RAKBANK delivers record profit before tax of AED 1.5bln, up 26%
Key Financial Highlights – H1 2025
Profit after tax of D 1,374M for H1'25 up 26.1% over H1'24. Profit after tax for Q2'25 was D 669M, reflecting an increase of 22% YoY
Operating Profit of D 1,680M up 7.7% YoY on the back of strong growth in balance sheet and continued non-interest income momentum
Operating Expenses grew by 12.9% vs last year driven by continued investments in technology, data, people and customer experience. Cost to income ratio (CIR) at 34.6% vs. 33.6% for H1'24
Total Assets grew by 18.1% YoY to D 95B, with Gross loans & advances increased to D 51.3B mark, an increase of 17.4% YoY. Growth in loans driven by all segments, with Wholesale Banking loans growing by 33.0% YoY, aligning with the Bank's diversification strategy
CASA deposit base grew to D 40.4B, up 12.2% YoY, with CASA1 ratio of 66%, one of the highest in the industry
Portfolio credit quality remains robust with Net Impairment charge to average loans and advances ratio at 0.7% against 1.7% during the same period last year, resulting from a strategic shift in business mix towards secured, low risk assets as well as favorable economic and credit environment
The impaired loan ratio for H1'25 improved to 1.9% against 2.4% for H1'24 while 'Provisions to Gross Loans' ratio was 5.2% compared to 6.2% as of H1'24, providing adequate coverage
Shareholder returns improved with Return on Equity (ROE) of 22.1% against 20.4% in H1'24 and Return on Assets (ROA) of 3.1% against 2.9% in H1'24
The Bank remains well capitalized with capital adequacy ratio (CAR) of 18.8% as at H1'25 against 18.0% as at H1'24
Strong liquidity position is reflected by an Eligible Liquid Asset Ratio of 15.1% vs. 15.5% at H1'24 and Lending to Stable Resources Ratio at 80.7% vs. 79.4% at H1'24
-Ends-
About RAKBANK
RAKBANK, also known as the National Bank of Ras Al Khaimah (P.S.C), is one of the UAE's oldest yet most dynamic banks. Since 1976, RAKBANK has been a market leader, offering a wide range of banking services across the UAE.
We're a public joint stock company based in Ras Al Khaimah, UAE, with our head office located in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road. The Government of Ras Al Khaimah holds the majority of our shares, which are publicly traded on the Abu Dhabi Securities Exchange (ADX).
RAKBANK stands out for its innovation and unwavering commitment to delivering awesome customer experiences. Our transformative digital journey aims to be a 'digital bank with a human touch,' accompanying you during key moments.
With 21 branches and advanced Digital Banking solutions, we offer a wide range of Personal, Wholesale, and Business Banking services. Through our Islamic Banking unit, RAKislamic, we provide Sharia-compliant services to make your banking experience seamless, whether you visit us in person or online.
For more information, please visit www.rakbank.ae or contact the Call Centre on +9714 213 0000. Alternatively, you can connect with us on our social media platforms:
twitter.com/rakbanklive
Instagram.com/rakbank
tiktok.com/@rakbank
linkedin.com/rakbank
For more information, please contact:
Suzana Saoud
Senior Account Manager
Gambit Communications
Suzana@gambit.ae
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UAE Moments
22 minutes ago
- UAE Moments
Sheikha Bodour Becomes University of Leicester's 1st Honorary Professor
Sheikha Bodour bint Sultan Al Qasimi, President and Chairperson of the Board of Trustees at the American University of Sharjah (AUS), was formally conferred the title of Honorary Professor by the University of Leicester, a distinction given for the first time in the university's history. The ceremony took place at the School of Business's Brookfield Campus and was led by Professor Henrietta O'Connor and Professor Dan Ladley. This prestigious recognition honours her exceptional contributions to women's empowerment, child literacy, and cultural development on a regional and international scale. Connecting Cross-Cultural Academia and Creativity During her visit, Sheikha Bodour engaged with faculty and students and took part in a discussion on museum studies and research within the cultural sector—underscoring her commitment to international academic collaboration and cultural understanding. Championing Literacy, Inclusion, and Publishing Innovation As the founder and CEO of Kalimat Group, Sheikha Bodour has overseen the publication of over 500 socially conscious Arabic children's books across 15+ countries. Her Kalimat Foundation has delivered inclusive literacy programs in 31 nations. She played a pivotal role in the UAE's accession to the Marrakesh Treaty, which ensures accessible books for persons with print disabilities. She also established the Emirates Publishers Association, the UAE Board on Books for Young People, and made history in 2020 by becoming the first Arab woman to serve as President of the International Publishers Association since its founding in 1896. Empowering Women and Strengthening Educational Equity Reflecting on the honour, Sheikha Bodour said, 'This recognition from the University of Leicester is deeply meaningful… education is one of the most powerful ways to build cultural bridges.' She expressed her hope that the award inspires young women to 'lead with purpose' and claim their ideas and space confidently. Professor Dan Ladley described her as 'inclusive, inspiring and impactful,' praising her unwavering dedication to equality, leadership, and transformation across education and publishing. A Trailblazer's Broader Legacy Under Sheikha Bodour's leadership at AUS, new initiatives include six research centres spanning artificial intelligence, sustainability, and Islamic studies, as well as scholarship expansions for underrepresented students. She spearheaded the establishment of the first endowed academic chair for women's leadership in the UAE— the Sheikha Jawaher bint Mohammed Al Qasimi Chair in Women's Leadership in partnership with NAMA Women Advancement Establishment. Her influence continues beyond academia: she drives cultural innovation through Sharjah Publishing City, UNESCO initiatives, and global platforms including WEF and UNESCO World Book Capital Networks. The University of Leicester's conferment of its first-ever Honorary Professorship on Sheikha Bodour Al Qasimi is a historic tribute to her leadership in education, literacy, and cultural diplomacy. Her appointment symbolizes the university's values of inclusivity, global engagement, and academic excellence—and heralds a new era of cross-border collaboration and inspiration.
