The National Bank of Ras Al-Khaimah (P.S.C.)

Overview

The National Bank of Ras Al-Khaimah (P.S.C.) (Rakbank) is a provider of banking and other related financial services, with prime focus on individual, commercial, corporate and institutional customers. Its portfolio of offerings under personal banking comprise of savings and current accounts, fixed deposits, overdrafts, auto and personal loans, farm loans, mortgage loans, debit and credit cards, life and non-life insurance, and saving plans. Under business banking, its offerings consists of fund and non-fund based overdrafts, checking account, business loans, corporate cards, trust receipts and guarantees, foreign exchange solutions and treasury services. In addition to the above, Rakbank provides electronic banking services including online, mobile, telephone and SMS banking services. The bank distributes its products and services through a network of its branches, ATMs and direct sales network, and through online banking in the UAE. Rakbank is headquartered in Ras Al-Khaimah, the UAE.
Key Stats
Address
Emirates Road, Al Rifa Area, , P.O. Box 5300, RAS AL KHAIMAH CITY, United Arab Emirates
Headquarters

United Arab Emirates

Contact

971 7 2062222

Website
www.rakbank.ae
No of Employees

723

Industry

Financial Services

Ticker Symbol & Exchange​

RAKBANK [ABD]

Revenue (2020)

$1,115 m

-15.3% (2020 vs 2019)
Net Income (2020)

$137 m

-54.1% (2020 vs 2019)
Net Profit Margin

12 %

-45.7% (2020 vs 2019)
Market Cap *

$1,825 m

EPS *

$0.1

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters The National Bank of Ras Al-Khaimah (P.S.C.)Emirates NBD BankMashreqbank PSCNational Bank of Fujairah PSC
Key Information
Headquarters United Arab Emirates United Arab Emirates United Arab Emirates United Arab Emirates
Headquarter City RAS AL KHAIMAH CITY DUBAI DUBAI FUJAIRAH
Headquarter State/Province - - - -
No. of Employees 723 6,922 1,913 719
Entity Type Public Public Public Public

Products & Services

Rakbank is a provider of retail, wholesale and business banking solutions and treasury services in the UAE. Key products and services offered by the bank include:

Products
  • Accounts and Deposits:
  • Savings
  • Current Account
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
Services
  • Islamic Banking Services
  • Invoice Discounting
  • Bills Discounting
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Mahadevan Radhakanthan Chief Credit Officer Senior Management 2017 - Mr. Mahadevan Radhakanthan has been the Chief Credit Officer of RAKBANK since January 2017. He holds more than 26 years...
Geoffrey Stecyk Chief Operating Officer Senior Management 2015 - Mr. Geoff Stecyk has been the Chief Operating Officer of the bank since June 2015. Prior to this, he served...
Peter England Chief Executive Officer Senior Management 2013 - : Mr. Peter England has been the Chief Executive Officer of Rakbank since November 2013. Prior to joining the bank,...
Deepak Majithia Chief Financial Officer Senior Management 2013 - Mr. Deepak Majithia has been the Chief Financial Officer of the bank since 2013. Previously, he served as the Country...
Non Dignissim Eros Proin vel Convallis 2015 XX In vitae nisi ut tortor rutrum suscipit vel vitae ligula. Mauris sed tellus non augue ultricies ultricies. Aliquam vitae urna congue.
Non Dignissim Eros Proin vel Convallis 2015 XX In vitae nisi ut tortor rutrum suscipit vel vitae ligula. Mauris sed tellus non augue ultricies ultricies. Aliquam vitae urna congue.

History

Year Event Description
2021 Contracts/Agreements In July, the company and the Ajman Free Zone signed a MoU to form a…
2020 Contracts/Agreements In December, the company entered into a partnership with MetLife to provide life insurance solutions…
2020 Contracts/Agreements In May, the company entered into a partnership with Bank Asia to launch real-time money…
2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


Ras Al Khaimah National Insurance Co PSC

Address

506 Al Nakheel, P.O.Box, RAS AL KHAIMAH CITY
United Arab Emirates

Telephone

971 7 2273000

Website

www.rakinsurance.com

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
10 May 2018 National Bank of Ras Al-Khaimah (RAKBANK) Partners with Air Arabia and Mastercard to Launch Co-Branded Credit Card Partnership The National Bank of Ras Al-Khaimah (P.S.C.); Air Arabia PJSC; Mastercard Inc
03 May 2017 National Bank of Ras Al-Khaimah (RAKBANK) Partners with C3 Card International Partnership The National Bank of Ras Al-Khaimah (P.S.C.); C3 Card International LTD, Inc.
28 May 2015 National Bank of Ras Al-Khaimah (RAKBank) Acquires 79.23% Stake in Ras Al Khaimah National Insurance (RAK Insurance) Acquisition The National Bank of Ras Al-Khaimah (P.S.C.) Ras Al Khaimah National Insurance Co PSC
02 Feb 2015 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
29 Jan 2015 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
18 Aug 2014 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

1

Active Jobs

0

Posted

0

Closed

Job Trends

Latest Jobs

Job title Company Country
Internal Auditor The National Bank of Ras Al-Khaimah (P.S.C.) United Arab Emirates
Marketing Officer (Temporary Contract) The National Bank of Ras Al-Khaimah (P.S.C.) United States
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar