Corporate Profile At Google Finance
  3. ^ "Best and worst banks in South Africa". Retrieved 2016-03-17. 
  4. ^ "South African bank ranked best in the world". Retrieved 2016-03-17. 
  5. ^ a b "CFO Review 2015" (PDF). Capitec Bank. Retrieved 2015-10-18. 
  6. ^ le Roux, Kabous (24 March 2015). "Capitec Bank is growing fast and earnings are booming". 702. Primedia. Retrieved 18 October 2015. 
  7. ^ "Capitec's 2014 FY earnings up 27%". Reuters. Thomson Reuters. 24 March 2015. Retrieved 18 October 2015. 
  8. ^

External links[edit]