10 Things you should know about Capitec Bank

Capitec Bank is a brand founded by Michiel Le Roux. Here are 10 Things you should know about Capitec Bank.

1. 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.
3. It has recorded 120,000 customers opening new accounts per month.
4. The bank maintains 500 retail branches nationwide.
5. It has over 6.2 million customers, according to the 2015 Chief Financial Officer’s Report.
6. Of these customers, 309 000 are online banking customers and 3.5 million are mobile banking customers.
7. According to the annual results for the 2015 financial year, the asset base of Capitec Bank was in excess of R53.9 billion.
8. 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.
9. The bank offers its clients the Global One account, which is a transacting/savings account and credit facility rolled into one.
10. 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.