National Bank of Ras Al Khaimah PSC (RAKBANK)

The National Bank of Ras Al-Khaimah (P.S.C.), together with its subsidiaries, engages in providing retail, Islamic, and commercial banking products, and services to individuals and businesses in the United Arab Emirates. The company operates through four segments: Retail Banking, Wholesale Banking, Business Banking, Treasury, and Head Office and Others. The company offers current, savings, gold, elite, joint, and merchant accounts; call, fixed, recurring, and flexi fixed deposit accounts; home, personal, cash, green, term, business, auto, national, and education loans; real estate, point of sales and e-commerce, trade and working capital, and machinery finance, as well as commercial vehicles, construction equipment, project, and bridge finance products; mortgages; and credit, debit, and prepaid cards. It also provides car, travel, life, home, accident, health and group life, property all risk, marine and aviation, plant and machinery policy, and workmen’s compensation insurance products; and savings and investment products. In addition, the company offers import and export solutions; receivables financing services; letter of guarantees; and salary transfer, overdraft facility, money transfer, and contactless payment services. Further, it provides cash deposit machines; mutual funds; merchant and payroll solutions; cash management and custody services; wealth management solutions; revolving credit facilities or loan syndications; payment, collection, and liquidity and escrow management solutions; foreign exchange, fixed income, gold and precious metals, and commodities market solutions; and online and mobile banking services. Additionally, the company is involved in insurance brokerage and underwriting businesses, back-office support services, technological support, and treasury transactions. The National Bank of Ras Al-Khaimah (P.S.C.) was incorporated in 1976 and is headquartered in Ras al-Khaimah, the United Arab Emirates.