National Bank of Ras Al Khaimah PSC

Common Name

RAKBANK

Country

United Arab Emirates

Sector

N/A

Industry

N/A

Employees

N/A

Ticker

RAKBANK

Exchange

ABU DHABI SECURITIES EXCHANGE

Website

www.rakbank.ae

Description

National Bank of Ras Al-Khaimah PSC, commonly known as RAKBANK, is a prominent financial institution in the United Arab Emirates. Primarily offering retail and business banking services, RAKBANK provi... Show more

Income Statement Balance Sheet

Financial Statements of RAKBANK

Below are the financial statements of RAKBANK, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

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All figures in millions of AED	2024 as of 2024-12-31	2023 as of 2023-12-31
Assets	—	—
Cash and balances with UAE Central Bank	8,770.31^a	5,725.12^a
Due from other banks, net	12,360.6^a	12,386.5^a
Investment securities measured at fair value	9,159.32^a	6,038.54^a
Investment securities measured at amortised cost	7,444.28^a	7,199.53^a
Loans and advances, net	47,223.94^a	39,467.5^a
Reinsurance contract assets	231.58^a	176.31^a
Customer acceptances	406.61^a	273.35^a
Other assets	1,682.25^a	1,740.85^a
Property and equipment	552.25^a	485.15^a
Right-of-use assets	117.63^a	109.82^a
Goodwill and intangible assets	376.63^a	351.97^a
Total assets	88,325.41^a	73,954.63^a
Liabilities and equity	—	—
Liabilities	—	—
Due to other banks	7,099.48^a	6,717.59^a
Deposits from customers	59,649.68^a	50,395.14^a
Customer acceptances	406.61^a	273.35^a
Debt securities issued and other long-term borrowings	4,937.82^a	3,482^a
Insurance contract liabilities	481.32^a	383.31^a
Other liabilities	2,922.99^a	2,231.68^a
Lease liabilities	106.81^a	103.3^a
Deferred tax liability	8.92^a	13.73^a
Subordinated note	915.11^a	0^a
Total liabilities	76,528.73^a	63,600.11^a
Equity	—	—
Share capital	2,011.5^a	2,011.5^a
Legal reserve	1,128.8^a	1,128.8^a
Retained earnings	5,458.93^a	4,019.39^a
Other reserves	3,166.37^a	3,167.38^a
Equity attributable to owners of the Bank	11,765.6^a	10,327.07^a
Non-controlling interests	31.08^a	27.46^a
Total equity	11,796.68^a	10,354.53^a
Total liabilities and equity	88,325.41^a	73,954.63^a

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Verified Sources Behind RAKBANK’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore RAKBANK’s data sources below and access millions more through our Disclosure Search.

a. RAKBANK's Integrated Report 2024

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National Bank of Ras Al Khaimah PSC

Financial Statements of RAKBANK

Verified Sources Behind RAKBANK’s Financial Fundamentals Data

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