Last 8.60 AED
Change Today -0.35 / -3.91%
Volume 372.5K
RAKBANK On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 6:00 AM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

national bank of ras al-khai (RAKBANK) Snapshot

Open
8.70
Previous Close
8.95
Day High
8.70
Day Low
8.60
52 Week High
04/1/14 - 9.29
52 Week Low
07/11/13 - 6.10
Market Cap
14.4B
Average Volume 10 Days
661.1K
EPS TTM
0.83
Shares Outstanding
1.7B
EX-Date
04/2/14
P/E TM
10.3x
Dividend
0.50
Dividend Yield
5.81%
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

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.

The National Bank of Ras Al-Khaimah (P.S.C.), Special/Extraordinary Shareholders Meeting, May 08, 2014

The National Bank of Ras Al-Khaimah (P.S.C.), Special/Extraordinary Shareholders Meeting, May 08, 2014., at 10:30 Arab Standard Time.

RAKBANK Reports Earnings Results for the First Quarter Ended March 31, 2014; Reports Total Impairment Charge for the First Quarter Ended March 31, 2014

RAKBANK reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net profit of AED 334.6 million, dropped by AED 33 million over the same period last year net profit of AED 367.977 million. Total operating income increased by AED 72.3 million to AED 824.7 million, an increase of 10% from March 31, 2013 operating income of AED 752.397 million. This growth was mainly due to an increase of AED 44.3 million in net interest income and income from Islamic financing and AED 28.0 million in non-interest income, which went up by 17.8% from the same period last year. Interest income was AED 667.743 million against AED 666.891 million a year ago. Net interest income was AED 616.414 million against AED 594.354 million a year ago. Basic and diluted earnings per share were AED 0.20 against AED 0.22 a year ago. Net cash generated form operating activities was AED 732.337 million against AED 1,347.336 million a year ago. Purchase of property and equipment was AED 9.595 million against AED 29.499 million a year ago. For the first quarter ended March 31, 2014, the company’s total impairment charge stood at AED 130.3 million compared to AED 61.4 million at the end of the same quarter last year.

 

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Valuation RAKBANK Industry Range
Price/Earnings 10.7x
Price/Sales 5.3x
Price/Book 2.5x
Price/Cash Flow 10.7x
TEV/Sales 4.6x
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