Monday 23 July 2012

WAM | RAKBANK reports H1 2012 Net Profit of AED668.7m

The National Bank of Ras Al-Khaimah (P.S.C.) (RAKBANK) has reported a net profit of AED 668.7 million for the half year ended 30th June 2012, reflecting a 13.5% growth compared to same period of 2011 and 5.6% over the first quarter of 2012.

"We are pleased with the positive results reported for the first six months as they reflect the continued growth in our customer base," said Graham Honeybill, Chief Executive Officer, RAKBANK. "As a leading Retail/SME national bank, we look to develop initiatives that enhance our customers' banking experience. In the last quarter this included upgrading our IT systems to offer customers faster, easier, and more convenient services." The technology upgrade demonstrates the bank's commitment to achieving excellence in customer service, the driving force behind RAKBANK's solid reputation and high levels of customer loyalty.

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