RAKBANK, also known as the National Bank of Ras Al-Khaimah, is one of the oldest and most dynamic banks in the UAE. Founded in 1976, the Bank underwent a major transformation in 2001, with a shift in focus from corporate banking to retail and small businesses.
Today, the Bank offers a wide range of personal and business banking services throughout its 35 branches and its portfolio of electronic banking solutions, which include Telephone, Online, and Mobile Banking. It also offers Sharia-compliant personal and business banking services via its Islamic Banking unit, RAKBANK AMAL.
RAKBANK is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. Its Head Office is situated in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road in Ras Al-Khaimah. The Bank is 52.76% owned by the Government of Ras Al-Khaimah and its shares are publicly traded on ADX. The Board of Directors consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait.
RAKBANK is a proud member of the UAE Banking Federation (UBF) and as such, abides by the UBF stipulated, Customer Charter for all member banks. We concur with the Customer Charter to promote trust and best practices across financial services industry, providing customers with clear guidelines about the standard of service they can expect from their banks.
Board of Directors
|H.E. Mohamed Omran Alshamsi||Chairman||U.A.E|
|H.E. Sheikh Salem Bin Sultan Al Qasimi||Member||U.A.E|
|Mr. Salem Ali Al Sharhan||Member||U.A.E|
|Mr. Ahmed Essa Al Naeem||Member||U.A.E|
|Mr. Ahmad Abdulkarim Julfar||Member||U.A.E|
|Mr. Allan Griffiths||Member||Australia|
|Mr. Rajan Khetarpal||Member||India|
The USA PATRIOT Act was approved by US Congress. As a part of implementation the US Department of the Treasury requires Covered Financial Institutions to obtain certain information from Foreign Banks for which they maintain correspondent accounts in the United States.
Please click below for The National Bank of Ras Al Khaimah (P.S.C.). Global Certification Regarding Correspondent Accounts for Foreign Banks. The certificate will be updated from time to time, as required, to reflect changes to Appendix I to the certificate.