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RAKBANK sees 26% higher profits in H1-25

RAKBANK sees 26% higher profits in H1-25
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RAKBANK
RAKBANK
-4.43% 7.55 -0.35

Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) logged 26.10% year-on-year (YoY) higher net profits after tax at AED 1.37 billion in the first half (H1) of 2025, versus AED 1.08 billion.

Net interest income declined to AED 1.52 billion as of 30 June 2025 from AED 1.57 billion in H1-24, according to the financial results.

Meanwhile, the basic and diluted earnings per share (EPS) increased to AED 0.68 from AED 0.54

Financials for Q2-25

In the second quarter (Q2) of 2025, the net profits jumped by 21.80% to AED 669.31 million from AED 515.49 million in April-June 2024.

The lender reported net interest income valued at AED 775.79 million in Q2-25, an annual drop from AED 788.60 million. Basic and diluted EPS climbed to AED 0.33 from AED 0.26.

In Q1-25, RAKBANK posted 22.70% YoY higher net profits after tax at AED 704.49 million, compared to AED 574.19 million.