The National Bank of Ras Al Khaimah (RAKBANK) posted record net profit after tax of Dh1.7 billion, growth of 25 per cent, driven by growth in loan portfolio across all business segments, improved…
Tag: RAKBank
RAKBank books profit after tax of Dh1.1b helped by sustained SME lending
Dubai: RAKBank has closed the first-half of 2024 with a ‘record’ net profit after tax of Dh1.1 billion, up a healthy 21 per cent. Overall income came to Dh2.3 billion, up 87…
On new loans, UAE SMEs are not waiting for US interest rate cuts to happen: RAKBank MD
“These business operations are not as rate sensitive as the UAE’s bigger companies, and who might be waiting for the Fed decision.” In broad terms, current lending rates to SMEs start from…