Capitec posted a 19% increase in headline earnings per share and added 14 000 new credit card clients per month in the year ended February 28, 2019.
The bank released its audited financial statements for the year ended February on Thursday morning.
Headline earning per share rose to R45.77, up from R38.58 over the previous period. Headline earnings, meanwhile, were up 19% to R5.29bn.
Total dividends per share for the financial year were up 19% to R17.50.
In a statement the bank said that its growth was due to a continued focuse on fundamentals.
"Clients trust a solution that they understand, which is reliable and transparent. This focus resulted in an enhanced credit offering and an increase in transactions due to sustained acquisition of banking clients," it said.
The bank said it was still adding clients at a healthy rate. Its clients grew by 1.5 million new customers, or 15%, to 11.4 million clients in the year ended February.
“Simplicity permeates the way we design our banking solutions, pricing and digital services, as this puts our clients in control of their money. We have also increased our focus on delivering solutions that continue to reduce the cost of banking," said Capitec CEO Gerrie Fourie.
The results were announce the day after Capitec again came out tops in the annual Consulta SA Customer Satisfaction Index (SA-csi) for Banking.
A total of 15 542 consumers from lower, middle and upper retail banking segments were surveyed to establish the overall level of satisfaction of customers of SA's big six retail banks; Capitec, FNB, Nedbank, Absa, Standard Bank and African Bank.
According to the index, Capitec once again leads by a significant margin, followed by FNB.