The National Bank of Ras Al Khaimah (RAKBANK) News - Mubasher Info
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10 May 07:18 PM

The National Bank of Ras Al Khaimah (RAKBANK)

Last update: 02:55 PM market time.
5.10
0.09
1.80%
Open 5.02
Previous Close 5.01
High 5.10
Low 5.02
Stock Statistics
Volume 362,916
Turnover 1,850,223.60
All data are 15 minutes late during market session

News

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28 April 12:15 PM RAKBANK logs AED 574m profits in Q1-24
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) witnessed an annual leap in net profits to AED 574.19 million during the first quarter (Q1) of 2024, compared to AED 450.32 million. The ADX-listed lender registered operating …
Financial Results
Photo Archive
19 March 12:15 PM RAKBANK announces 2 key appointments
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) appointed Mohamed Omran Al Shamsi as the Chairman of the board. The lender’s board members also elected Shaikha Amneh Al Qasimi as the Vice Chairperson, according to a bourse …
Corporate Actions
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30 January 10:03 AM RAKBANK’s net profits jump 53.5% in 2023
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) logged net profits amounting to AED 1.78 billion in 2023, an annual surge of 53.40% from AED 1.16 billion. Operating income hit AED 4.40 billion as of 31 December 2023, higher by …
Financial Results
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4 December 2023 09:48 AM Moody’s affirms RAKBANK ‘Baa1/ P-2’ rating; outlook stable
Abu Dhabi – Mubasher: Moody's Investor Service has reaffirmed the ‘Baa1/ P-2’ rating to the National Bank of Ras Al Khaimah (RAKBANK), with a stable outlook. The obligations rated Baa are subject to moderate credit risk, according to a bourse …
Banking and Finance
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30 November 2023 00:58 PM ADGM launches financing digital platform Numou; investments by 3 banks unveiled
UAE – Mubasher: Abu Dhabi Global Market (ADGM) has introduced Numou, a digital platform created to bridge the funding gap faced by small and midsize enterprises (SMEs). This digital platform marks a pivotal step in anchoring the SME ecosystem …
Trading Activities
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24 October 2023 01:59 PM RAKBANK generates AED 1.35bn profits in 9M-23
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) registered a 53.90% year-on-year (YoY) hike in net profit to AED 1.35 billion during the first nine months (9M) of 2023, versus AED 878.80 million. Operating income climbed by …
Banking and Finance
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26 July 2023 01:26 PM RAKBANK logs 71% higher net profits in H1-23
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) generated net profits amounting to AED 900.80 million in the first half (H1) of 2023, an annual hike of 70.80% from AED 527.40 million. The UAE lender registered a total income …
Financial Results
Photo Archive
27 April 2023 10:49 AM RAKBANK unveils higher profits in Q1-23, capital raise proposal
Abu Dhabi – Mubasher: The net profits attributable to the owners of National Bank of Ras Al Khaimah (RAKBANK) hit AED 451.20 million in the first quarter (Q1) of 2023, versus AED 220.82 million in Q1-22. Basic and diluted earnings per share (EPS) …
Corporate Actions
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26 February 2023 10:12 AM RAKBANK’s 2022 profits to owners hike to AED 1.17bn
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) logged net profits attributable to the shareholders worth AED 1.17 billion in 2022, compared to AED 756.12 million in 2021. RAKBANK registered operating income worth AED 3.45 …
Banking and Finance
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25 October 2022 06:03 PM RAKBANK registers AED 885m profits in 9M-22
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) generated AED 884.39 million in net profit attributable to the owners during the first nine months (9M) of 2022, compared to AED 532.47 million in 9M-21. The net interest income …
Financial Results
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26 July 2022 06:46 PM RAKBANK’s profits leap 72.5% in H1-22
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has reported net profits of AED 527.40 million in the first half (H1) of 2022, an annual hike of 72.40% from AED 306 million. The bank's net interest income and net income from …
Financial Results
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18 July 2022 10:34 AM RAKBANK, Kraken to offer UAE's 1st AED-denominated virtual asset trading
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) and Kraken MENA (Kraken), a digital asset exchange, will launch the UAE's first AED-denominated virtual asset trading through local bank accounts. As regulated by the Central Bank …
