Discovery Bank enters a new era with 600% profit jump

• Discovery Bank has declared its first annual profit, with the bank's normalised profit from operations surging 600% to R370 million.
• The bank's first profit was revealed in Discovery's annual results for the financial year ended 30 June 2026, and the insurer aims to grow its normalised annual profit by more than 15% through 2029.
• Discovery Bank's client base grew by 26% to 1.57 million clients, with total accounts growing to 3.77 million.