Bank profile

The National Bank of Ras Al Khaimah (P.J.S.C) is one of the UAE’s oldest and most dynamic financial institutions. Founded in 1976, we have undergone a series of important transformations. When we rebranded as RAKBANK in 2001, we shifted our focus from purely Corporate Banking to serving Personal customers and Small Businesses. In late 2013, we increased our presence in the traditional SME and Commercial Banking segment, and more recently re-entered Corporate Banking, in line with our strategic plan to diversify our product offering to better serve the needs of our customers.
 
Today, we offer a wide range of conventional banking products and services to individuals and businesses across the UAE via our branches, mobile sales staff, and industry-leading digital solutions. We also provide a range of Sharia-compliant products and services to individuals and businesses through our Islamic Banking unit, RAKislamic. During 2015 we acquired a majority stake in RAK Insurance Company and launched a new Personal Remittance service. These initiatives are part of our ambitious diversification strategy.
 
Since 2001, RAKBANK has built strong foundations that have resulted in several years of sustained growth. We are a UAE bank providing world-class products and industry-leading customer service to people and businesses across the Emirates. We focus on maximising shareholder and asset value by building long-term relationships with our customers, our employees, and our community. Our banking culture is firmly built on transparency, accountability and service excellence. 
 
RAKBANK is a public joint stock company with shares traded on the Abu Dhabi Securities Exchange (ADX). We have a total of five subsidiaries and are collectively known as “the Group”. Our corporate Headquarters are in the Emirate of Ras Al Khaimah.

Strategic outlook

RAKBANK's strategic focus lays on leveraging its strong Retail and Business Banking capabilities across segments & product areas within both Lines of Business and to further grow selectively its Financial Institutions, Wholesale and Treasury Business. Pursuing such a strategic positioning best aligns with RAKBANK's strengths and addressable market opportunities.

RAKBANK continuously strives to enhance its client facing and back-office capabilities to deliver a differentiated Value Proposition. In particular investments in bank-wide capabilities such as Data Analytics and Innovation will enable RAKBANK to both acquire new customers in a heavily competitive market as well as to leverage its large customer base.