RAKBANK, officially known as The National Bank of Ras Al Khaimah (P.S.C.), is a prominent banking institution in the United Arab Emirates. Here’s a summary of its key aspects:
**Key Features:**
* **Established Presence:**
* Founded in 1976, RAKBANK has a long-standing history in the UAE’s financial sector.
* It is headquartered in Ras Al Khaimah.
* **Diverse Services:**
* RAKBANK offers a comprehensive range of banking services, including:
* Personal banking
* Business banking
* Islamic banking (through RAKislamic)
* Wholesale banking
* They are also very active in digital banking.
* **Focus:**
* While initially focused on corporate banking, RAKBANK underwent a significant transformation in 2001, shifting its focus towards personal and business banking.
* **Digital Banking:**
* RAKBANK has invested heavily in digital banking solutions, offering customers convenient and accessible services.
* **Islamic Banking:**
* Through RAKislamic, the bank provides Sharia-compliant financial products and services.
* **Listing:**
* RAKBANK is a public joint-stock company listed on the Abu Dhabi Securities Exchange (ADX).
* **Ownership:**
* The government of Ras Al Khaimah holds a majority stake in the bank.
**Key Points:**
* RAKBANK is a key player in the UAE’s banking sector, particularly in the personal and business banking segments.
* Its commitment to digital innovation is a significant aspect of its strategy.
* It is operating under strong islamic finance principles through its RAKislamic branch.
**Where to Find More Information:**
* **RAKBANK Official Website (rakbank.ae):**
* This is the primary source for detailed information about the bank’s services, financial performance, and corporate activities.
* **Abu Dhabi Securities Exchange (ADX):**
* For financial data and stock market information.
* **Reliable Financial News Sources:**
* Publications like Bloomberg, Reuters, and other financial news outlets provide ongoing coverage of RAKBANK’s activities.
* **Wikipedia:**
* The wikipedia page for RAKBANK
provides a good overview of the company.
