Friday 3 July 2015
 
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RAKBank

Rakbank acquires 79pc stake in UAE insurer

UAE-based National Bank of Ras Al Khaimah (Rakbank) on Thursday said it had bought a 79.23 per cent stake in Ras Al Khaimah National Insurance after a making a public offer to shareholders. Rakbank, the sixth-largest lender by market va

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RakBank launches gold investment tool

RakBank has launched RakGoldInvest, an investment tool that allows high net worth customer to invest in gold electronically while saving them the hassle of storing and moving the gold, to provide customers with the opportunity to diversity their

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RakBank eyes RAK National Insurance stake

UAE-based National Bank of Ras Al Khaimah made a public offer on Tuesday to buy shares in Ras Al Khaimah National Insurance Company, according to a bourse filing. RakBank, the sixth largest lender by market value on the Abu Dhabi

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Card-less ATM withdrawals with RakBank MobileCash

RakBank, a leading bank in the UAE, has introduced a digital banking solution, MobileCash, which allows customers to withdraw cash and send money to their friends, family or anyone in the UAE. Customers can send cash instantly using the

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RakBank launches $500m debut bond issue

UAE-based lender National Bank of Ras Al Khaimah (RakBank) has launched its debut $500 million, five-year debut bond after tightening he pricing, a document from lead managers said.   Tightened pricing for the bo

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Rakbank on longest ad hoarding

Rakbank has become the first organization to be featured on the longest outdoor advertisement hoarding in the UAE. The hoarding extends for half a mile (800 metres) on the Sheikh Zayed Road that connects Dubai to Abu Dhabi and occ

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RakBank eyes benchmark-sized debut bond issue

UAE-based lender National Bank of Ras Al Khaimah (RakBank) may sell a benchmark-sized debut bond issue after announcing plans to meet fixed income investors, a document from lead managers said on Monday.   The ba

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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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