The National Bank of Ras Al Khaimah (RAKBANK) reported its financial results for the first quarter of 2026.
Open for Business, delivering with consistency
Across all products and services for our Corporate, SME, and Retail Clients. We remain open for business, supporting customers through short-term disruption while continuing to support their long-term ambitions.
All-time high quarterly profit after tax
Supported by industry leading net interest margin of 4.0% & CASA ratio of 65.6% and boosted by the gain on sale of the merchant acquiring business of d 473M.
Robust balance sheet growth with ample liquidity
Business momentum in Q1’26 was supported by double-digit YoY growth in assets and deposits. Total assets reached d 107.3B, up 18% YoY, while customer deposits increased to d 74.3B, up 22% YoY, with ELAR at 17.7% reinforcing the Bank’s strong liquidity position.
Resilient asset quality, prudent risk management and strong capital
Impaired loans ratio improved to 1.9% from 2.4% year‑on‑year, reflecting disciplined underwriting and supported by one of the highest provision coverage ratios sector-wide, at 277% as of Mar’26. Capital adequacy at 18.7%, well above regulatory requirement.
Outstanding returns
In Q1’26 shareholder returns improved further with return on common equity at 29.9%, up from 22.4% in Q1’25 and return on assets at 3.9%, up from 3.2% in Q1’25 – lifted by the strategic divestiture of the merchant acquiring business.
