Capitec Bank | Actively managing the book
Capitec's H1 '20 results highlighted that the bank's earnings growth prospects remain strong despite challenging SA economic conditions. Capitec is managing its loan book towards higher quality and higher growth segments of the SA unsecured lending market. Despite 20% CAGR in earnings over the next three years, we find the stock expensive at current levels. In our view, muted SA economic growth and deteriorating consumer credit health represents the greatest threat to Capitec's earnings growth over the next three years.Capitec Bank a bank controlling company.Through its subsidiaries, Co. is engaged in providing banking services and provides savings, transacting and un–secured lending products to individuals. Co. provides a nationwide network of 668 branches and 3,418 Automated Teller Machines at which clients can gain access to its banking services. As of Feb 28 2015, Co.'s total assets amounted to R53 916 475,000.
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