RAKBANK
RAKBANK, founded in 1976, is a large banking enterprise headquartered in Ras Al Khaimah, UAE, with a team of 4,661 employees. The bank offers a range of personal, business, wholesale, and Islamic banking services, including a mobile app for digital banking.
Company Overview
RAKBANK, founded in 1976, operates in the banking industry and is headquartered in Ras Al Khaimah, United Arab Emirates. The bank employs a team of 4,661 individuals, classifying it as a very large enterprise. RAKBANK focuses on providing a range of personal and business banking services, including Sharia-compliant options through its Islamic Banking unit, RAKislamic. The bank is publicly traded on the Abu Dhabi Securities Exchange (ADX) and is partially owned by the Government of Ras Al-Khaimah, which holds 52.76% of its shares.
Banking Services
RAKBANK offers a diverse array of banking services, including personal loans, current accounts, and credit cards such as the Emirates Skywards World Elite Credit Card. The bank provides both personal and business banking solutions, along with wholesale and Islamic banking services. Its commitment to service excellence is reflected in its adherence to the UAE Banking Federation's Customer Charter.
Digital Banking Solutions
RAKBANK provides a mobile app that facilitates digital banking services for its customers. The app allows users to manage their accounts, conduct secure transactions, and access innovative features. This digital platform enhances customer experience and supports the bank's commitment to offering 'Simply Better' banking solutions.
Transformation and Focus
In 2001, RAKBANK underwent a significant transformation, shifting its focus from corporate banking to personal and business banking. This strategic change allowed the bank to better serve individual customers and small to medium-sized enterprises, aligning its services with the needs of the community.
Headquarters and Location
The head office of RAKBANK is located in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road in Ras Al Khaimah. This central location supports the bank's operations and accessibility for its customers in the region.