RAKBANK posts record over AED 2bn profits in 2024

The National Bank of Ras Al Khaimah (RAKBANK) reported a 16% increase in profit after tax (PAT) to AED 2.1 billion in 2024, with a 27% rise in profit before tax (PBT) to AED 2.3 billion. The bank achieved record profits due to its highest-ever income of AED 4.7 billion, supported by strong financial growth and a focus on digital innovation. Despite a decline in PAT and PBT in Q4 2024, the bank remains committed to excellence, investing in talent and technology to deliver exceptional customer experiences and maintain a resilient balance sheet.

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