Capitec Bank Holdings (JSE:CPI)
Capitec Bank Holdings Limited (JSE:CPI) owns the operating subsidiary Capitec Bank Limited (Capitec Bank) that acquired Mercantile Bank Holdings Limited (Mercantile) on 7 November 2019.
Capitec Bank is the largest digital bank and the largest bank by active banking clients in South Africa. The company focuses on essential banking services and provides value for money, innovative transaction, saving, insurance and unsecured lending products to individuals. Through Mercantile the company provides transaction, savings and unsecured lending products to small businesses. Mercantile is a niche business and commercial bank servicing the needs of existing businesses. Its key differentiator is strong client relationships based on good service and an in-depth understanding of the needs of the South African entrepreneur.