[3] The bank is headquartered in Sandton, South Africa,[1] and provides products and services in retail banking, corporate finance, asset management, equity brokerage and security.

[4] It is a fully owned subsidiary of Mercantile Bank Holdings Limited, which in turn is owned by the holding company registered in Portugal – Caixa Geral de Depósitos S.A.

[3] In October 2019, the South African Minister of Finance and other Regulatory Authorities formally approved Capitec's purchase and acquisition of Mercantile Business Bank.

Earlier in 1995, the Portugal state-owned bank – Caixa Geral de Depósitos (CGD) had acquired a 27% stake in MLBH through its subsidiary Banco Nacional Ultramarino (presently the Macau based Banco Nacional Ultramarino SA).

In August 1998, Mercantile Lisbon Bank Holdings (MLBH) was listed on the Johannesburg Securities Exchange South Africa (now JSE Ltd).