{"id":13644,"date":"2022-03-01T16:25:42","date_gmt":"2022-03-01T16:25:42","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend"},"modified":"2022-03-01T20:22:38","modified_gmt":"2022-03-01T20:22:38","slug":"capricorn-makes-n580m-ups-dividend","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend","title":{"rendered":"Capricorn makes N$580m, ups dividend"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>LISTED and Bank Windhoek owner Capricorn Group Limited has made an interim profit of N$580 million for the six months ending 31 December 2021.<\/b><\/p>\n

To this effect, the group is declaring a 32 cents per share dividend. This interim dividend per share for the period under review is 45,5% higher than the final dividend per share of 22 cents declared in February 2021.<\/p>\n

According to the financials released late last week, the profit earned from continuing operations increased by N$111,4 million (23,8%) compared to 2020, though still below pre-Covid profit of N$580,5 million.<\/p>\n

The interim profit pre-Covid-19 was at N$587,8 million. The company said the increased economic activity, albeit from a low base, had a positive impact on the performance of the group in 2021.<\/p>\n

\u201cOur interim results reflect a slightly improved operating environment. We were able to preserve and grow value despite the economic and social shock brought about by Covid-19, based on the diversified nature of the group,\u201d said Thinus Prinsloo, the group chief executive.<\/p>\n

The group’s operating income for the six months was at N$1,7 billion. With net interest income leading at N$1,1 billion, non-interest income was N$836 million. All these are increases when compared to the 2020 interims.<\/p>\n

The company said net interest income increased by 4,9% year-on-year, mainly attributable to an improvement of 50 basis points (bps) in the net interest margins of Bank Windhoek as a result of an effective funding repricing.<\/p>\n

Non-interest income increased by N$130,1 million (18,4%) largely due to an increase in net trading income of N$69,7 million (180,2%), mainly from foreign exchange trades and derivatives.<\/p>\n

Transaction-based fee income increased by N$42,9 million (8,6%), driven mainly by increased transaction volumes on the back of improved economic activity.<\/p>\n

Furthermore, the group said its non-interest income was well supported by its diversified revenue streams with net insurance income and asset management fee income increasing by N$11 million (20,9%) and N$3,9 million (5,1%), respectively.<\/p>\n

Impairment charges decreased by 21,6% year-on-year to N$182 million, mainly attributable to the improved operating environment positively impacting the key credit risk indicators of the banks, resulting in lower provisions required than in 2020.<\/p>\n

The group’s gross loans and advances increased by 3,6% to N$43,7 billion during the six months ended 31 December 2021 \u2013 Bank Windhoek’s growth was at 2,6%, while Bank Gaborone increased its loan book by 2,8%.<\/p>\n

Bad apples are, however, tainting the group, as non-performing loans increased by 4,5% since June last year to N$2,57 billion. The group is, however, in a fairly strong capital position and remains well capitalised with a total risk-based capital adequacy ratio of 15,1%. According to the group’s chief executive, while economies are recovering, the focus will be sustainability.<\/p>\n

\u201cFollowing modest economic growth in Namibia and Botswana in 2021, Capricorn expects further economic recovery as Covid-19 restrictions are relaxed and the global pandemic inches closer to endemic status. Thus, the outlook is for improved economic conditions both in Namibia and Botswana, albeit from a lower base. As we embark on the future, the stability and sustainability of the group for the benefit of all stakeholders remain our key priority,\u201d said Prinsloo.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. LISTED and Bank Windhoek owner Capricorn Group Limited has made an interim profit of N$580 million for the six months ending 31 December 2021. To this effect, the group is declaring a 32 cents per share dividend. This interim dividend per share for the period under review is 45,5% higher than the […]<\/p>\n","protected":false},"author":84,"featured_media":13643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-13644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nCapricorn makes N$580m, ups dividend - Namibia<\/title>\n<meta name=\"description\" content=\"LISTED and Bank Windhoek owner Capricorn Group Limited has made an interim profit of N$580 million for the six months ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capricorn makes N$580m, ups dividend\" \/>\n<meta property=\"og:description\" content=\"LISTED and Bank Windhoek owner Capricorn Group Limited has made an interim profit of N$580 million for the six months ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-01T16:25:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-01T20:22:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"477\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Capricorn makes N$580m, ups dividend\",\"datePublished\":\"2022-03-01T16:25:42+00:00\",\"dateModified\":\"2022-03-01T20:22:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend\"},\"wordCount\":514,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend\",\"name\":\"Capricorn makes N$580m, ups dividend - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg\",\"datePublished\":\"2022-03-01T16:25:42+00:00\",\"dateModified\":\"2022-03-01T20:22:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"LISTED and Bank Windhoek owner Capricorn Group Limited has made an interim profit of N$580 million for the six months ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg\",\"width\":720,\"height\":477,\"caption\":\"Capricorn makes N$580m, ups dividend\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Capricorn makes N$580m, ups dividend\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Capricorn makes N$580m, ups dividend - Namibia","description":"LISTED and Bank Windhoek owner Capricorn Group Limited has made an interim profit of N$580 million for the six months ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend","og_locale":"en_US","og_type":"article","og_title":"Capricorn makes N$580m, ups dividend","og_description":"LISTED and Bank Windhoek owner Capricorn Group Limited has made an interim profit of N$580 million for the six months ...","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-03-01T16:25:42+00:00","article_modified_time":"2022-03-01T20:22:38+00:00","og_image":[{"width":720,"height":477,"url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Capricorn makes N$580m, ups dividend","datePublished":"2022-03-01T16:25:42+00:00","dateModified":"2022-03-01T20:22:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend"},"wordCount":514,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend","name":"Capricorn makes N$580m, ups dividend - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg","datePublished":"2022-03-01T16:25:42+00:00","dateModified":"2022-03-01T20:22:38+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"LISTED and Bank Windhoek owner Capricorn Group Limited has made an interim profit of N$580 million for the six months ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/03\/img-621e8079a9540.jpg","width":720,"height":477,"caption":"Capricorn makes N$580m, ups dividend"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/capricorn-makes-n580m-ups-dividend#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"Capricorn makes N$580m, ups dividend"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/13644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=13644"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/13644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/13643"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=13644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=13644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=13644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}