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

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

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The National Bank of Ras Al-Khaimah (P.S.C.) (Rakbank) is a public shareholding company focused on providing retail, commercial, and Islamic banking, as well as treasury services. Its major products include credit cards, home loans, personal loans, investment solutions, and current accounts. Rakbank serves individual customers, small and medium enterprises (SMEs), government entities, large corporates, and financial institutions. The bank operates through a network of branches across the UAE, including locations in Dubai, Abu Dhabi, Sharjah, Ajman, and Fujairah. It offers services through both digital and physical channels, catering to a diverse customer base. Its operations are primarily focused on the UAE market. Rakbank is headquartered in Ras Al-Khaimah, the UAE.

 Gain a 360-degree view of The National Bank of Ras Al-Khaimah (P.S.C.) and make more informed decisions for your business Gain a 360-degree view of The National Bank of Ras Al-Khaimah (P.S.C.) and make more informed decisions for your business Learn more
Headquarters United Arab Emirates
Address Sheikh Mohammed Bin Zayed Rd, Ras Al Khaimah City, Ras al-Khaimah
Website www.rakbank.ae
Telephone 971 7 2062222
No of Employees 2,136
Industry Financial Services
Ticker Symbol & Exchange RAKBANK (ABD)
Revenue (2024) $2.1B 12.9% (2024 vs 2023)
EPS XYZ
Net Income (2024) XYZ 16.2% (2024 vs 2023)
Market Cap* $5.0B
Net Profit Margin (2023) XYZ 3.0% (2024 vs 2023)
* As of and is in US$
View The National Bank of Ras Al-Khaimah (P.S.C.) financials
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The National Bank of Ras Al-Khaimah (P.S.C.) premium industry data and analytics

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on The National Bank of Ras Al-Khaimah (P.S.C.)’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Accounts and Deposits: Wealth management Rakbank
Savings Islamic Banking Services
Current Account Invoice Discounting
XYZ XYZ
XYZ XYZ
XYZ XYZ
Understand The National Bank of Ras Al-Khaimah (P.S.C.) portfolio and identify potential areas for collaboration Understand The National Bank of Ras Al-Khaimah (P.S.C.) portfolio and identify potential areas for collaboration Learn more

History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2026 Others In April, the bank reiterated its commitment to UAE SMEs, unveiling measures to support business resilience, sustain credit availability, and promote growth amid increased global uncertainty.
2026 Corporate Awards In March, Rakbank Elite won two major titles at the Euromoney Private Banking Awards 2026.
2026 Divestiture In March, the bank sold its merchant acquiring business, which is part of retail banking, to Network International LLC.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Learn more
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Competitor Comparison

Key Parameters The National Bank of Ras Al-Khaimah (P.S.C.) Emirates NBD Bank PJSC Mashreqbank PSC Abu Dhabi Islamic Bank National Bank of Fujairah PJSC
Headquarters United Arab Emirates United Arab Emirates United Arab Emirates United Arab Emirates United Arab Emirates
City Ras Al Khaimah City Dubai Dubai Abu Dhabi Fujairah
State/Province Ras al-Khaimah Dubai Dubai Abu Dhabi Fujairah
No. of Employees 2,136 6,922 2,460 5,000 878
Entity Type Public Public Public Public Public
Benchmark the company against the market with exclusive information on key competitors Benchmark the company against the market with exclusive information on key competitors Learn more
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Executives
Name Position Board Since Age
Raheel Ahmed Chief Executive Officer Senior Management 2022 -
Dongjun Choi Group Chief Customer Officer Senior Management 2022 -
Mohammad Jaffer Nini Group Chief Financial Officer Senior Management 2023 -
Venkat Raghavan Group Chief Compliance Officer Senior Management - -
Farhan Mahmood Group Chief Risk Officer Senior Management - -
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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