gulfnews : RAK Bank posts Dh296m profit for second quarter

RAK Bank yesterday reported a net profit of Dh296 million for second quarter of 2011, up by 23 per cent compared to the same quarter last year.

While the bank's net interest income for the second quarter increased by 23 per cent to Dh488.09 million, fee and commission income declined 10 per cent to Dh121.24 million compared to the same quarter last year.

RAKbank reported a net profit of Dh589.1 million for the six months ended June 30, 2011, reflecting a 25.8 per cent growth compared to the same period in 2010.

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