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
Chip-making giant says its return to revenue growth this year will continue into 2015
Rogue trading, rigged rates and tax evasion -- it’s a matter of psychology
The idea of setting up the EEU — an EU-style alliance — was proposed and agreed upon in May