Capitec earnings up 19% in year to February

Capitec earnings up 19% in year to February

A Capitec branch in, South Africa. Picture: Supplied

It declares a final gross dividend of 1,120 cents per ordinary share.

Banking group Capitec said on Thursday its headline earnings per share were up 19% to 4,577 cents in the year to February.

The bank said its client base grew by 15% to 11.4 million clients, with 127,000 newcomers per month.

It declared a final gross dividend of 1,120 cents per ordinary share, bringing the total dividends for the 2019 financial year to 1,750 cents per share.

“Our continued investment in new payment solutions, digital development and advanced data and analytics will allow us to offer retail clients easier ways to bank and more personalised credit offers,” Capitec said.

It said the acquisition of Mercantile Bank Holdings Limited was a strategic move to accelerate the development of a unique business banking offer for clients.

– African News Agency

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