RAKBANK
Growth Score40DXBi Rank115Heat Score100National Bank of Ras Al-Khaimah (P.S.C.)
UAE bank offering retail, SME, and Islamic banking, and the first traditional UAE bank to offer regulated retail crypto trading
Media
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Rakbank posts record H1 profit on strong lending, asset quality gains (H1 2026, ROE 25.2%)
RAKBANK and Mastercard strengthen strategic relationship
RAKBank gets UAE Central Bank approval for dirham-backed stablecoin
RAKBANK Launches UAE's First Regulated Crypto Trading for Retail Users
RAK first 'traditional' UAE bank to offer crypto trading for retail clients
RAKBANK and Bitpanda Launch UAE's First In-App Crypto Trading Service
Meydan Free Zone and RAKBANK partner to empower businesses
RAKBANK partners with Bitpanda Technology Solutions to launch digital assets platform
Overview
Growth Score
Steady
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Public (Government-majority-owned), listed on ADX
- Headquarters
- Ras Al Khaimah, UAE (RAKBANK Building, Sheikh Mohammed Bin Zayed Road)
- Founded
- 1976
- Company Size
- 1000+ employees
- Revenue
- FY2025 revenue reported at approx. AED 4.72 billion (up ~20% YoY); net income approx. AED 2.61 billion (up ~26% YoY), per Forbes Middle East / Simply Wall St data
- Website
- rakbank.ae
Stock listing
Abu Dhabi Securities Exchange (ADX): RAKBANK
Products & Services
RAKBANK Retail Banking (Current & Savings Accounts, Cards)
Core consumer banking: current/savings accounts, credit cards, personal loans and mortgages marketed under 'Less banking. More living.'
RAKIslamic
Dedicated Sharia-compliant personal and business banking division, launched in 2013.
RAKInsurances
Bancassurance division offering insurance products; majority stake acquired by RAKBANK in 2015.
RAKBANK Business Banking / SME Finance
Business banking and SME lending/finance services, including partnerships such as with Meydan Free Zone.
RAKBANK Crypto/Digital Assets (via Bitpanda)
Regulated retail cryptocurrency trading in AED, enabled through a partnership with Bitpanda Technology Solutions, pending/subject to CBUAE approval.
RAKBANK Dirham Stablecoin
AED-backed payment token (stablecoin) in development after receiving in-principle Central Bank of the UAE approval in January 2026.
International Money Transfers
Cross-border remittance/money transfer service covering 175+ countries.
People
Technology
No technology or web presence data on file yet.
Financials
Abu Dhabi Securities Exchange (ADX): RAKBANK
Stock
Funding rounds
Projects
RAKBANK partners with Bitpanda Technology Solutions to launch digital assets platform
RAKBANK partnered with Bitpanda Technology Solutions to build a digital-assets platform allowing UAE customers to access virtual asset use cases through a regulated bank, pending Central Bank of the UAE approval.
Aug 20, 2024
RAKBANK partners with CRIF for IFRS 9 model development
RAKBANK engaged global risk-management firm CRIF to develop IFRS 9 Expected Credit Loss models for its retail and business banking portfolios, aligned to Central Bank of the UAE Model Management guidelines.
Oct 17, 2024
Meydan Free Zone and RAKBANK partner to empower businesses
RAKBANK and Meydan Free Zone signed a strategic partnership to deliver enhanced SME banking and financial solutions to businesses in the free zone, leveraging Meydan's 'Grow From Dubai' platform.
Feb 4, 2025
RAKBANK receives UAE Central Bank in-principle approval for AED-backed stablecoin
RAKBANK became the first conventional (non-digital) UAE bank to receive in-principle approval from the Central Bank of the UAE to issue a dirham (AED)-backed payment token/stablecoin, 1:1 backed and held in segregated accounts, pending further regulatory and operational requirements.
Jan 7, 2026
RAKBANK and Mastercard strengthen strategic relationship
RAKBANK and Mastercard announced a deepened strategic partnership aimed at advancing payments innovation in the UAE; the relationship was also discussed with the Ruler of Ras Al Khaimah around the same time.
Jul 14, 2026
Similar Companies
Official Channels
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Press & Announcements
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