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Islamic Finance Briefing - Categorized | Banking, Performance more

Rakbank 2010 net profit up 38pct

Posted on 31 January 2011

From Tradearabia.com: National Bank of Ras Al-Khaimah (Rakbank) said its net profit for 2010 jumped 38 per cent to Dh1.02 billion ($277.7 million) compared to Dh726.2 million the previous year.

Rakbank said it has successfully surpassed the billion dirham profit mark in 2010 as it continued to focus on good opportunities in its chosen lending segments of personal, auto, and small and medium enterprise (SME) loans, in addition to credit cards and mortgages…………………………………….Full Article: Source

 
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