The National Bank of Ras Al-Khaimah

RAKBANK

AEN000601015

Banks

Delayed Abu Dhabi Securities Exchange Other stock markets 02:18:05 2024-04-19 am EDT			5-day change	1st Jan Change
5.15 ^AED	+0.98%		+0.98%	-2.83%

Mar. 29	Moody's Affirms UAE-based Rakbank's Rating, Outlook on Improved Profitability	MT
Mar. 20	Fitch Confirms Rating, Stable Outlook on The National Bank of Ras Al-Khaimah	MT

The National Bank of Ras Al-Khaimah P.S.C. Reports Earnings Results for the Second Quarter Ended June 30, 2021

July 27, 2021 at 08:10 am EDT

The National Bank of Ras Al-Khaimah P.S.C. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net income was AED 190.998 million compared to AED 152.055 million a year ago. Basic earnings per share from continuing operations was AED 0.11 compared to AED 0.09 a year ago.

For the half year, net income was AED 304.308 million compared to AED 305.154 million a year ago. Basic earnings per share from continuing operations was AED 0.18 compared to AED 0.18 a year ago.

Latest news about The National Bank of Ras Al-Khaimah

Moody's Affirms UAE-based Rakbank's Rating, Outlook on Improved Profitability	Mar. 29	MT
Fitch Confirms Rating, Stable Outlook on The National Bank of Ras Al-Khaimah	Mar. 20	MT
The National Bank of Ras Al Khaimah Appoints Mohamed Omran Al Shamsi as the Chairman of the Board	Mar. 19	CI
Abu Dhabi-listed National Bank of Ras Al Khaimah Resumes Trading	Mar. 18	MT
The National Bank of Ras Al-Khaimah (P.S.C.) Proposes Cash Dividend	Mar. 06	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 29	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-23	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-25	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-26	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-13	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-02-13	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-25	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-26	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-26	CI
National Bank of Ras Al-Khaimah (P.S.C.) Appoints Stephen Robert Monaghan as Independent / Non-Executive Director	22-02-01	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021	22-02-01	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Announces Resignation of H.H.SH. Salem Bin Sultan AIQassimi as Director	22-02-01	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Recommends Distribution	22-02-01	CI
The National Bank of Ras Al-Khaimah Announces CEO Changes	21-12-16	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-26	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Appoints Imad Khalil as Company Secretary	21-08-24	CI
The National Bank of Ras Al-Khaimah P.S.C. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-07-27	CI
The National Bank of Ras Al Khaimah Signs A Memorandum of Understanding with Ajman Free Zone	21-07-05	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Reports Earnings Results for the First Quarter Ended March 31, 2021	21-04-26	CI
The National Bank of Ras Al-Khaimah (P.S.C.) Approves Cash Dividend for the Financial Year Ended December 31, 2020	21-04-11	CI

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Company Profile

The National Bank of Ras Al-Khaimah PSC (RAKBANK) is a United Arab Emirates-based public shareholding company engaged in the provision of retail and commercial banking services through a network of 33 branches located across the United Arab Emirates. The Bank is organized into three main business segments: the Retail banking segment includes private customer current accounts, savings accounts, deposits, credit and debit cards, customer loans and mortgages; the Corporate banking segment incorporates transactions with corporate bodies, including government and public bodies, small and medium entities, and comprising of loans, advances, deposits and trade finance transactions, and the Treasury segment covers activities of the dealing room, related money market, foreign exchange transactions with other banks and financial institutions.

Sector

Banks

Calendar

2024-04-22 - Q1 2024 Earnings Release (Projected)

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Ratings for The National Bank of Ras Al-Khaimah

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.1 AED

Average target price

6.083 AED

Spread / Average Target

+19.28%

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Quarterly revenue - Rate of surprise

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