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Insights

Retail & Business Banking Focus RAKBANK has shifted its focus from Corporate Banking to Personal and Business Banking, offering a wide range of services tailored for retail customers and small businesses across the UAE.

Innovative Financial Services Launches The recent launches of merchant financing, insurance aggregator platform 'Protego,' and digital asset management platform present sales opportunities to cater to the evolving financial needs of UAE residents.

Strategic Technology Partnerships Partnerships with tech providers like Bitpanda Technology Solutions and Magnati signify RAKBANK's commitment to leveraging technology for financial solutions, opening doors for tech-driven sales collaborations.

SME Engagement & Economic Outlook RAKBANK's focus on SMEs, highlighted by the launch of the SME Confidence Index report, indicates opportunities to engage with small and medium enterprises contributing significantly to the UAE's GDP.

Potential for Risk Management Solutions The development of IFRS 9 ECL models showcases RAKBANK's emphasis on risk management, indicating potential sales avenues for solutions tailored to managing credit losses across retail and business banking portfolios.

Similar companies to RAKBANK

RAKBANK Tech Stack

RAKBANK uses 8 technology products and services including UserWay, Linkedin Insight Tag, Duda, and more. Explore RAKBANK's tech stack below.

  • UserWay
    Accessibility
  • Linkedin Insight Tag
    Analytics
  • Duda
    Content Management System
  • Salesforce Customer 360
    Customer Relationship Management
  • Dell
    IT Infrastructure
  • AngularJS
    Javascript Frameworks
  • OWASP
    Security
  • Facebook
    Widgets

Media & News

RAKBANK's Email Address Formats

RAKBANK uses at least 1 format(s):
RAKBANK Email FormatsExamplePercentage
First.Last@rakbank.aeJohn.Doe@rakbank.ae
79%
First@rakbank.aeJohn@rakbank.ae
18%
FLast@rakbank.aeJDoe@rakbank.ae
2%
FL@rakbank.aeJD@rakbank.ae
1%

Frequently Asked Questions

Where is RAKBANK's headquarters located?

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RAKBANK's main headquarters is located at RAK Operations Centre, Emirates Road, Ras Al Khaimah, U.A.E Ras Al Khaimah, Ras Al Khaimah 5300 AE. The company has employees across 6 continents, including AsiaNorth AmericaEurope.

What is RAKBANK's official website and social media links?

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RAKBANK's official website is rakbank.ae and has social profiles on LinkedIn.

How much revenue does RAKBANK generate?

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As of September 2024, RAKBANK's annual revenue reached $750M.

What is RAKBANK's NAICS code?

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RAKBANK's NAICS code is 52211 - Commercial Banking.

How many employees does RAKBANK have currently?

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As of September 2024, RAKBANK has approximately 4.8K employees across 6 continents, including AsiaNorth AmericaEurope. Key team members include Chief Executive Officer: P. E.CSO: A. S.CFO: D. P.. Explore RAKBANK's employee directory with LeadIQ.

What industry does RAKBANK belong to?

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RAKBANK operates in the Banking industry.

What technology does RAKBANK use?

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RAKBANK's tech stack includes UserWayLinkedin Insight TagDudaSalesforce Customer 360DellAngularJSOWASPFacebook.

What is RAKBANK's email format?

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RAKBANK's email format typically follows the pattern of . Find more RAKBANK email formats with LeadIQ.

When was RAKBANK founded?

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RAKBANK was founded in 1976.
RAKBANK

RAKBANK

BankingRas Al Khaimah, United Arab Emirates1001-5000 Employees

RAKBANK, also known as the National Bank of Ras Al Khaimah (P.J.S.C), is one of the oldest and most dynamic banks in the UAE. Founded in 1976, the Bank underwent a major transformation in 2001, with a shift in focus from Corporate Banking to Personal and Business Banking.

Today, the Bank offers a wide range of personal and business banking services throughout its 21 branches and its portfolio of electronic banking solutions, which include Telephone and Digital Banking. It also offers Sharia-compliant personal and business banking services via its Islamic Banking unit, RAKislamic.

RAKBANK is a public joint stock company, headquartered in the emirate of Ras Al Khaimah, in the UAE. Its Head Office is situated in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road in Ras Al Khaimah. The Bank is 52.76% owned by the Government of Ras Al-Khaimah and its shares are publicly traded on ADX.
 
RAKBANK is a proud member of the UAE Banking Federation (UBF) and as such, abides by the UBF stipulated, Customer Charter for all member banks. We concur with the Customer Charter to promote trust and best practices across financial services industry, providing customers with clear guidelines about the standard of service they can expect from their banks.

For more information, visit www.rakbank.ae or contact the RAKBANK Call Centre on +9714 213 0000. You can also follow RAKBANK on Twitter @RAKBANKlive. Alternatively you can email us at contactus@rakbank.ae.

Section iconCompany Overview

Headquarters
RAK Operations Centre, Emirates Road, Ras Al Khaimah, U.A.E Ras Al Khaimah, Ras Al Khaimah 5300 AE
Website
rakbank.ae
NAICS Code
52211 - Commercial Banking
Founded
1976
Employees
1001-5000

Section iconFunding & Financials

  • $100M$1B

    RAKBANK's revenue is in the range of $100M$1B

Section iconFunding & Financials

  • $100M$1B

    RAKBANK's revenue is in the range of $100M$1B

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