DURBAN - Capitec Bank has lashed back at the Viceroy Research Group for its latest report, which said that the bank uses “curing” methods to hide the disastrous underlying performance of its loan book.
It said Viceroy’s new report was again filled with factual inaccuracies, misleading half-truths and sensationalist statements.
“We again extend an open invitation to Viceroy to contact us and will be happy to clarify any questions about the industry and Capitec Bank.” Capitec said it had the backing of the various regulators and government institutions and have confirmed their support for Capitec since the release of the Viceroy Report.