National Bank of Ras Al-Khaimah PJSC (RAKBANK)
Ras Al Khaimah
https://www.rakbank.ae
RAKBANK: An Overview
The National Bank of Ras Al-Khaimah PJSC, widely known as RAKBANK, is a public joint-stock company headquartered in the Emirate of Ras Al Khaimah, United Arab Emirates (UAE). It is one of the UAE's oldest and most dynamic financial institutions, having been founded in 1976. RAKBANK possesses a strong presence in the UAE's banking sector, offering a wide range of personal and business banking services, and is a key player in the global capital markets.
Services and Operations
RAKBANK provides comprehensive banking services, from personal accounts to business solutions, wholesale banking, and Islamic banking. The bank also features a robust electronic banking system, including online, mobile, telephone, and SMS banking services, to cater to the diverse demands of its clients and ensure accessibility and convenience. Its corporate office is located on Sheikh Mohammed Bin Zayed Road in Ras Al Khaimah, UAE.
Global Presence
While RAKBANK is prominently established within the UAE, its influence extends to the global capital markets. Its credit ratings, research, and analysis are featured on Fitch Ratings, a globally recognized credit rating and research agency. RAKBANK is also involved in the provision of retail and commercial banking, and treasury services on a global scale.
Leadership and Workforce
Under the leadership of CEO Peter England, RAKBANK continues to evolve its banking and financial services. The bank employs a workforce of over 3,400 individuals, each contributing to the bank's vision of becoming the best banking partner in Dubai and the UAE.
Branches
RAKBANK Branch - Al Nakheel
opposite to The Al Ansari Exchange - Al Nakheel - Ras Al Khaimah
Rak Bank The National Bank of Ras Al Khaimah (P.S.C)
9G5F+VHF - Musaffah - Musaffah Industrial - Abu Dhabi
RAKBANK Branch - Al Hamra
Zamil Steel Industries RAK - Branch - Al Jazeera Al Hamra Industrial - Ras Al Khaimah
Personal
Credit Cards
Benefits:
Unlimited complimentary airport lounge access, cashback on all spends, travel benefits, lifestyle privileges, and savings.
Benefits:
Cashback up to 1.5%, free for life credit card, complimentary airport lounge access, free international remittances, lifestyle privileges.
Deposits
Features:
Auto-renewal available; overdraft facility up to 90% of deposit.
Features:
Automatically transfers excess funds from linked account.
Mortgages
Features:
Applicable for single or joint property ownership.
Features:
Linked account balances offset interest payments, potentially reducing loan costs significantly.
Car Loans
Features:
Flexible repayment up to 60 months; Available for new and used vehicles; Quick approval process
Personal Loans
Features:
Available in both conventional and Islamic variants; salary transfer required.
Features:
Available in both conventional and Islamic variants; mandatory salary transfer.
Savings Accounts
Business
Business Current Accounts
