In addition to loans, the platform offers a range of financial services, including invoice, POS and receivables financing, and insurance
New customers who apply for a credit card through the bank’s app will also enjoy a host of benefits, including cashback up to Dhs1,000
RAKBANK reported a record total income of Dhs1.07bn for the first quarter
The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase
The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services
Kraken was the first global exchange to have received a full license to operate a regulated virtual asset exchange platform in the Abu Dhabi Global Market
Raheel Ahmed succeeds Peter England, who will retire after leading the bank for over eight years
RAKBANK will offer SMEs and larger businesses based in free zone easy access to account opening services, loans, and credit facilities
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
The bank’s total income for H1 2020 declined by 4.5 per cent compared to H1 2019
The UAE-based lender reported a net profit of Dhs668.7 million for the first half of the year.