Africa-Press – South-Africa. Capitec has released another set of strong annual results, with its 2026 financial year seeing the banking giant hit 26 million active clients and achieve profit growth of over 20%.
Capitec released its results for the year through February 2026 on Wednesday, 22 April 2026, revealing a strong performance for the group.
The bank reported net interest income of R24.08 billion, up 14% from 2025, and net non-interest income of R28.34 billion, up 19%.
The bank’s credit impairments rose by 21% to R9.98 billion, leading to net interest income after credit impairments of R14.10 billion, still up 18% from the prior year.
The bank’s annualised credit loss ratio rose to 8.1%, up from 7.5% previously, driven largely by a higher ratio in its business banking unit, which increased from 1.7% to 2.4%, while personal banking rose to 8.2% from 8.1% previously.
Capitec reported a profit of R16.84 billion for the year, marking a 22% increase from 2025.
Its basic earnings rose by the same percentage, reaching R16.83 billion, while headline earnings increased by 23% to R16.85 billion.
Capitec chairman Santie Botha and CEO Graham Lee pointed out that these strong results were driven by solid performances across the company’s businesses.
Capitec’s Personal Banking segment advanced loans worth R68.73 billion over the year, up 27% from 2025, with its gross loan and advances reaching R131.77 billion.
The Business Banking segment saw even stronger growth, advancing loans worth R16.9 billion, a 48% increase, and growing its gross loans and advances to R98.01 billion.
The group’s international fintech subsidiary, Avafin, grew significantly, advancing loans worth R12.66 billion, up 62% from 2025, with its gross loans and advances reaching R3.37 billion.
However, the company also had to raise its provision for Avafin’s credit impairments by 47% to R1.25 billion.
Avafin’s net credit impairment charge on loans and advances reached R1.6 billion, up 93% from the previous year.
The Personal Banking and Business Banking segments saw their credit impairment charges on loans and advances increase by 10% and 72%, respectively.
The company’s insurance business is also performing very well, with the bank’s net insurance income up 38% to R5.2 billion.
The 2026 financial year marked the first full year in which all Capitec insurance products were sold only on the group’s Capitec Life licence, which was granted in October 2022.
Capitec’s Value-Added Services and Capitec Connect segment grew its non-interest income by 38% to reach R6.1 billion.
On a group level, Capitec’s return on ordinary shareholders’ equity reached 31%, up from 29% in 2025.
These strong results across the group allowed Capitec to declare a dividend of 7,890 cents per share, up 23% from the dividend declared in 2025.
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