The National Bank of Ras Al-Khaimah (P.S.C.) - Company Profile
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The National Bank of Ras Al-Khaimah (P.S.C.) (Rakbank) is a provider of banking and other related financial services, with prime focus on individual, commercial, corporate and institutional customers. Its portfolio of offerings under personal banking comprises of savings and current accounts, fixed deposits, overdrafts, auto and personal loans, farm loans, mortgage loans, debit and credit cards, life and non-life insurance, and saving plans. Under business banking, its offering consist of fund and non-fund-based overdrafts, checking account, business loans, corporate cards, trust receipts and guarantees, foreign exchange solutions and treasury services. Rakbank also provides electronic banking services including online, mobile, telephone and SMS banking services. The bank offers its products and services through a network of its branches, ATMs, and direct sales network, and through online banking in the UAE. Rakbank is headquartered in Ras Al-Khaimah, the UAE.
The National Bank of Ras Al-Khaimah (P.S.C.) premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Accounts and Deposits: | Wealth management | Rakbank |
Savings | Islamic Banking Services | |
Current Account | Invoice Discounting | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, the company partnered with DP World to provide innovative and affordable trade finance solutions to businesses of all sizes across the UAE. |
2024 | Contracts/Agreements | In March, the company partnered with Air Arabia PJSC to renew the co-branded credit collaboration. |
2023 | New Products/Services | In December, the company launched a new credit card for more than one million Emiratis in the UAE. |
Competitor Comparison
Key Parameters | The National Bank of Ras Al-Khaimah (P.S.C.) | Emirates NBD Bank | Mashreqbank PSC | National Bank of Fujairah PSC | United Arab Bank P.J.S.C. |
---|---|---|---|---|---|
Headquarters | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |
City | Ras Al Khaimah City | Dubai | Dubai | Fujairah | Sharjah |
State/Province | Ras al-Khaimah | - | - | Fujairah | - |
No. of Employees | 16,840 | 6,922 | 1,913 | 802 | 750 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Raheel Ahmed | Chief Executive Officer | Senior Management | 2022 | - |
Peter Edward Roberts | Chief Operating Officer | Senior Management | 2021 | - |
Venkat Raghavan | Chief Compliance Officer | Senior Management | - | - |
Nicola Jane Thompson | Chief - Internal Auditor | Senior Management | - | - |
Ahmed Yousef | Chief Human Resources Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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