08.02.2010 - RAKbank profit rises 26pct on retail banking gains

From Gulfnews.com: The National Bank of Ras Al Khaimah (RAKbank) Sunday announced that fourth quarter net profit climbed 26 per cent to Dh195 million compared with the same period last year. For the year, net profit was up 14 per cent to Dh726 million on the back of a 38 per cent increase in operating profit. RAKbank, one of the smaller players in the UAE market, relies heavily on retail banking to generate revenues.......................................Full Article: Source

Print