credit cards

RAKBANK launches digital on-boarding solution for instant credit cards

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 more than doubles net profit to Dhs450m in Q1 2023

RAKBANK reported a record total income of Dhs1.07bn for the first quarter

RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022

RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022

The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase

ADGM partners with ADIB, Wio Bank and RAKBANK

Abu Dhabi Global Market partners with ADIB, Wio Bank, RAKBANK to support SMEs

The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services


RAKBANK, Kraken to offer UAE’s first dirham-denominated virtual asset trading

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

RAKBank appoints new CEO

Raheel Ahmed succeeds Peter England, who will retire after leading the bank for over eight years

Ajman Free Zone

RAKBANK agrees MoU with Ajman Free Zone for SME financing

RAKBANK will offer SMEs and larger businesses based in free zone easy access to account opening services, loans, and credit facilities

Banks erase debt worth Dhs869.85m of 1,607 Emiratis

The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan

UAE’s RAKBANK reports 44.7% dip in net profit for H1 2020

The bank’s total income for H1 2020 declined by 4.5 per cent compared to H1 2019

RAKBank Posts 13.5% H1 Profit Gain

The UAE-based lender reported a net profit of Dhs668.7 million for the first half of the year.