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 and net income from Islamic financing widened to AED 1.75 billion in 9M-22 from AED 1.62 billion in 9M-21, according to the financial results.

Likewise, the total assets amounted to AED 63.83 billion during the January-September 2022 period, versus AED 56.30 billion as of 31 December 2021.

The basic and diluted earnings per share (EPS) stood at AED 0.53 in 9M-22, versus AED 0.32 in 9M-21.

In the third quarter (Q3) of 2022, the net profits attributable to the shareholders reached AED 353.11 million higher than AED 228.16 million in the year-ago period.

The total net interest income and net income from Islamic financing surged to AED 652.79 million in Q3-22 from AED 546.48 million in Q3-21, whereas the basic and diluted EPS rose to AED 0.21 from AED 0.14.

During the first half (H1) of 2022, the net profits attributable to the owners of RAKBANK enlarged by 72.40% to AED 527.40 million, compared to AED 306 million in H1-21.