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 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 comprises 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 offering consist of fund and non-fund-based overdrafts, checking account, business loans, corporate cards, trust receipts and guarantees, foreign exchange solutions and treasury services. Rakbank also provides electronic banking services including online, mobile, telephone and SMS banking services. The bank offers 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.

 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 Find out more
Headquarters United Arab Emirates
Address Rak Operations Centre, Emirates Road, P.O.Box 5300, Ras Al Khaimah City, Ras al-Khaimah
Website www.rakbank.ae
Telephone 971 4 2130000
No of Employees 16,840
Industry Financial Services
Ticker Symbol & Exchange RAKBANK (ABD)
Revenue (2022) $1.7B 39.4% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 52.4% (2022 vs 2021)
Market Cap* $2.8B
Net Profit Margin (2022) XYZ 9.3% (2022 vs 2021)
* As of and is in US$
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 Find out more

History

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

Year Event Description
2024 Contracts/Agreements In April, the company partnered with DP World to provide innovative and affordable trade finance solutions to businesses of all sizes across the UAE.
2024 Contracts/Agreements In March, the company partnered with Air Arabia PJSC to renew the co-branded credit collaboration.
2023 New Products/Services In December, the company launched a new credit card for more than one million Emiratis in the UAE.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters The National Bank of Ras Al-Khaimah (P.S.C.) Emirates NBD Bank Mashreqbank PSC National Bank of Fujairah PSC United Arab Bank P.J.S.C.
Headquarters United Arab Emirates United Arab Emirates United Arab Emirates United Arab Emirates United Arab Emirates
City Ras Al Khaimah City Dubai Dubai Fujairah Sharjah
State/Province Ras al-Khaimah - - Fujairah -
No. of Employees 16,840 6,922 1,913 802 750
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 Find out more
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Executives
Name Position Board Since Age
Raheel Ahmed Chief Executive Officer Senior Management 2022 -
Peter Edward Roberts Chief Operating Officer Senior Management 2021 -
Venkat Raghavan Chief Compliance Officer Senior Management - -
Nicola Jane Thompson Chief - Internal Auditor Senior Management - -
Ahmed Yousef Chief Human Resources Officer Senior Management - -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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