Capitec bank Overview
This South African retail bank is publicly owned by Capitec Bank Holdings Limited and is well known for serving in banking and financial industry. It has a history of work experience of around 17 years accumulating total assets of R62.945 billion and total equity of R13.659 billion in the financial year 2016. The bank employs around 13,333 people and is headquartered in Stellenbosch, Western Cape, South Africa.
When was it started?
This second largest retail bank of South Africa came into existence on 1st March, 2001 with the efforts of its founders Jannie Mouton, Michiel Le Roux and Riaan Stassen. In size, they consider to have 826 retail branches nationwide serving over 10 million active customers with 3418 ATMs whereas out of mentioned customers 3.5 million are considered to be using mobile banking.
The bank is a commercial bank, controlled locally and is licensed by the Reserve bank of South Africa with products and services in the loan, check, savings, investments, and debit card divisions. They also pay back in social causes by making investments in corporate social investment programme under Capitec Foundation that was established in June 2015 as a non-profit organisation to manage their approach to national disaster relief, to care and keep safe refuge children, go for Bursary programme and fund for education.
What makes them special?
The bank is working at its best to empower their customers to take control of their money. They have put all their efforts in paving a way to one banking solution and innovative tech to Sunday and paperless banking. They have brought for their customers, Global One, a solution to enable customers to transact, save and access credit in real time. They don’t put any hidden costs and focus on to bring transparent and affordable banking services to clients.
Their way to offer clients full access to their cash is attractive in their own way as when and wherever they want or whether they prefer remote banking, ATM transacting, drawing cash from bills at local supermarket they put entirely all decisions on their customers to get their cash or savings.
In the end, the Capitec bank is rated worlds best for the third successive year and is only one bank in the world to achieve five stars beating other global leaders such as HSBC, Golden Sachs and JPMorgan Chase.