Banking and Finance
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28 June 2022 02:15 PM DIFC initiates 1st Open Finance Lab in region; listed banks participate
UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …
Banking and Finance
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27 April 2022 11:18 AM RAKBANK posts higher profits in Q1-22
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) posted a surge in its net profits attributable to the owners to AED 220.82 million in the first quarter (Q1) of 2022 from AED 113.31 million in the year-ago period, according to …
Financial Results
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14 April 2022 10:55 AM Fitch Ratings affirms RAKBANK's 'BBB+' rating; outlook stable
Abu Dhabi – Mubasher: Fitch Ratings has affirmed the long-term issuer default rating (IDR) of the National Bank of Ras Al Khaimah (RAKBANK) at 'BBB+', with a stable outlook. Affirming the bank's rating reflects low default risk and adequate …
Banking and Finance
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13 April 2022 10:28 AM RAKBANK's shareholders nod to 22.5% dividends for 2021
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of the National Bank of Ras Al Khaimah (RAKBANK) has approved a cash dividend distribution of 22.5% of the bank’s paid-up capital for 2021. The cash dividend payout stands at 22.5 fils per …
General Assembly
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2 February 2022 10:24 AM RAKBANK registers 50% higher profits in 2021
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) recorded a 50% year-on-year (YoY) rise in net profits to AED 758.3 million in 2021, compared to AED 505.4 million, as shown by the bank's consolidated financials for 2021. The …
Banking and Finance
Photo Archive
16 December 2021 04:00 PM RAKBANK appoints new CEO
Abu Dhabi – Mubasher: The board of National Bank of Ras Al Khaimah (RAKBANK) has appointed Raheel Ahmed as the bank's new CEO, effective from 3 January 2022. Raheel will succeed Peter England who will retire to Australia following an eight-year …
Banking and Finance
The bank's assets jumped to AED 54.49 billion as of 30 September 2021
26 October 2021 04:17 PM RAKBANK's net profits grow to AED 532m in 9M
Abu Dhabi – Mubasher: National Bank of Ras Al Khaimah (RAKBANK) reported AED 532.476 million net profits attributable to the owners during the first nine months of 2021, up from AED 436.044 million in the year-ago period, according to the interim …
Financial Results
The bank's total assets reached AED 54.312 billion as of 30 June
27 July 2021 02:02 PM RAKBANK reports lower profits in H1-21
Abu Dhabi – Mubasher: The net profits attributable to the owners of National Bank of Ras Al Khaimah (RAKBANK) declined to AED 304.308 million during the first half (H1) of 2021 from AED 305.154 million in the year-ago period, according to the …
Financial Results
The MoU aims to form a strategic alliance
5 July 2021 05:56 PM RAKBANK inks MoU with Ajman free zone
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) signed a memorandum of understanding (MoU) with Ajman Free Zone to form a strategic alliance to support small and medium-sized enterprises (SMEs) and help to develop a sustainable …
Banking and Finance
RAKBANK will grant SMEs up to AED 10 million financings
8 June 2021 01:13 PM Emirates Development Bank partners with RAKBANK to support SMEs
Abu Dhabi – Mubasher: Emirates Development Bank (EDB) has inked a Memorandum of Understanding (MoU) with National Bank of Ras Al Khaimah (RAKBANK) for small and medium-sized enterprises (SMEs) in the UAE to benefit from credit guarantee and …
Banking and Finance
The deal was arranged through Standard Chartered Bank
27 May 2021 03:15 PM RAKBANK completes another $75m Floating Rate Note issuance
Abu Dhabi – Mubasher: National Bank of Ras Al Khaimah (RAKBANK) has completed another issuance of $75 million two and a half-year Floating Rate Notes (FRN) at a coupon of three months USD LIBOR+100 basis points. The deal was arranged through …
Banking and Finance
The deal was arranged by First Abu Dhabi Bank
24 May 2021 04:35 PM RAKBANK issues $75m Floating Rate Notes
Abu Dhabi – Mubasher: National Bank of Ras Al Khaimah (RAKBANK) has concluded the issuance of $75 million Floating Rate Notes (FRN) at a coupon of 3 months USD LIBOR+100 basis points.  The two-and-a-half-year FRN was issued by RAK Funding Cayman …
Bonds
The bank's total assets rose to AED 53.231 billion as of 31 March 2021
28 April 2021 11:09 AM RAKBANK sees decline in net profits in Q1-21
Abu Dhabi – Mubasher: The net profits attributable to the owners of National Bank of Ras Al Khaimah (RAKBANK) decreased to AED 113.31 million in the first quarter (Q1) of 2021 from AED 153.099 million in the same quarter of 2020, according to the …
Banking and Finance