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Five star Capitec rated by Lafferty as best bank in the world - again

Five star Capitec rated by Lafferty as best bank in the world - again

For the second successive year South African banks have been rated the very best in the world in the annual Global Bank Quality Benchmark compiled by the Lafferty Group. The analysis, which assesses factors like management and strategy alongside the normal balance sheet data, rates Capitec the only five star bank on earth, with Absa one of only seven to get four stars. SA's other three major banks, FirstRand, Standard and Nedbank, are all at four stars, giving them the highest average of any country. In this fascinating interview the banking research specialist's founder and chairman Michael Lafferty unpacks the reasons why South African banks rate so highly. - Alec Hogg

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