Khaleej Times
22 minutes ago
- Khaleej Times
OKX marks UAE growth milestone with launch of regulated retail derivatives pilot offering
OKX, a leading global crypto exchange and Web3 technology company, on Monday announced a significant expansion of its operations in the UAE with the launch of regulated retail derivatives products, making it the first global exchange to offer retail futures, perpetual contracts, and options within a regulated Vara Pilot Framework. The launch comes as OKX continues to see strong momentum in the UAE. The newly introduced regulated crypto retail derivatives offering provides customers with enhanced flexibility and a broader range of trading strategies across different market conditions, marking the first time such crypto derivatives have been made accessible to retail investors in the UAE under a regulated structure. 'This represents a pivotal moment for both OKX and the UAE's broader digital asset ecosystem,' said Rifad Mahasneh, CEO, OKX Mena. 'By launching the first fully regulated retail derivatives offering in the UAE, we are both reinforcing our long-term commitment to responsible innovation and regulatory alignment, as well as listening to feedback from our customers, who have been asking for this type of offering in the UAE. The UAE has emerged as a global model for how thoughtful regulation can unlock access while prioritizing investor protection.' Whether navigating volatility or seeking to hedge existing positions, customers can now access futures contracts, perpetual contracts, and options with up to 5x leverage, in accordance with local regulatory guidelines. These tools empower retail traders to respond more effectively to market trends, manage risk with greater precision, and tailor their strategies to both bullish and bearish environments, all within a secure, compliant, and high-performance trading environment. OKX's expansion highlights the UAE's growing reputation as one of the most forward-looking jurisdictions for digital asset regulation. With Dubai and Abu Dhabi emerging as regional crypto hubs, the country continues to attract global players thanks to its regulatory clarity, supportive infrastructure, and emphasis on innovation. Since establishing its presence in the UAE, OKX has actively collaborated with the Virtual Assets Regulatory Authority [VARA] and other stakeholders to shape frameworks that support innovation while upholding market integrity and transparency. 'Good regulation is not a constraint, it is an imperative within our industry,' added Mahasneh. 'The UAE has created an environment where innovation and compliance go hand in hand. This has enabled OKX to introduce sophisticated products like derivatives to retail users in a responsible and secure manner.' As part of its broader regional strategy, OKX has invested in local hiring, Arabic-language customer support, educational initiatives, and partnerships with Web3 startups and institutions. The derivatives offering will be accompanied by user education tools and risk management features to promote informed, responsible trading. The launch builds on the company's rapid growth in the region following its receipt of a Virtual Asset Service Provider [VASP] license from VARA in 2024. OKX continues to prioritize security, accessibility, and compliance as it expands its role in shaping the Middle East's evolving digital asset landscape.
The National
an hour ago
- The National
Abu Dhabi sets out Dh764m investment plan to boost tourism in Oman's Salalah
Abu Dhabi has set out a Dh764.5 million ($208 million) investment strategy to boost tourism in Salalah, Oman, with plans for a sprawling luxury resort and a marina and beachfront revamp that will help generate hundreds of jobs. The major development – set across a 2.5 million square metre area in Jinawf – aims to bolster Oman's rising status as a tourism hub in the region and globally. Abu Dhabi Fund for Development (ADFD) took part in a ground-breaking ceremony for the Integrated Tourism complex project in Salalah on Monday, along with Omani authorities. The first phase, covering 604,000 square metres, will feature a high-end resort with more than 120 rooms and chalets, as well as the development of the marina and the regeneration of coastal and beachfront areas. The significant funding injection from ADFD will also support essential infrastructure works, including roads and public utilities. "This project is a testament to the deep-rooted strategic ties between the UAE and the Sultanate of Oman," said Mohammed Saif Al Suwaidi, director general of ADFD. "It reaffirms ADFD's ongoing commitment to supporting the development strategies of partner nations through investments that enable economic growth and generate a positive, sustainable impact for local communities. "The project also reflects our vision of economic diversification and our proactive approach to advancing sustainable development through meaningful regional partnerships and shared prosperity." Azzan Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism in Oman, said the scheme was expected to create hundreds of job opportunities while stimulating growth across key economic sectors. The project is central to Oman Vision 2040, which positions tourism as a key driver of economic diversification. Salalah is already a popular tourist destination, particularly for travellers within the Gulf. Holidaymakers visit the city in large numbers during the Khareef season – typically from June to September – when monsoon rains turn the desert landscape into a vibrant sea of lush greenery, leading to cooler temperatures. Last year there were 15 million domestic tourists and four million internationally, exceeding previous record levels of 2019. The UAE, India, Germany and other western European countries were the main tourist source markets for the sultanate. The UAE and Oman last year established investment partnerships worth Dh129 billion across several sectors including renewable energy, railway, green metals and technology. The collaborations were announced following the state visit of Oman's Sultan Haitham to the UAE in April last year. The two countries will set up an industrial and energy mega project valued at Dh117 billion, with solar and wind projects, and green metal production units.
