Last 8.25 AED
Change Today 0.00 / 0.00%
Volume 20.8K
RAKBANK On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 5:00 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

national bank of ras al-khai (RAKBANK) Snapshot

Open
8.25
Previous Close
8.25
Day High
8.25
Day Low
8.25
52 Week High
08/25/14 - 10.00
52 Week Low
12/16/14 - 7.05
Market Cap
13.8B
Average Volume 10 Days
154.8K
EPS TTM
0.87
Shares Outstanding
1.7B
EX-Date
--
P/E TM
9.5x
Dividend
0.50
Dividend Yield
6.06%
Current Stock Chart for NATIONAL BANK OF RAS AL-KHAI (RAKBANK)

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national bank of ras al-khai (RAKBANK) Details

The National Bank of Ras Al-Khaimah (P.S.C.) provides retail, commercial, Islamic financing, and other banking services in the United Arab Emirates. It operates in three segments: Retail Banking, Corporate Banking, and Treasury. The company offers private customer current accounts; savings accounts; fixed and call deposits; credit and debit cards; customer loans; mortgages; loans, advances, deposits, and trade finance transactions; and transactions with government and public bodies, and small and medium entities. It also provides home, personal, auto, farm, and finance loans; overdrafts and salary advances; value collection, wealth management, and Islamic banking services; and SME business finance solutions, such as working capital solutions, trade finance products, and foreign exchange solutions. In addition, the company offers commercial banking products comprising fund based overdrafts, bills discounting, invoice discounting, import and export financing, contract financing, structured deals, non fund based letters of credit, guarantees, and documentary collections, as well as loans, including asset backed financing. Further, it incorporates activities of the dealing room, related money market, and foreign exchange transactions 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 34 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

National Bank of Ras Al Khaimah Raises Additional $300 Million in Bonds

The National Bank of Ras Al Khaimah announced that it has successfully raised an additional $300 million funding as an add-on to its existing $500 million 3.250% bond due on June 2019. The additional funding was issued at a cash price of 100.875. The funding falls under Rakbank's $1-billion Euro Medium Term Note (EMTN) programme, which was set up in June 2014.

The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Year 2014

The National Bank of Ras Al-Khaimah (P.S.C.) reported earnings results for the year 2014. The company's net profit moved 1.7% higher to AED 1.455 billion in 2014. Total operating income rose 12.9% on the year to AED 3.56 billion helped by an 11.8% increase in net interest income and income from Islamic financing to AED 2.8 billion. Operating profit before provisions increased by 15.7% from the previous year.

The National Bank of Ras Al-Khaimah (P.S.C.), Board Meeting, Jan 26, 2015

The National Bank of Ras Al-Khaimah (P.S.C.), Board Meeting, Jan 26, 2015.

 

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RAKBANK

Industry Average

Valuation RAKBANK Industry Range
Price/Earnings 9.5x
Price/Sales 4.7x
Price/Book 1.9x
Price/Cash Flow 9.5x
TEV/Sales 3.4x
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