Why SA's Capitec is Best Bank in the World

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Capitec bank has partnered with the department of home affairs to beat financial fraud. (Duncan Alfreds, Fin24)
Capitec bank has partnered with the department of home affairs to beat financial fraud. (Duncan Alfreds, Fin24)

Cape Town - The rise of Capitec Bank Holdings [JSE:CPI] as South Africa’s leading bank seems to have no end with the bank now regarded as the Best Bank in the World.

This is according to the Lafferty Group’s 2017 Global Bank Quality Benchmarking study. It ranks 100 major quoted banks across 32 countries for their longer-term sustainability and gives its highest ratings to banks that focus on serving their clients’ needs in retail and corporate banking.

It found that South Africa’s banks achieved the highest rankings for the second year in a row. The Lafferty Group’s ratings are based on information available in the public domain such as each bank’s business model, assessed in terms of factors like strategy, culture and management.

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