FINANCIAL NEWS

UAE’s Rakbank logs USD299m net profit in Jan-Sep

27 Oct 2015

(MENAFN) Rakbank, the UAE-based National Bank of Ras Al Khaimah, posted USD299 million joined gross profit for the nine months to September.

Additionally, the financial institute declared that the net interest income alongside the income from Islamic products contributed significantly to the profit.

The group’s overall earnings surged by 12 percent to USD789 million over the cited period as opposed to the corresponding timeframe last year.

“The bank continues to see growth momentum in business each quarter despite testing global and regional economic conditions,” said Rakbank’s CEO.

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