Rak-ing it in — 22.7% bottom line uptick for Rakbank

The National Bank of Ras Al Khaimah (Rakbank) has reported a 22.7% y-o-y increase in its bottom line to AED 704.5 mn in 1Q 2025, according to its financials (pdf). The bank’s total operating income rose 10.7% y-o-y to AED 1.3 bn, supported by a robust balance sheet and higher non-interest income, the bank said in a separate earnings release (pdf). Customer deposits rose 18.2% y-o-y to AED 61 bn.