The National Bank of Ras Al Khaimah (Rakbank) reported an 18 percent year-on-year increase in net profit for Q3 2025, reaching AED706 million ($192 million), largely supported by a surge in non-interest income.
Non-interest income climbed to AED1.2 billion, marking a 32 percent rise from the same quarter last year, driven by the bank’s diversified revenue streams, particularly higher fees, foreign exchange, and investment income.
Operating income grew 10 percent year-on-year to AED1.3 billion, representing the highest quarterly figure in the bank’s history, according to a statement on the Abu Dhabi Securities Exchange.
For the nine-month period, net profit rose 18 percent compared to the previous year, reaching AED2 billion, underpinned by an 8 percent increase in operating income to AED3.9 billion.
Total assets expanded 19 percent year-on-year to AED100 billion by the end of September, with gross loans and advances increasing by 10 percent.
Customer deposits recorded a 15 percent annual increase to AED66 billion, resulting in one of the sector’s highest current-account and savings account (Casa) ratios of 66 percent.
Capital expenditure reached AED194 million by September, up from AED155 million a year earlier, as Rakbank continued to invest in technology and infrastructure.
Shares of the bank ended 0.5 percent higher at AED7.84, marking a 26 percent gain for the year so far.
The Ras Al Khaimah government maintains a 49.35 percent ownership stake in Rakbank.
