National Bank of Ras Al Khaimah PSC (RAKBANK: ADX) is one of the oldest and most trusted financial institutions in the United Arab Emirates, with a rich legacy of innovation, stability, and customer-focused banking. Established on June 15, 1976, and headquartered in the Emirate of Ras Al Khaimah, the bank operates as a public joint-stock company listed on the Abu Dhabi Securities Exchange (ADX). RAKBANK’s majority shareholder is the Government of Ras Al Khaimah, which holds 52.76% of the institution, underscoring its strong government backing and solid financial foundation.
Over nearly five decades, RAKBANK has evolved from a traditional retail bank into a digitally advanced, multi-segment financial powerhouse serving retail, business, and institutional clients across the UAE. The bank operates through 20 branches nationwide and offers a broad suite of services spanning Retail Banking, Wholesale Banking, Business Banking, and Islamic Banking under its dedicated division, RAKislamic. Each segment is designed to deliver personalized, accessible, and secure financial solutions tailored to meet the diverse needs of individuals and businesses.
In Retail Banking, RAKBANK provides a comprehensive range of services including current and savings accounts, credit and debit cards, deposits, personal loans, and mortgages, complemented by cutting-edge digital banking platforms. The Wholesale Banking division caters to corporate clients and financial institutions with offerings such as loans, advances, trade finance, and deposits, while the Business Banking division focuses on supporting SMEs through flexible financing and working capital solutions. The bank’s Head Office and Others segment oversees central funding, risk management, and strategic operations, including insurance activities through subsidiaries like Ras Al Khaimah National Insurance Company (RAKNIC).
RAKBANK’s Islamic Banking arm, RAKislamic, operates under Sharia-compliant principles, providing ethically aligned personal, business, and corporate banking solutions. This division continues to attract a growing clientele seeking faith-based financial services. In addition, RAKBANK’s innovative spirit is reflected in products such as Skiply, a digital payment app designed for managing educational fees, and Protego Insurance, a 100% owned subsidiary offering comparative insurance solutions for cars, homes, travel, and health.
The bank’s diversified business model is supported by subsidiaries including RAKNIC, RAK Technologies FZCO, and Rakfunding Cayman Limited, ensuring operational synergy across banking, insurance, and investment platforms. Its customer-centric approach, digital transformation initiatives, and robust risk governance framework have established RAKBANK as one of the UAE’s most resilient and forward-thinking financial institutions.
Ownership of RAKBANK remains predominantly Emirati, with 26.99% held by UAE citizens and 20.25% by foreign investors, reinforcing its position as a national institution with international appeal. As part of the Banking & Investment Services sector, RAKBANK continues to expand its reach through innovation, financial inclusion, and sustainable growth strategies.
For general inquiries, corporate banking, or investor relations, the bank’s head office can be reached at:
RAKBANK Building, Sheikh Mohammed Bin Zayed Road, Ras Al Khaimah, United Arab Emirates.
