The National Bank of Ras Al Khaimah (RAKBANK) Overview
Pro stress-test →RAKBANK is one of the oldest and most dynamic banks in the UAE, founded in 1976 and transformed in 2001 to focus on personal and business banking. Operating through 20 branches and offering digital banking solutions, the bank provides personal, wholesale, and business banking services. The bank recently crossed 100 billion in total assets with FY2025 profit reaching 2.6 billion AED, up 26% YoY.
Strategic Profile
Pro stress-test →The bank is 52.76% owned by the government of Ras Al Khaimah with an international board. RAKBANK's transformative digital journey aims to be a 'digital bank with a human touch,' accompanying customers during key moments. Economic diversification and pro-business reforms in Ras Al Khaimah are creating strong momentum for growth.
Competitive Landscape
Pro stress-test →RAKBANK is one of the oldest and most dynamic banks in the UAE. It competes with other regional and national UAE banks in retail, wholesale, and business banking segments. The bank's government backing, digital capabilities, and focus on SME banking differentiate it within the competitive landscape.
Industry Context
The National Bank of Ras Al Khaimah (RAKBANK) operates in Banking & Financial Services.
Key facts
Founded: 1976 · Headquarters: Ras Al Khaimah, UAE