CAPITEC BANK LIMITED - S&P Global Ratings (S&P) Affirms Capitec Banks National Scale Ratings

S&P Global Ratings (“S&P”) Affirms Capitec Bank’s National Scale Ratings

Capitec Bank Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1999/025903/06
Registered bank controlling company
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
("Capitec")

Capitec Bank Limited
Incorporated in the Republic of South Africa
Registration No. 1980/003695/06
Company code: BICAP
(“Capitec Bank”)

S&P GLOBAL RATINGS (“S&P”) AFFIRMS CAPITEC BANK’S NATIONAL
SCALE RATINGS

S&P has affirmed the global and national scale credit ratings
of Capitec Bank, the wholly owned subsidiary of Capitec.

The global scale long- and short-term ratings remain at
‘BB+/B’. The negative outlook for these ratings is unchanged
and is referenced to the South African sovereign’s outlook as
well as expected weak economic growth. The South African
national scale long-term ratings remain ‘zaAA’ and the short-
term ratings ‘zaA-1+’.

S&P’s report refers to the bank’s robust profitability, strong
capitalisation and liquidity ratios, which they state
demonstrates resilience despite low economic growth.

Stellenbosch
6 September 2017
Sponsor: PSG Capital

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