Capitec Bank is a South African retail bank.[2] As of August 2017 the bank was the second largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month.[3]
The bank maintains 850 retail branches nationwide,[4] 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]
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.[9] Capitec Bank[10] has emerged as the best bank in the world by International banking advisory group Lafferty in its inaugural Bank Quality Rankings.[11]
As of February 2017 "the majority, more than 5.5 million, of Capitec clients pay[ed] less than R50 per month in bank costs."[3]
Business modeledit
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.
Capitec's business model is focused on providing a value to its customer(s) by providing low costs, giving customers the freedom to pay as they transact, and by offering the highest interest rate on deposits.[3]
^"About us". Capitec Bank. Retrieved 16 October 2017.
^"Capitec bank holdings - Google Finance Search". Google.com. Retrieved 1 September 2017.
^ abc"Capitec is now the second biggest bank in South Africa". Business Day. 2 February 2017. Retrieved 4 February 2017.
^"Compare Banks in South Africa | Number of ATMs, Branches, and more". south-africa.financialadvisory.com. Retrieved 31 January 2021.
^ ab(PDF). Capitec Bank. Archived from the original (PDF) on 6 March 2016. Retrieved 18 October 2015.
^le Roux, Kabous (24 March 2015). "Capitec Bank is growing fast and earnings are booming". 702. Primedia. Retrieved 18 October 2015.
^"Capitec's 2014 FY earnings up 27%". Reuters. Thomson Reuters. 24 March 2015. Retrieved 18 October 2015.
^"It's banking, just simpler". Capitec Bank. Retrieved 31 August 2017.
^"Best and worst banks in South Africa". businesstech.co.za. Retrieved 17 March 2016.
^"Capitec Phone & Contact Numbers". aubranches.com. Retrieved 17 May 2016.
^"South African bank ranked best in the world". businesstech.co.za. Retrieved 17 March 2016.
External linksedit
"Capitec's 2014 FY earnings up 27%". Enca.com. Retrieved 16 October 2017.
"Capitec Bank is growing fast and earnings are booming". 702.co.za. Retrieved 16 October 2017.
. 15 March 2012. Archived from the original on 15 March 2012. Retrieved 16 October 2017.
"Simplified banking". Capitec Bank. Retrieved 16 October 2017.
January 01, 1970
capitec, bank, south, african, retail, bank, august, 2017, bank, second, largest, retail, bank, south, africa, based, number, customers, with, customers, opening, accounts, month, trade, name, holdings, limitedcompany, typepublic, companytraded, asjse, cpiindu. Capitec Bank is a South African retail bank 2 As of August 2017 the bank was the second largest retail bank in South Africa based on number of customers with 120 000 customers opening new accounts per month 3 Capitec BankTrade nameCapitec Bank Holdings LimitedCompany typePublic companyTraded asJSE CPIIndustryBankingFinancial servicesFounded1 March 2001 23 years ago 2001 03 01 FoundersJannie Mouton Michiel Le Roux Riaan StassenHeadquarters5 Neutron Street Techno Park Stellenbosch Western Cape South AfricaArea servedSouth AfricaKey peopleGerrie Fourie CEO ProductsLoans Investment Banking Savings Investments Debit Cards Credit Cards Commercial BankingServicesFinancingRevenue 2016 Total assetsR62 945 billion PDF PDF 866 KB 2016 Total equityR13 659 billion PDF PDF 866 KB 2016 Number of employees11 440 1 2016 Websitewww wbr capitecbank wbr co wbr za Contents 1 Overview 2 Business model 3 See also 4 References 5 External linksOverview editThe bank maintains 850 retail branches nationwide 4 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 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 9 Capitec Bank 10 has emerged as the best bank in the world by International banking advisory group Lafferty in its inaugural Bank Quality Rankings 11 As of February 2017 the majority more than 5 5 million of Capitec clients pay ed less than R50 per month in bank costs 3 Business model editThe 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 Capitec s business model is focused on providing a value to its customer s by providing low costs giving customers the freedom to pay as they transact and by offering the highest interest rate on deposits 3 See also edit nbsp Banks portal List of banks in South Africa Johannesburg Stock Exchange Economy of South AfricaReferences edit About us Capitec Bank Retrieved 16 October 2017 Capitec bank holdings Google Finance Search Google com Retrieved 1 September 2017 a b c Capitec is now the second biggest bank in South Africa Business Day 2 February 2017 Retrieved 4 February 2017 Compare Banks in South Africa Number of ATMs Branches and more south africa financialadvisory com Retrieved 31 January 2021 a b CFO Review 2015 PDF Capitec Bank Archived from the original PDF on 6 March 2016 Retrieved 18 October 2015 le Roux Kabous 24 March 2015 Capitec Bank is growing fast and earnings are booming 702 Primedia Retrieved 18 October 2015 Capitec s 2014 FY earnings up 27 Reuters Thomson Reuters 24 March 2015 Retrieved 18 October 2015 It s banking just simpler Capitec Bank Retrieved 31 August 2017 Best and worst banks in South Africa businesstech co za Retrieved 17 March 2016 Capitec Phone amp Contact Numbers aubranches com Retrieved 17 May 2016 South African bank ranked best in the world businesstech co za Retrieved 17 March 2016 External links edit Capitec s 2014 FY earnings up 27 Enca com Retrieved 16 October 2017 Capitec Bank is growing fast and earnings are booming 702 co za Retrieved 16 October 2017 African Financials Portal CPI 2011 15 March 2012 Archived from the original on 15 March 2012 Retrieved 16 October 2017 Simplified banking Capitec Bank Retrieved 16 October 2017 Retrieved from https en wikipedia org w index php title Capitec Bank amp oldid 1219065787, wikipedia, wiki, book, books, library,
