Capitec, South Africa’s biggest retail bank by customer numbers, wants to grow its international footprint after its investments in technology helped drive market-share gains in its value-added service offering.
Capitec aims to grow Avafin, its international online consumer loan offering, after increasing its shareholding to 97.69% from 40.66% in March 2024. Avafin operates in Poland, Latvia, Spain, the Czech Republic and Mexico, underscoring the group’s geographical diversification. Avafin contributed R66m to group net profit in the six months ended August 2024...
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