Capitec Bank shows steady loan growth, shares track South African peers

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 15:19.

Capitec Bank Holdings Ltd (ZAE000035851) continues to report robust growth in its retail client base and loan book in South Africa. The group is listed on the Johannesburg Stock Exchange, where its shares trade alongside peers such as FirstRand and Standard Bank.

Recent metrics from Capitec

Capitec Bank has positioned itself as a mass-market retail bank with a focus on simplified products, transparent fees and digital distribution across South Africa. In its most recent annual report for the financial year ended 29 February 2024, the group reported 22.1 million active clients and 1,311 branches nationwide, underlining its broad reach in the domestic market. As disclosed in that report, headline earnings increased by 16 percent year on year to around ZAR 11.6 billion, driven by higher transaction volumes and credit growth. The bank noted that its retail loan book expanded, while deposit growth remained strong, supported by ongoing customer acquisition and product cross-selling.

Position in the South African banking sector

Within the South African banking sector, Capitec Bank competes with major players including Standard Bank, Absa and FirstRand, all of which are also listed on the Johannesburg Stock Exchange. Sector data from the JSE and local market commentary indicate that Capitec remains one of the more highly valued South African banks on a price-to-earnings basis, reflecting investor confidence in its growth prospects. The bank has built its franchise largely around unsecured lending and low-cost transactional banking, differentiating itself from peers that carry larger corporate and investment banking operations. Over recent years, Capitec has also been increasing its exposure to secured lending to diversify risk and broaden its product offering.

What Capitec Bank offers clients

Capitec Bank generates most of its income from retail banking products in South Africa, notably the Capitec Global One account, which combines transactional banking, savings and credit facilities in a single package. The bank also earns fee income from digital channels such as mobile banking and ATMs, alongside interest income from its loan portfolio.

Where the stock trades today

Capitec Bank Holdings Ltd shares trade on the Johannesburg Stock Exchange under the ticker CPI, with pricing in South African rand. As of the latest available data, the stock remains one of the larger retail banking listings in Johannesburg by market capitalization.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.