Capitec expects earnings to fall at least a quarter
Largest retail bank calls the financial year ending February 2021 a tale of two halves
08 March 2021 - 19:42
The country’s largest retail bank expects earnings to fall by a quarter for the year ending February 2021 as the effect of a slower economy and higher bad debt provisions weigh on an otherwise impressive two-decade growth story.
Ahead of the publication of its full-year results in April, Capitec says headline earnings for the past year are expected to decline 25%-29% compared to the same period a year ago. ..
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