Capitec has once again seen a massive rise in headline earnings per share, with the bank promising further growth ahead. <\/p>\n\n\n\n
For the financial year ended 28 February 2026, headline earnings grew by 23% to R16.8 billion (2025: R13.7 billion). The group also upped its dividend per share by 23% to 7,980 cents. <\/p>\n\n\n\n
“That is several years of compounding momentum \u2013 a trajectory very few can match. We are not a growth story that has peaked<\/strong>. We are still building,” the group said. <\/p>\n\n\n\n Its net interest income rose by 19% to R24.1 billion (2025: R20.2 billion). Interest income on lending grew by 14%. <\/p>\n\n\n\n Interest income was driven by 27% and 48% increases in loan disbursements for Personal Banking and Business Banking, respectively. <\/p>\n\n\n\n The group said that targeted offers informed by data analytics drove Personal Banking lending, while scored lending drove growth in Business Banking. <\/p>\n\n\n\n Interest income on investments increased by 2% to R9.2 billion as the average cash and investment portfolio grew by 7%. <\/p>\n\n\n\n The group said that the decline in the repo rate from 7.5% to 6.75% impacted investment yields, as did shifts toward floating-rate instruments.<\/p>\n\n\n\n Nevertheless, the group’s interest expenses declined by 8% to R9.2 billion despite a 5% increase in deposits and wholesale funding, driven by the repo rate decrease and restructuring of its savings accounts. <\/p>\n\n\n\n The group’s total loan disbursements also grew by 34% to R98.3 billion.<\/p>\n\n\n\n Its net credit impairment charge on loans and advances increased by 21%, reflecting 14% loan book growth and a credit loss ratio that increased from 7.5% to 8.1%.<\/p>\n\n\n\n Increases in credit loss ratios were seen across all businesses: business banking up to 2.4%, personal banking up to 8.2%, and AvaFin up to 53.2%.<\/p>\n\n\n\n “Longer-term products with maturities of up to 4 months were introduced in Mexico and Spain during the year to assess the markets in these countries,” the group said. <\/p>\n\n\n\n “In the second half, we noted higher rolls into arrears for Mexico, Spain and Czechia. The higher arrears rolling through the book increased the CLR. As a consequence, granting criteria were tightened.” <\/p>\n\n\n\n The group’s customer mark hit 26 million active clients during the financial year. <\/p>\n\n\n\n The group said that its digital transaction platforms, personal and business banking services, and insurance offerings have matured further.<\/p>\n\n\n\n Personal Banking clients grew 7% from 23.6 million to 25.2 million. Fully banked clients increased 12% to 9.9 million and now represent 39% of its active client base, up from 37%. <\/p>\n\n\n\n The group added that its client-first approach is grounded in simplicity and accessibility, which could be seen in Capitec starting to offer Smart ID services at its bank branches. <\/p>\n\n\n\n Despite having the largest branch network in South Africa, Capitec shunned the initial pilot that allowed Home Affairs to offer Smart ID services. <\/p>\n\n\n\n The bank has now partnered with Home Affairs as part of the government’s new expansion plan, which gives banks greater control of the service. <\/p>\n\n\n\n Capitec now has 86 branches that allow clients to obtain Smart IDs nationwide, with a particular focus on previously underserved areas.<\/p>\n\n\n\n Since its inception in March 2026, the group has successfully processed 71,000 Smart ID applications at its branches. <\/p>\n\n\n\n This article has been amended. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Capitec has seen a large rise in earnings for the 2026 financial year, with the bank saying that even more growth is coming. <\/p>\n","protected":false},"author":95,"featured_media":855382,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1798],"class_list":["post-857985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-capitec"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/857985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=857985"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/857985\/revisions"}],"predecessor-version":[{"id":858241,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/857985\/revisions\/858241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/855382"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=857985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=857985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=857985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Metric<\/strong><\/td> Current Year<\/strong><\/td> Prior Year<\/strong><\/td> % Change<\/strong><\/td><\/tr><\/thead> Operating Profit before Tax<\/strong><\/td> R22.179 billion<\/td> R17.740 billion<\/td> +25%<\/td><\/tr> Headline Earnings per Share<\/strong><\/td> 14,606 cents<\/td> 11,912 cents<\/td> +23%<\/td><\/tr> Earnings per Share<\/strong><\/td> 14,590 cents<\/td> 11,911 cents<\/td> +22%<\/td><\/tr> Total Dividend per Ordinary Share<\/strong><\/td> 7,980 cents<\/td> 6,510 cents<\/td> +23%<\/td><\/tr> Net Asset Value (Total Equity)<\/strong><\/td> R59.513 billion<\/td> R50.914 billion<\/td> +17%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Fully-banked customers on the rise <\/h2>\n\n\n\n