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	2023
Interest income	4,567.91^a	3,951.07^a
Interest expense	-1,407.02^a	-1,039.77^a
Net interest income	3,160.89^a	2,911.3^a
Income from Islamic financing	666.55^a	618.49^a
Distribution to depositors	-265.4^a	-193.5^a
Net income from Islamic financing	401.15^a	424.99^a
Net interest income and net income from Islamic financing	3,562.04^a	3,336.29^a
Net fees and commission income	643.95^a	660.41^a
Foreign exchange & derivative income	351.61^a	326.09^a
Investment income	88.07^a	48.67^a
Insurance income	647.22^a	592.16^a
Insurance expense	-692.17^a	-632.96^a
Other operating income	111.81^a	73.53^a
Non-interest income	1,150.49^a	1,067.91^a
Operating income	4,712.52^a	4,404.2^a
General and administrative expenses	-1,658.41^a	-1,601.26^a
Operating profit before net impairment charge and tax	3,054.11^a	2,802.94^a
Net impairment charge	-776.02^a	-1,005.48^a
Profit before tax	2,278.09^a	1,797.46^a
Tax expense	-202.45^a	-13.73^a
Profit for the year after tax	2,075.64^a	1,783.73^a
Attributed to	—	—
Owners of the Bank	2,072.44^a	1,783.56^a
Non-controlling interests	3.21^a	0.17^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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