Abu Dhabi - Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) generated net profits after tax valued at AED 1 billion in the first quarter (Q1) of 2026, an annual leap of 43% from AED 704.49 million.
Basic and diluted earnings per share (EPS) jumped to AED 0.50 as of 31 March 2026 from AED 0.35 a year earlier, according to the unaudited financial results.
RAKBANK registered AED 1.81 billion in operating income during the first three months (3M) of 2026, up year-on-year (YoY) from AED 1.30 billion.
Total assets amounted to AED 107.32 billion in Q1-26, higher than AED 105.01 billion as of 31 December 2025.
Raheel Ahmed, Group CEO of RAKBANK, commented: “The Q1-26 unfolded against a backdrop of heightened regional uncertainty, reminding us of the importance of proactive preparedness, execution discipline, and steadfast leadership.”
“RAKBANK delivered a standout and resilient financial performance in Q1-26, generating a record quarterly profit before tax of AED 1.10 billion,” Ahmed highlighted.
He added: “Performance was supported by exceptionally strong momentum in the first two months of the year, continued balance sheet growth, and disciplined execution of our strategy.”
In 2025, the ADX-listed lender posted 26% YoY higher net profits after tax at AED 2.60 billion when compared to AED 2.07 billion.
