Capital Bank Targets P100m In Profits

Monday, May 14, 2018

Capital Bank vows to maintain their reputation of making profit despite the tough environment that bedevils the banking sector, targeting a record P100 million in profits after tax by the end of 2019.

Presenting the bank’s financial results for the year ended December 31, 2017, the chief executive officer (CEO) Jaco Viljoen said that the bank is on track with its 2020 Strategy of realising double-digit growth for each financial year.

“To attain this, we would continue to retain our focus on the commercial banking markets and retain our current strategy, which has been working for us in the past five years,” he said.

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