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Capitec Wins Banking

Capitec is expecting to make between R16.5 billion and R17.2 billion for its 2026 financial year.

That is about 25 percent higher than last year. The bank’s strong performance has pushed Capitec’s market value to a whopping R535.85 billion, making it the most valuable bank in South Africa (slightly ahead of FirstRand).

Bank Makes Billions CEO Makes Millions

One of the key measures used to track a company (or banks) performance is headline earnings per share.

Capitec says they expects this figure to be between 14 294 cents and 14 890 cents, compared to 11 912 cents last year.

Earnings per share basically shows how much profit is made for each share owned by investors. And when people say “headline earnings” that is a similar figure but removing any unusual once off gains (or losses). Those look more at the bank’s normal operations. The increase in the banks headline earnings points to strong growth in their core business.

No wonder that Capitec’s outgoing CEO earned so much money recently. That big increase probably helps explain his mind breaking high salary package each year. His annual salary and provident fund came to more than R18 million, with benefits worth about R118 000. When short term and long term incentives are included, his total cost to company for the year was more than R104 million.

Incentives are additional payments linked to hitting performance targets. When profits and share performance rise, executive pay often rises as well. He has certainly been happy about how well Capitec is doing.

25 Million Active Clients

Capitec’s growth has been driven by more than 25 million active clients, increased lending and higher insurance income.

The bank has introduced several new loan products and expanded its credit card business, which boosts interest income. And, as loan volumes go up, related insurance products such as credit life and funeral cover also grow. That means even more profit on top of profit.

The full financial results will be released on 22 April 2026, but the early figures are already very impressive.