Saturday 19 April 2014
 
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RAKBank

Rakbank seeks to double foreign ownership limit

Shareholders of National Bank of Ras al-Khaimah (Rakbank) will meet on May 1 to decide whether to allow foreigners to hold up to 40 per cent of its shares, the lender said in a bourse statement on Monday. The bank, which is listed

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CEO-elect of fraud-hit Rakbank quits

The proposed new chief executive of National Bank of Ras al-Khaimah (Rakbank), one of two banks which earlier this month were named as victims of a massive global bank card fraud, has quit, two sources within the bank said. Ian La

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India IT watchdog investigates ATM heist breach

The Indian government's cyber watchdog is investigating how the computer systems of two companies that are part of the country's vast IT services industry were breached in a global ATM heist that saw $45 million stolen from two banks in

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Rakbank says no money lost in cyber fraud

A Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the US and beyond. National Bank of Ras Al Khaima

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RakBank Q1 profit up 13pc, tops $100m

RakBank, also known as the National Bank of Ras Al-Khaimah, reported a net profit of Dh367.98 million ($100.16 million) for the first quarter of the year, reflecting a 13 per cent growth over the same period last year. “RakB

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Rakbank launches Titanium credit card

UAE-based National Bank of Ras Al-Khaimah (Rakbank) has launched its Titanium Business credit card as part of its efforts to deliver competitive financial solutions to small-to-medium enterprises (SMEs).   Just like the Titani

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Rakbank net profit rises 16.6pc

UAE-based National Bank of Ras Al-Khaimah (Rakbank) said it has registered a 16.6 per cent growth in its net profit for 2012 which rose to  Dh1.4 billion ($381 million) when compared to the same period the year before. The le

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RakBank launches Islamic banking service

RakBank, also known as the National Bank of Ras Al-Khaimah, has launched its new Islamic banking services including a wide range of products from accounts, loans and cards to Takaful policies. The services will be offered through

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Rakbank Q3 net profit jumps 14.5pc

UAE-based National Bank of Ras Al-Khaimah (Rakbank) said it has registered a net profit of Dh1.04 billion ($283 million) for the third quarter, up 14.5 per cent over the same period last year. Announcing the results for the nine m

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RAKBank launches new mobile app

RAKBank has launched its new interactive mobile application developed to give cardholders easier and faster access to its value added deals and offers on RAKBankdeals.ae.  “We are proud to be the first bank in the UAE to launch a mob

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