Sunday 11 December 2016
 
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RakBank posts nine-month profit at $151m

The National Bank of Ras Al-Khaimah (RakBank) has announced a consolidated net profit of Dh554.2 million ($150.8 million) for the nine months ended September 30. The Group’s operating profit increased by 6.1 per cent to Dh1.

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RakBank offers a 60-second remittance to India

UAE-based RakBank has expanded its remittance service, RakMoneyTransfer, offering a 60 seconds money transfer to India through a network of 26 major banks including Axis Bank, ICICI Bank and more. Not only is RakMoneyTransfer a tr

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RakBank offers $10m loan to Lankan finance group

RakBank, one of the UAE's leading banks, said it has arranged a three-year $10 million medium-term loan facility for DFCC Bank, a leading financial institution in Sri Lanka. DFCC Bank will be using the funds for general expans

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SAS, RakBank ink partnership deal

SAS, a global leader in analytics, and RakBank, one of the UAE’s leading banks, have expanded their strategic partnership to include the adoption of SAS Analytics.   By employing SAS Enterprise Miner and SAS Enterprise

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SAS, RakBank ink partnership deal

SAS, a global leader in analytics, and RakBank, one of the UAE’s leading banks, have expanded their strategic partnership to include the adoption of SAS Analytics.   By employing SAS Enterprise Miner and SAS Enterprise

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RakBank partners with EO to develop Emirati SMEs

National Bank of Ras Al Khaimah (RakBank) has partnered with Entrepreneurs' Organization (EO) UAE, to support the small and medium-sized enterprises (SMEs) sector in the UAE. EO is a global community of entrepreneurs founded i

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RakBank partners with EO to develop Emirati SMEs

National Bank of Ras Al Khaimah (RakBank) has partnered with Entrepreneurs' Organization (EO) UAE, to support the small and medium-sized enterprises (SMEs) sector in the UAE. EO is a global community of entrepreneurs founded i

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RakBank cuts up to 250 expat jobs

National Bank of Ras Al Khaimah (RakBank) said on Wednesday it was cutting up to 250 expatriate staff from the bank and its partners as part of a plan to raise business efficiency. The statement follows a Reuters report about job

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RakBank to cut 250 jobs as part of review

National Bank of Ras Al Khaimah (RakBank) will cut up to 250 jobs as part of a review of the lender's organisational structure, a spokeswoman for the Abu Dhabi-listed bank said on Sunday. Banks in the United Arab Emirates have

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RakBank wins Service Olympian Awards

RakBank, also known as the National Bank of Ras Al Khaimah, has won two Service Olympian Awards by Ethos Integrated Solutions, an independent evaluation body.    The bank was recognised for its commitment to

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