Capitec Limited reported record headline earnings for the six months ended August 31, 2026. Earnings rose 19% to R9.5 billion.
The bank increased its interim dividend by 19% to R31.10 per share. Non-interest income from fees and commissions grew 21%. It now represents 70% of income from operations after impairments.
Capitec’s customer base exceeded 26.6 million, making it South Africa’s largest bank by customer numbers. Its business banking unit’s headline earnings increased 52%. Value-added services, including Capitec Connect, also recorded significant income growth.
Credit impairments rose 21% to R5.75 billion amid challenging economic conditions.