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RAKBANK partners with Paramount and Archer to Strengthen Governance, Risk, and Compliance (GRC) framework

RAKBANK has announced a strategic partnership with Paramount and Archer to implement a cutting-edge Governance, Risk, and Compliance (GRC) solution. This collaboration aims to...

RAKBANK selects Oracle Fusion Cloud Applications Suite to Accelerate Business Growth

Oracle today announces that UAE-based RAKBANK (National Bank of Ras Al Khaimah) has selected Oracle Fusion Cloud Applications Suite to make its business processes seamless, efficient and fit to support the bank’s rapid growth plans. With...

Magnati and RAKBANK partners to provide businesses with embedded finance solutions

Magnati has partnered with RAKBANK to launch an innovative merchant financing platform. This partnership enables SME merchants to access credit facilities through RAKBANK by...

RAKBANK marks milestone with its first Central Bank Digital Currency transfer via mBridge

The National Bank of Ras Al Khaimah announces that it is one of the first banks in the United Arab Emirates to successfully execute...

RAKBANK partners with 4most to enhance model management practices

RAKBANK has appointed specialist analytics and risk management consultancy, 4most, to strengthen its model management practices. The partnership coincides with work 4most has started...

RAKBANK partners with Bitpanda Technology Solutions to unlock digital assets in the UAE

The National Bank of Ras Al Khaimah - RAKBANK partners with Bitpanda Technology Solutions, a leading digital assets infrastructure provider, to provide a robust...

RAKBANK posts record AED 1.1 billion half-year profit

The bank's net interest income, including income from Islamic products net of distribution to depositors, reached AED 1.8 billion

RAKBANK to transform AI applications in banking operations supported by Microsoft

RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations...

RAKBANK’s Q1 2024 profit jumps 39.7% to AED 629 million

Net interest income at AED 879.5 million is up 11.5% year-on-year, supported by a robust fee income of AED 294.9 million

RAKBANK delivers highest ever half yearly net profit of AED 901M, up 71% year on year

The National Bank of Ras Al Khaimah (RAKBANK) reported its financial results for the first half of 2023 (“H1’23”) Key Financial Highlights Record net profit in...

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