Capitec Bank Holdings Ltd (JSE:CPI)
R 2265.61 5.61 (0.25%) Market Cap: 262.37 Bil Enterprise Value: 245.14 Bil PE Ratio: 24.80 PB Ratio: 6.03 GF Score: 87/100

Full Year 2022 Capitec Bank Holdings Ltd Earnings Call Transcript

Apr 12, 2022 / 06:00AM GMT
Release Date Price: R2269.98 (-1.52%)
Gerhardus Metselaar Fourie
Capitec Bank Holdings Limited - CEO & Executive Director

Good morning, ladies and gentlemen. It's been a great privilege to bring you the February '22 results of Capitec. I think if you look at the year, it's unfair that you need to look at it over a 2-year period. So if I look at those 2 years, since actually COVID has started, I think these 6 blocks actually stands out for what we've done. If I look at the first one, agility, the ability to manage through the whole COVID side and then also through the whole unrest. I think we as Capitec has done extremely well.

I still remember, with COVID, when it broke out, for 4, 5 months, we had to say, how do we handle it? And then we actually said, how are we going to grow and how are we going to capture market share in that period. The result of all of that is that our earnings growth has been 16% since February '22 -- February '20. And I think that is a tremendous achievement, to be able to say you grew through COVID and through the unrest with 16%. I think that is a remarkable achievement. We've added 4.3 million new

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