Last 8.75 AED
Change Today 0.00 / 0.00%
Volume 50.0K
RAKBANK On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 6:00 AM 07/27/14 All times are local (Market data is delayed by at least 15 minutes).

national bank of ras al-khai (RAKBANK) Snapshot

Open
8.75
Previous Close
8.75
Day High
8.75
Day Low
8.75
52 Week High
04/1/14 - 9.29
52 Week Low
07/29/13 - 6.50
Market Cap
14.7B
Average Volume 10 Days
78.2K
EPS TTM
0.82
Shares Outstanding
1.7B
EX-Date
04/2/14
P/E TM
10.7x
Dividend
0.50
Dividend Yield
5.71%
Current Stock Chart for NATIONAL BANK OF RAS AL-KHAI (RAKBANK)

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national bank of ras al-khai (RAKBANK) Details

The National Bank of Ras Al-Khaimah (P.S.C.) provides retail, commercial, Islamic financing, and other banking services in the United Arab Emirates. It operates in three segments: Retail Banking, Corporate Banking, and Treasury. The company offers private customer current accounts; savings accounts; fixed and call deposits; credit and debit cards; customer loans; mortgages; loans, advances, deposits, and trade finance transactions; and transactions with government and public bodies, and small and medium entities. It also provides home, personal, auto, farm, and finance loans; overdrafts and salary advances; value collection, wealth management, and Islamic banking services; and SME business finance solutions, such as working capital solutions, trade finance products, and foreign exchange solutions. In addition, the company offers commercial banking products comprising fund based overdrafts, bills discounting, invoice discounting, import and export financing, contract financing, structured deals, non fund based letters of credit, guarantees, and documentary collections, as well as loans, including asset backed financing. Further, it incorporates activities of the dealing room, related money market, and foreign exchange transactions with other banks and financial institutions; and provides term assurance, motor, travel, life, home, illnesses, personal accident, and sickness or maternity insurance products. The company serves its customers through a network of 34 branches. The National Bank of Ras Al-Khaimah (P.S.C.) was founded in 1976 and is headquartered in Ras Al-Khaimah, the United Arab Emirates.

Founded in 1976

national bank of ras al-khai (RAKBANK) Top Compensated Officers

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Executives, Board Directors

national bank of ras al-khai (RAKBANK) Key Developments

RAKBANK Is In Talks To Acquire Majority Stake In RAKNIC

The National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) is looking to acquire a majority stake in Ras Al-Khaimah National Insurance Company P.S.C. (ADX:RAKNIC), RAKBANK said on July 24, 2014. RAKBANK is talking to the country's markets regulator as well as Abu Dhabi exchange to ratify details and mechanism of the deal, it said in a bourse filing. RAKBANK said, "Details on the impact of the acquisition on financials will be disclosed later."

The National Bank of Ras Al-Khaimah (P.S.C.) Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

The National Bank of Ras Al-Khaimah (P.S.C.) announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s interest income was AED 691,385,000 compared to AED 661,199,000 a year ago. Net interest income was AED 640,388,000 compared to AED 597,930,000 a year ago. Operating income was AED 874,343,000 compared to AED 789,772,000 a year ago. Net profit for the period was AED 365,863,000 compared to AED 392,100,000 a year ago. Basic and diluted earnings per share were AED 0.22 compared to AED 0.23 a year ago. For the six months, the company’s interest income was AED 1,359,128,000 compared to AED 1,328,090,000 a year ago. Net interest income was AED 1,256,802,000 compared to AED 1,192,284,000 a year ago. Operating income was AED 1,699,020,000 compared to AED 1,542,109,000 a year ago. Net profit for the period was AED 700,431,000 compared to AED 760,077,000 a year ago. Basic and diluted earnings per share were AED 0.42 compared to AED 0.45 a year ago. Net cash generated from operating activities was AED 1,073,729,000 compared to AED 1,248,277,000 a year ago. Purchase of property & equipment was AED 863,803,000 compared to AED 66,739,000 a year ago.

The National Bank of Ras Al-Khaimah (P.S.C.) Presents at Abu Dhabi Securities Exchange London Conference, Jun-02-2014

The National Bank of Ras Al-Khaimah (P.S.C.) Presents at Abu Dhabi Securities Exchange London Conference, Jun-02-2014 . Venue: Grosvenor House, A JW Marriott Hotel, Park Lane, London W1K 7TN, United Kingdom.

 

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RAKBANK

Industry Average

Valuation RAKBANK Industry Range
Price/Earnings 10.7x
Price/Sales 5.2x
Price/Book 2.3x
Price/Cash Flow 10.7x
TEV/Sales 3.2x
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