Economy Country January 23, 2025

Ras Al Khaimah Bank Reports 16% Profit Increase

Ras Al Khaimah Bank achieved a net profit of 2.1 billion dirhams in 2024, marking a 16% year-on-year increase. This growth reflects the bank's strong performance and strategic initiatives in the financial sector.


Ras Al Khaimah Bank Reports 16% Profit Increase

The Ras Al Khaimah Bank earned a net profit after tax of 2.1 billion dirhams for 2024, which represents an increase of 16% compared to the previous year. This achievement was made possible thanks to the bank's successful strategy aimed at strengthening financial indicators and attracting new clients. The management expressed satisfaction with the results and emphasized the importance of further development of the bank. 'We are proud that we managed to achieve such impressive results in the conditions of a challenging economic environment. Our focus on innovations and quality customer service helps us strengthen our position in the market,' noted the bank representative. The bank also announced plans to expand its activities and introduce new products and services to improve offerings for clients.