{"id":97661,"date":"2026-04-23T13:58:21","date_gmt":"2026-04-23T13:58:21","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again"},"modified":"2026-04-23T14:04:42","modified_gmt":"2026-04-23T14:04:42","slug":"capitec-does-it-again","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again","title":{"rendered":"Capitec does it again"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>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%.<\/p>\n

Capitec released its results for the year through February 2026 on Wednesday, 22 April 2026, revealing a strong performance for the group.<\/p>\n

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%.<\/p>\n

The bank\u2019s 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.<\/p>\n

The bank\u2019s 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.<\/p>\n

Capitec reported a profit of R16.84 billion for the year, marking a 22% increase from 2025.<\/p>\n

Its basic earnings rose by the same percentage, reaching R16.83 billion, while headline earnings increased by 23% to R16.85 billion.<\/p>\n

Capitec chairman Santie Botha and CEO Graham Lee pointed out that these strong results were driven by solid performances across the company\u2019s businesses.<\/p>\n

Capitec\u2019s 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.<\/p>\n

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.<\/p>\n

The group\u2019s 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.<\/p>\n

However, the company also had to raise its provision for Avafin\u2019s credit impairments by 47% to R1.25 billion.<\/p>\n

Avafin\u2019s net credit impairment charge on loans and advances reached R1.6 billion, up 93% from the previous year.<\/p>\n

The Personal Banking and Business Banking segments saw their credit impairment charges on loans and advances increase by 10% and 72%, respectively.<\/p>\n

The company\u2019s insurance business is also performing very well, with the bank\u2019s net insurance income up 38% to R5.2 billion.<\/p>\n

The 2026 financial year marked the first full year in which all Capitec insurance products were sold only on the group\u2019s Capitec Life licence, which was granted in October 2022.<\/p>\n

Capitec\u2019s Value-Added Services and Capitec Connect segment grew its non-interest income by 38% to reach R6.1 billion.<\/p>\n

On a group level, Capitec\u2019s return on ordinary shareholders\u2019 equity reached 31%, up from 29% in 2025.<\/p>\n

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.<\/p>\n

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

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. […]<\/p>\n","protected":false},"author":84,"featured_media":97660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-97661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"\nCapitec does it again - South Africa<\/title>\n<meta name=\"description\" content=\"Capitec has released another set of strong annual results, with its 2026 financial year seeing the banking giant hit 26 ...\" \/>\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\/south-africa\/all-news\/capitec-does-it-again\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capitec does it again\" \/>\n<meta property=\"og:description\" content=\"Capitec has released another set of strong annual results, with its 2026 financial year seeing the banking giant hit 26 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-23T13:58:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-23T14:04:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940383.524887.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\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\/south-africa\/all-news\/capitec-does-it-again#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Capitec does it again\",\"datePublished\":\"2026-04-23T13:58:21+00:00\",\"dateModified\":\"2026-04-23T14:04:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again\"},\"wordCount\":433,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940383.524887.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capitec-does-it-again\",\"name\":\"Capitec does it again - 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