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Economy Local 2026-01-15T22:17:01+00:00

Fitch Affirms Rak Bank Credit Rating

Fitch Ratings affirmed the long-term credit rating of Ras Al Khaimah National Bank, highlighting its financial stability and effective risk management.

Fitch Affirms Rak Bank Credit Rating

Fitch Ratings has affirmed the long-term credit rating of Ras Al Khaimah National Bank (Rak Bank). This decision reflects the bank's current financial stability and its strong position in the market. Fitch noted that Rak Bank continues to demonstrate a conservative credit policy and manages risks effectively. Experts believe that this rating affirmation will have a positive impact on customer and partner confidence. Going forward, Rak Bank plans to further strengthen its position in the UAE's financial sector.

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