The National Bank of Ras Al Khaimah (RAKBANK) News - Mubasher Info
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30 September 12:57 AM

The National Bank of Ras Al Khaimah (RAKBANK)

Last update: 29 September 02:44 PM market time.
7.76
-0.09
-1.15%
Open 7.85
Previous Close 7.85
High 7.92
Low 7.75
Stock Statistics
Volume 88,318
Turnover 685,024.23
All data are 15 minutes late during market session

News

Photo Archive
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 …
Macroeconomics
Photo Gallery
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 …
Event
Photo Archive
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 …
Banking and Finance
Photo Archive
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 …
Ratings
Photo Archive
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 …
Banking and Finance
Photo Archive
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 …
Financial Results
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 …
Banking and Finance
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 …
Banking and Finance
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 …
Bonds
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 …
Banking and Finance
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 …
Financial Results
The bank's total assets reached AED 52.8bn
3 February 2021 09:42 AM RAKBANK witnesses 53% drop in net profits in 2020; dividends proposed
Abu Dhabi – Mubasher: The consolidated financial results of the National Bank of Ras Al Khaimah (RAKBANK) showed a 53.9% drop in net profits to AED 505.4 million in 2020, compared to AED 1.095 billion in  2019. The bank's net interest income …
Banking and Finance
The bank's customers will be introduced to Mpower
14 December 2020 03:20 PM RAKBANK inks 10-year life insurance agreement with MetLife
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has entered into a 10-year strategic partnership with MetLife, a global life insurance company, to offer the bank's customers comprehensive life insurance solutions. Under the …
Banking and Finance
The rise in assets is driven by higher deposits
1 November 2020 00:55 PM Emirati banks report 11% higher assets in 9M
UAE – Mubasher: The total assets of ten Emirati banks jumped by 11.4% to AED 2.681 trillion during the first nine months of 2020, when compared to the same period of 2019, according to the Emirates News Agency (WAM). The ten banks comprise First …
Macroeconomics
The bank's total assets reached AED 52.3 billion
22 October 2020 03:33 PM RAKBANK sees lower earnings in 9M
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has reported AED 436.04 million net profits attributable to the owners during the January-September period of 2020, down from AED 839.13 million in the same period of 2019. Lower …
Financial Results
The lender's total income retreated by 4.5%
6 August 2020 10:32 AM RAKBANK's net profits decline by 45% in H1-20
Abu Dhabi – Mubasher: National Bank of Ras Al Khaimah (RAKBANK) saw a 44.7% decrease in net profits to AED 306.6 million for the January-June period of 2020, compared to AED 554.9 million in the same period of 2019. The bank's total assets reached …
Banking and Finance
The obligations rated at Baa are subject to moderate credit risks
21 June 2020 04:38 PM Moody's reaffirms RAKBANK's rating at Baa1/P-2, outlook negative
Abu Dhabi – Mubasher: Moody's Investors Service (Moody's) has reaffirmed the credit rating of National Bank of Ras Al Khaimah (RAKBANK) at Baa1/P-2, with a negative outlook. The obligations rated at the medium grade Baa are subject to moderate …
Ratings
The bank's total assets jumped by 11.7%
3 May 2020 10:33 AM RAKBANK sees 43% lower net profits in Q1-20
Abu Dhabi – Mubasher: The consolidated interim financial results of National Bank of Ras Al Khaimah (RAKBANK) showed a 43.2% plunge in net profits to AED 153.5 million during the first quarter of 2020 from AED 270.2 million in the same period of …
Financial Results
The distribution of dividends is equivalent to 30% of the bank's paid-up capital
30 March 2020 04:47 PM RAKBANK shareholders approve 30% cash dividends
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of the National Bank of Ras Al Khaimah (RAKBANK) has approved distributing AED 502.873 million cash dividends or 30 fils per share for 2019. The distribution of cash dividends is equivalent …
Cash Dividends
Net interest income grew to AED 2.802 billion
5 February 2020 10:47 AM RAKBANK’s net profit rises 19% in 2019; dividends proposed
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) reported a 19.4% year-on-year profit growth during 2019. The lender’s net profits grew by AED 117.7 million to AED 1.095 billion last year from AED 917.52 million in 2018, …
Banking and Finance
Operating income grew by 6% in 9M
23 October 2019 04:06 PM RAKBank reports 25% YoY profit hike in 9M
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBank) has posted a 25% year-on-year hike in profits attributed to the bank’s owners during the first nine months of 2019, recording AED 839.1 million. The bank ascribed the increase in …
Banking and Finance
This step bolsters DGCX’s expanding member community
22 October 2019 11:03 AM DGCX announces listing of RAKBANK
UAE - Mubasher: The Dubai Gold and Commodities Exchange (DGCX) on Tuesday announced it has welcomed the listing of the UAE-based National Bank of Ras Al Khaimah (RAKBANK) as a new trade member of the exchange. This step bolsters DGCX’s expanding …
Trading Activities