RAKBank has achieved unprecedented financial success during its milestone 50th anniversary year, reporting a record-breaking net profit of Dh2.6 billion for 2025. This represents a substantial 25.7 percent increase compared to the previous year’s Dh2.07 billion, underscoring the institution’s robust performance across multiple business segments.
The bank demonstrated even stronger quarterly results, with profit after tax surging 36.9 percent to reach Dh529 million. Total operating income climbed to Dh5.2 billion, marking a 10 percent year-on-year increase, while net interest income grew by 3.5 percent to Dh3.7 billion.
Despite increased volume-related expenses and strategic investments, RAKBank maintained disciplined financial management with operating expenses of Dh1.9 billion and a cost-to-income ratio of 35.8 percent. Notably, the net impairment charge decreased significantly by 42 percent to Dh451 million, reflecting improved asset quality.
The institution reached a historic milestone by crossing Dh100 billion in total assets for the first time, with customer deposits growing to Dh70 billion. According to Group CEO Raheel Ahmed, this achievement demonstrates the bank’s financial resilience and the sustained trust of its customer base.
RAKBank’s microfinance program demonstrated substantial social impact, disbursing over 593,000 loans valued at Dh344 million to blue-collar workers. Chairman Mohamed Omran Alshamsi emphasized these initiatives help customers manage essential needs and build financial resilience.
The bank’s success was fueled by strategic product innovations including the premium Elevate Credit Card and new Elite Banking Centres across Dubai, Abu Dhabi, and Ras Al Khaimah. In the SME sector, RAKBank onboarded more than 22,000 entrepreneurs with Dh4.7 billion in disbursed loans, while introducing digital solutions like Speed-e-pay and QR Code-based payments through AANI to enhance cash flow efficiency and scalability.