rakbank

RAKBANK Achieves AED 772M Profit Amidst Global Uncertainty

RAKBANK reports a record AED 772M profit before tax, showcasing growth amid global uncertainty. Discover how the bank continues to thrive in challenging economy.

Banking6 months agoby News Desk 554

Fitch Affirms RAKBANK's Strong Rating - Upgrades Viability Rating

Fitch affirms RAKBANK’s BBB+ long-term IDR with a stable outlook, upgrading its Viability Rating to bbb-, highlighting the bank’s strong financial resilience.

Banking7 months agoby News Desk 416

RAKBANK Credit Outlook Upgraded to Positive by Moody’s: Strong Performance and Growth Highlighted

Moody’s upgrades RAKBANK’s credit outlook to Positive, highlighting strong financial performance, diversified growth, and resilience in the UAE’s banking sector.

Banking7 months agoby News Desk 466

RAKBANK Bolsters GRC with Paramount and Archer Partnership

RAKBANK has partnered with Paramount and Archer to enhance its Governance, Risk, and Compliance (GRC) framework, ensuring improved risk management and compliance.

Banking12 months agoby News Desk 589

RAKBANK Achieves Record Profit of AED 1.9B for the First Nine Months of 2024, Up 37% Year-on-Year

RAKBANK posts a 37% YoY profit increase, reaching AED 1.9B in the first nine months of 2024, driven by strong credit quality, and consistent strategic growth

Banking1 year agoby News Desk 512

RAKBANK Achieves CBDC Milestone with mBridge Transaction

RAKBANK achieves a significant milestone with its first Central Bank Digital Currency (CBDC) transfer through the mBridge platform, pioneering digital banking.

Fintech1 year agoby News Desk 622

RAKBANK Successfully Raised $250 million in 1st Tier 2 Issuance

RAKBANK successfully completes its inaugural Tier 2 issuance, raising $250 million. This milestone strengthens its capital base, enhancing growth and stability.

Markets and Securities1 year agoby News Desk 613

RAKBANK & Bitpanda Join Forces for UAE Digital Asset Platform

RAKBANK partners with Bitpanda Technology Solutions to offer UAE customers seamless access to digital assets, enhancing financial services with innovation.

Finance1 year agoby News Desk 672

RAKBANK & Wipro Partner on Dubai Testing Center for Faster Banking Innovation

RAKBANK partners with Wipro to launch a Testing Center in Dubai, fostering rapid banking innovation & enhancing service quality with advanced testing solutions.

Big Data1 year agoby News Desk 1100

1st Ever Social Bond Issued by RAKBANK to public in GCC

RAKBANK issues the GCC's first public Social Bond, pioneering sustainable finance and supporting social projects, enhancing community well-being & development.

Banking1 year agoby News Desk 819

Microsoft-supported RAKBANK to Transform Banking Operations with AI Applications

Discover how RAKBANK revolutionizes banking with AI, powered by Microsoft. Explore the future of seamless, efficient financial services and about partnership.

AI1 year agoby News Desk 1010

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