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

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Business Description

The National Bank of Ras Al-Khaimah (P.S.C.) (Rakbank) is a provider of retail, corporate and commercial banking products and other related financial services to private and corporate customers. Its offerings also comprise of financing solutions including loans and advances to clients across various sectors such as real estate and construction, manufacturing, financial institutions, mining, oil and gas, agriculture, transport and communication, government, and service sectors. As of December 31, 2019, the bank had assets of AED52,666.2 million, net loans of AED32,921.5 million, and deposits of AED37,144.1 million.

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Business Segments

Overview

Offers various corporate and commercial banking products and services to large corporates, and small and medium business entities. Its offerings include non-fund based overdrafts, checking account, trust receipts and guarantees, business loans, advances and deposits and trade finance solutions.

Performance

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Overview

Offers a range of life and non-life insurance products and services through its subsidiary Ras Al Khaimah National Insurance Company PSC.

Performance

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Overview

Offers various personal banking products and services to individuals customers. The various personal banking products offered by the bank comprises savings and current accounts, fixed deposits, overdrafts, auto and personal loans, farm loan, mortgage loan, debit cards, and credit cards.

Performance

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Overview

Provides a range of products and services addressing the commercial and trading needs of its clients. Offerings comprises spot and forward contracts, derivatives transactions, hedging solutions, interest rate money market transactions, foreign exchange and advisory services.

Performance

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Overview

Offers a range of financial products and services including loans, advances, deposits and trade finance transactions. Serves corporate clients such as financial institutions and government and public bodies.

Performance

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