Rakbank H1 2026 profit rises 25% to Dh1.7 billion, deposits climb 23%
Lender posts Dh1.7b profit after deposits rise 23% and assets reach Dh108.6b
Dubai: Rakbank reported a 25% increase in profit after tax to a record Dh1.7 billion during the first half of 2026, supported by balance-sheet growth, higher deposits and a Dh473 million gain from the sale of its merchant acquiring business.
Customer deposits rose 23% to Dh75.1 billion, while total assets increased 14% to Dh108.6 billion during the period.
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The bank maintained access to services and credit throughout the first half, while providing relief to customers where required.
Deposits support balance-sheet growth
Growth across customer lending, investment securities and deposits supported the expansion of Rakbank’s balance sheet.
The bank reported a current and savings account ratio of 64.3%, reflecting the share of lower-cost deposits within its funding base.
Its eligible liquid asset ratio stood at 13%, with the bank reporting ample liquidity and stable funding during the period.
Profitability was also supported by a net interest margin of 3.9% and performance across the wider banking franchise.
Impaired loan ratio improves
Rakbank’s impaired loan ratio improved to 1.8% from 2.1% a year earlier.
The Stage 3 coverage ratio, which measures provisions held against impaired loans, stood at 85.9%.
The bank’s capital adequacy ratio reached 19.3%, remaining above regulatory requirements and providing additional capacity to support lending and future balance-sheet growth.
Returns increase during first half
Return on equity rose to 25.2% from 22.1% during the first half of 2025, representing an increase of 305 basis points.
Return on assets increased to 3.2% from 3.1% a year earlier.
Rakbank said its first-half performance was supported by diversified revenue, balance-sheet growth and continued execution across its businesses.
