Africa-Press – South-Africa. Capitec is set for another strong set of results in its 2026 financial year, with earnings growth as high as 25% compared to 2025.
This past year marked a period of significant change for South Africa’s largest bank by clients, with the retirement of its long-standing CEO and co-founder, Gerrie Fourie, as well as the expansion of its business and insurance offerings.
Capitec’s Business Banking division, in particular, transitioned from a build phase into a growth phase as the bank is looking to take on a new market.
On Wednesday, 11 February 2026, Capitec released a trading statement outlining its expected earnings growth for the year ending 28 February 2026, the bank’s 2026 financial year.
In this statement, Capitec informed shareholders that its earnings per share and headline earnings per share are expected to increase by between 20% and 25% compared to the 2025 financial year.
The bank said its 2026 financial year was characterised by strategic decisions aimed at strengthening its long-term value proposition and positioning the business for sustainable growth.
For example, in March 2025, Capitec’s Personal and Business Banking divisions implemented a simplified fee structure.
This new structure introduced reduced transaction fees and lower prices for merchant point-of-sale devices.
Despite these lower fees, the bank’s net transaction and commission income grew in line with expectations, as the reduced fees were partially offset by growth in its client base and increased transaction volumes.
In addition, the bank reported growth in income from value-added services and Capitec Connect, supported by sustained client adoption of these offerings.
The bank further reported that South Africa’s improved macroeconomic environment allowed it to increase lending activity in its Personal and Business banking division.
For Personal banking, Capitec saw an increase in loan disbursements and lending income.
This was driven by the introduction of new credit offerings, including purpose loans and loans for clients with multiple sources of income, as well as continued growth in the bank’s credit card client base.
The bank said the provision for expected credit loss coverage ratio moved in line with the improved quality of its loan book.
In terms of Business banking, Capitec’s lending income grew as the bank transitioned from a build phase into a growth phase. “This was further supported by successful client acquisition and retention,” the bank said.
Capitec explained that as loan disbursements in this division grew, the income generated from associated credit life insurance products increased accordingly.
“In addition, there was an increase in the number of active funeral and life cover policies taken up, which contributed to higher sums assured and an increase in net insurance income,” it said.
“This momentum reflects greater client engagement with the group’s insurance offerings.”
Capitec’s full-year results for the 2026 financial year will be published on or about 22 April 2026.
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