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Last 7.70 AED
Change Today 0.00 / 0.00%
Volume 250.0K
As of 6:00 AM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

national bank of ras al-khai (RAKBANK) Snapshot

Previous Close
Day High
Day Low
52 Week High
08/25/14 - 10.00
52 Week Low
12/16/14 - 7.05
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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national bank of ras al-khai (RAKBANK) Details

The National Bank of Ras Al-Khaimah (P.S.C.) provides retail and commercial banking services in the United Arab Emirates. It operates in three segments: Retail Banking, Business Banking, and Treasury. The company offers private customer current accounts; savings accounts; fixed and call deposits; credit and debit cards; customer loans; mortgages; trade finance transactions; and transactions with government and public bodies, and small and medium entities. It also provides home, personal, auto, and finance loans; overdrafts and salary advances; Islamic banking and wealth management services; and SME business finance solutions, such as working capital solutions, trade finance products, and foreign exchange solutions. In addition, the company offers financing solutions, such as equipment and asset based finance; trade products to finance import and exports; commercial real estate finance; loans against real estate; and transaction solutions comprises payments, collections, deposits, balance sweeping facility, wage protection system, interest bearing call, and current accounts and online banking capability services. Further, it incorporates activities of the dealing room, related money market, and foreign exchange transactions and hedging activities with other banks and financial institutions; and provides term assurance, motor, travel, life, home, illnesses, personal accident, and sickness or maternity insurance products. The company serves its customers through a network of 35 branches. The National Bank of Ras Al-Khaimah (P.S.C.) was founded in 1976 and is headquartered in Ras Al-Khaimah, the United Arab Emirates.

Founded in 1976

national bank of ras al-khai (RAKBANK) Top Compensated Officers

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Executives, Board Directors

national bank of ras al-khai (RAKBANK) Key Developments

The National Bank of Ras Al-Khaimah (P.S.C.), Board Meeting, Jun 15, 2015

The National Bank of Ras Al-Khaimah (P.S.C.), Board Meeting, Jun 15, 2015., at 10:30 Indian Standard Time. Agenda: To discuss general business matters.

The National Bank of Ras Al-Khaimah (P.S.C.) Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Charge for the Quarter Ended March 31, 2015

The National Bank of Ras Al-Khaimah (P.S.C.) reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest of AED 653,605,000 against AED 616,414,000 a year ago. Operating income was AED 932,317,000 against AED 824,677,000 a year ago. Operating profit before provision for impairment was AED 555,276,000 against AED 464,910,000 a year ago. Net profit for the period was AED 362,200,000 against AED 334,568,000 a year ago. Net profit attributed to equity holders of the bank was AED 362,200,000 against AED 334,568,000 a year ago. Basic and diluted earnings per share were AED 0.22 against AED 0.20 a year ago. Net cash generated from operating activities was AED 4,064,915,000 against AED 732,337,000 a year ago. Purchase of property and equipment was AED 9,242,000 against AED 9,595,000 a year ago. Return on assets was at 4.1% and return on equity was at 20.1%. The total impairment charge for the quarter increased by AED 62.7 million to AED 193.1 million. This is largely due to an increase in provisions in personal loans, overall growth in the loan book and the bank continuing to take further precautionary provisions on its restructured book.

RAKBank Approves Cash Dividend for the Year Ended December 31, 2014

RAKBank has said that its shareholders approved the distribution of a cash dividend of 50%, that is AED 0.50 per share for the financial year ended December 31, 2014.


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Valuation RAKBANK Industry Range
Price/Earnings 8.7x
Price/Sales 4.3x
Price/Book 1.7x
Price/Cash Flow 8.7x
TEV/Sales 0.9x

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