The National Bank of Ras Al Khaimah Management Discussion and Analysis Report for the Period Ended March 31,2026 | premargin
The National Bank of Ras Al Khaimah Management Discussion and Analysis Report for the Period Ended March 31,2026
·ADX·Financial Reports | Management Discussion and Analysis Report·April 20, 2026·View on exchange
AI Summary
RAKBANK achieved a record net profit after tax of AED 1 billion for Q1 2026, representing a 43% year-on-year increase, bolstered by an AED 473 million gain from the divestiture of its merchant acquiring business.
Total assets grew by 18% year-on-year to AED 107.3 billion, while customer deposits rose 22% to AED 74.3 billion, supported by a Current Account Savings Account (CASA) ratio of 65.6%.
Asset quality improved as the impaired loans ratio fell to 1.9% from 2.4% a year earlier, with a provision coverage ratio of 277% and a capital adequacy ratio of 18.7%.
Profitability indicators showed significant growth, with Return on Common Equity (ROE) increasing to 29.9% and Return on Assets (ROA) rising to 3.9%.
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