Capitec Bank reports 23 percent rise in full year profit

Capitec Bank reported a 23 percent increase in annual profit to 16.8 billion rand as interest income grew. The lender raised its final dividend to 53.60 rand.

Xurve View
Insights:

South Africa lender CAPITEC BANK HOLDINGS LTD has reported a 23% increase in its full-year profit, driven by double-digit growth in interest income as customers increased their borrowing levels. The bank announced that headline earnings, a primary measure of profitability in the country, rose to 16.8 billion rand ($1.02 billion) for the fiscal year ending February 28, up from 13.7 billion rand in the previous year.

Customers wait in line to use an automated teller machine at a Capitec Bank branch in Johannesburg, South Africa, during April 2025. REUTERS/Siphiwe Sibeko

In response to the strong financial performance, the bank declared a final dividend of 53.60 rand per share, compared to 44.25 rand per share in the prior year. This growth underscores the bank's ability to capitalize on heightened credit demand among its client base, which significantly bolstered interest-related revenue streams throughout the reporting period.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.