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RAK Bank

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The profit surge of RAK Bank has reached a decade-high of 53.4%, according to the bank's records.

The profit surge of RAK Bank has reached a decade-high of 53.4%, according to the bank’s records.

RAK Bank, one of the leading banks in the UAE, has reported a decade-high profit surge of 53.4%. The bank has attributed the significant growth to the strong performance of both sides of the balance sheet. The bank's net profit for 2021 amounted to AED 1.31 billion ($356.4 million) compared to AED 853.4 million ($232.4 million) in 2020.
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