Capitec increases lead in banking sector

Capitec increases lead in banking sector

 February 1 2017  – CAPITEC Bank has increased its lead in the banking sector and now has more clients than FNB and Nedbank, making it SA’s third largest bank, says consumer research group Nielsen’s most recent annual banking survey on Wednesday (today).

“These results are testament to the success of our vision and values, keeping our costs low, giving customers the freedom to pay as they transact as well as offering the highest interest of 5.35 percent on a positive bank balance,” said Charl Nel, Capitec’s head of communications.

Capitec, which was formed in 2001, says  said that more than 120,000 customers opened accounts at Capitec Bank every month for “a simplified and affordable banking solution”. It added that 5.5 million account holders, the majority of Capitec clients, paid less than R50 per month in bank costs. – ANA