Capitec Bank Holdings Ltd (OTCPK:CKHGY)
$ 89.55 0.29 (0.32%) Market Cap: 20.74 Bil Enterprise Value: 19.09 Bil PE Ratio: 31.15 PB Ratio: 8.21 GF Score: 88/100
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Q2 2020 Capitec Bank Holdings Ltd Earnings Call Transcript

Sep 26, 2019 / NTS GMT
Release Date Price: $43.17
Gerhardus Metselaar Fourie
Capitec Bank Holdings Limited - CEO & Executive Director

Okay. Good morning, ladies and gentlemen. Must be enjoyable because it's not chilly and cold this morning. A special word of welcome to Santie. As you know, she's taken over from Riaan as our new Chairperson -- chairwoman always uncertain while you talk about it. And yes, I think they also a very appropriate, very special thanks for Riaan for his contribution of 18 years at the bank, I think, leading us from the beginning and then being Chairman for the last past 6 years.

I'm going to start over with the interim results. I think that's what you want to hear. If I look at the interim results, if I look at the big drivers of growth, I think the first one is brand acceptance. And this figure is 2 million new clients that's joined us from August last year. I've said here in March, we're doing 200,000 per month. And I'm really hoping that it will all come down, but it's staying at 200,000, 230,000, 240,000 per month, so there's a big influx of clients. So I think the brand is really taking off. And it's actually

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