March 24, 2017 / 2:21 PM / 6 months ago

BRIEF-Capitec Bank to invest in Cream Finance Holding

March 24 (Reuters) - Capitec Bank Holdings Ltd:

* Investment in an international online lending group

* Found a suitable international investment opportunity in Cream Finance Holding Limited (“Creamfinance”)

* Creamfinance is registered in Cyprus, provides online consumer loan products in countries including Poland, Latvia, Georgia, Czech Republic

* Creamfinance will provide Capitec’s management with opportunity to gain experience in entering and operating in foreign countries

* Capitec will not be involved in day to day operation of creamfinance, will focus on providing strategic input Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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