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.) (Rakbank) is a provider of personal and business banking and other financial products and services. Capital adequacy, digital transformation, customer deposits, and market position are some of its major strengths, even as its increase in operating expenses remains an area for concern. Growing markets for payment channels in the UAE, strategic initiatives, and the short-term economic outlook in the UAE are likely to present new growth opportunities to the bank. However, cybersecurity risks, operational risks, and liquidity risk could affect the bank’s performance.
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