Capitec Bank

  • Region: Africa
  • Country: South Africa
  • Sector: Financial services
  • Year: 2009
  • Domicile: South Africa
  • Instrument:
  • Commitment (MNOK) as of 31.12.2016: 0
  • Original Commitment (MNOK): 121.0

Capitec is one of the largest banks in South Africa that targets the unbanked, salaried segment. The bank has developed "easy to use and understandable" products tailored to its target group. Capitec is a regulated bank following all the strict rules of South African Reserve Bank. It is profitable and is growing rapidly with an average of 73 000 new clients per month. The bank has employed more than 7,000 people and has more than 500 branches. The loan and deposit sizes are small, averages are 4,172 Rands per loan.

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo