Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) achieved net profits after tax amounting to AED 2.08 billion in the first nine months (9M) of 2025.

The recorded net profits were higher by 23% year-on-year (YoY) than AED 1.68 billion, according to the financial results.

Operating income jumped to AED 3.89 billion in 9M-25 from AED 3.55 billion in 9M-24.

Basic and diluted earnings per share (EPS) hiked to AED 1.03 as of 30 September 2025 from AED 0.84 a year earlier.

Results for Q3-25

In the third quarter (Q3) of 2025, the net profits after tax of RAKBANK increased by nearly 18% YoY to AED 706.68 million from AED 599.73 million. Likewise, the basic and diluted EPS grew to AED 0.35 from AED 0.30.

The ADX-listed lender registered operating income valued at AED 1.32 billion in July-September 2025, compared to AED 1.20 billion in Q3-24.

Raheel Ahmed, Group CEO of RAKBANK, said: “As RAKBANK delivers on its strategy to become 'digital with a human touch', this vision is translating into tangible results and a number of significant firsts.”

“RAKBANK also launched its crypto brokerage service via its mobile app for retail customers, becoming the first conventional bank in the UAE to enable crypto trading services for its customers,” Ahmed noted.

The CEO concluded: “Our customers can buy, sell, and swap cryptocurrencies in AED by accessing Bitpanda's crypto trading platform through RAKBANK's mobile banking app.”

At the end of June 2025, RAKBANK witnessed 26.10% YoY higher net profits after tax at AED 1.37 billion.