Business | Banking
Rakbank reports 10.3% increase in first-half profit
The National Bank of Ras Al Khaimah (Rakbank) on Sunday reported that first half profits grew 10.3 per cent to Dh343.8 million over the same period last year.
- Analysts attribute Rakbank's success to conservative lending and investment practices, focus on retail banking and customer service and lack of exposure to bad debt.
More from Banking
More from Business
Popular in Banking
Popular in Business
Business Editor's choice
Government and private debt within manageable limits
Royal Caribbean could once again dock in Dubai and other Gulf ports in the 2015/16 season, an executive says
Early forecasts suggest a strong 7.4% increase in 2014 on top of 4.3% this year