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    RAKBANK   AEN000601015

THE NATIONAL BANK OF RAS AL-KHAIMAH (P.S.C.)

(RAKBANK)
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National Bank of Ras Al Khaimah P S C : RAKBANK Raises Customer Awareness on the rapid evolution and relevance of ESG investing

09/29/2021 EST

The Webinar was hosted in partnership with Schroders

United Arab Emirates, 29 September 2021:The past couple of years have witnessed a shift in investor behaviour whereby investors started looking into different forms of sustainable finance options based on Environmental, Social and Governance (ESG) factors before deciding where to invest.

While the general forms of sustainable finance are more or less common, the terminology and practices associated with ESG investing vary considerably. Therefore, The National Bank of Ras Al Khaimah (RAKBANK) decided to host an informative webinar session that was in partnership with Schroders, a global asset management company, through which they tackled main topics related to ESG factors that influence today's world of investment.

The webinar provided a platform for a large audience from existing and potential customers to gain further understanding around the practical aspects of the global ESG frameworks, policies and key factors impacting the investment trends. Additionally, Schroders covered topics such as increased incentives and business opportunities with regards to ESG.

Peter England, CEO of RAKBANK, commented:"The Bank's partnership with Schroders represents an important step in further strengthening RAKBANK's position as a trusted financial partner for its ELITE banking customers. The educational webinar that we hosted gave the audience independent views on investment market trends, with a focus on topics related to ESG. This supports the Bank's strategy of enhancing its offerings to help our customers as well as potential customers achieve their financial goals."

For his part, Kieron Franklin, Director of ELITE Banking and Wealth Management at RAKBANK,said: "At RAKBANK, we are committed to transparency and to provide customers with the necessary tools that truly meet their needs, not only to build their wealth but protect it as well. This is why we regularly host webinars and educational platforms that enhance our customers' knowledge on latest trends such as ESG and their direct impact on investor behaviour. Partnering with Schroders for this webinar was a natural choice given their extensive knowledge about ESG in the region, as well as our aligned vision."

ESG investing has been growing in popularity for some time, and is hitting mainstream now. Therefore, this virtual event was an opportunity to shed some light on how ESG practices are integral to build a responsible business environment and create long term value for customers and stakeholders alike.

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RAKBANK - National Bank of Ras Al-Khaimah PSC published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2021 17:25:06 UTC.


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Sales 2021 3 279 M 893 M 893 M
Net income 2021 708 M 193 M 193 M
Net Debt 2021 - - -
P/E ratio 2021 10,0x
Yield 2021 5,12%
Capitalization 7 040 M 1 917 M 1 917 M
Capi. / Sales 2021 2,15x
Capi. / Sales 2022 2,08x
Nbr of Employees -
Free-Float 44,0%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 4,20 AED
Average target price 5,03 AED
Spread / Average Target 19,8%
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Managers and Directors
Peter William England Chief Executive Officer
Deepak Majithia Chief Financial Officer
Mohammad Hassan Omran Al-Shamsi Chairman
Venkat Raghavan Chief Compliance Officer
Ahmed Issa Al-Naeem Independent Non-Executive Director