Archive · 22 Sep 2025
Discovery Bank Aims for Loan Growth, Profit Surge by 2029
Discovery Bank, a South African bank, is growing quickly.
It broke even earlier than expected and aims to nearly double its customers by 2029.
They want to increase loans to make more money.
The bank plans to reach a profit of 3 billion rand in the next four years.
They're introducing new features, like an AI tool and WhatsApp access, to keep up with the competition.
The goal is to keep expanding their loan business and increase the ratio of loans to deposits.
Discovery Bank aims to nearly double its customers by 2029.
The bank seeks to increase profits to 3 billion rand by 2029.
Discovery Bank broke even in the second half of the fiscal year.
The lender plans to grow its loan business.
New products include AI tools and access via WhatsApp.
- Who
- Discovery Bank
- What
- Plans to increase customers and lending.
- When
- By 2029
- Where
- South Africa
- Why
- To boost profit.
- Bank Name
- Discovery Bank
- Parent Company
- Discovery Ltd.
- Current Clients
- 1.2 million
- Target Clients (2029)
- 2 million
- Expected Profit (2029)
- 3 billion rand ($173 million)
- Loss (Fiscal Year)
- 68 million rand