Ras Al-Khaimah National Bank (Rak Bank) announced good financial results for the first nine months of 2024. During this period, the bank earned a record net profit of 1.68 billion dirhams after tax deductions.
These results were achieved due to an increase in income from interest, commissions, and trading. The bank notes stable credit quality and a reduction in risks due to a clearly planned strategy for managing assets and liabilities.
Additionally, the bank continues to actively work in the direction of digital transformation and the development of innovative products and services for its clients. The bank’s general director emphasized that they are proud of their achievements and grateful to their clients for their trust.
"Our success this year reflects our conservative management strategy and focus on meeting the needs of our clients. We remain absolutely committed to the principles of transparency and accountability to our clients," noted the general director.
