Global Easy Forex is the website that help you know how to start trading forex and related topic financial discussion and news

Make Forex learning easy! 让外汇学习变得简单! جعل تعلم الفوركس سهل! Сделайте обучение Forex легким! ทำให้การเรียนรู้หุ้นฟอร์เร็กซ์เป็นเรื่องง่าย! Làm cho việc học ngoại hối thật dễ dàng!

Start Trading Forex Now! | 立即开始外汇交易! | ابدأ تداول الفوركس الآن! | Начать торговую валюту сейчас! | เริ่มเทรดหุ้นฟอร์เร็กซ์ได้เดี๋ยวนี้! | Bắt đầu giao dịch ngoại hối ngay bây giờ!

Discussion about Forex Trading. | 关于外汇交易的讨论 | مناقشة حول تجارة الفوركس | Обсуждение Торговля на Форекс | พูดคุยเกี่ยวกับการเทรดหุ้นฟอร์เร็กซ์ | Nói về giao dịch ngoại hối

Author Topic: RakBank profit rises 13% on net interest income  (Read 339 times)


  • Newbie
  • *
  • Posts: 2
    • View Profile
on: January 31, 2019, 04:05:19 AM
The National Bank of Ras Al-Khaimah (RakBank) on Wednesday said its 2018 net profit grew 13.2 per cent from Dh810.5 million in 2017 to Dh917.5 million in 2018, thanks to a surge in net interest income and income from Islamic financing and a decline in provisions.

"This considerable increase in profit was due mainly to an increase in net interest income and net income from Islamic financing - which grew by Dh45.5 million - and a decrease of Dh131.8 million in provisions for impairment in loans," said Peter England, CEO, RakBank.

"There are tangible results to show that the efforts we have made to de-risk certain parts of the business over the last few years have allowed us to reduce provisions and improve the quality of our loan book," England said.

Total assets grew by 8.5 per cent to Dh52.7 billion, due to an increase of Dh1.6 billion in gross loans and advances, lending to banks - which grew by Dh956 million - and an increase in investments of Dh1.6 billion.

Wholesale bank lending grew by 22.2 per cent, up Dh1.4 billion from the previous year. The personal banking loan portfolio was down by Dh346 million and business banking loan portfolio was up by Dh494 million compared to 2017. Customer deposits grew by 6.1 per cent to Dh34.1 billion, with growth derived mainly from an increase of Dh2.7 billion in time deposits.

"While 2018 presented hurdles, we maintained our diversification path, which is a core part of our 2020 Strategic Plan. RakBank is placing a greater emphasis on connecting new technologies with advanced processes that will deliver state-of-the-art services," said Mohamed Omran Alshamsi, chairman, RakBank.

Listed on the Abu Dhabi Securities Exchange, RakBank shares closed at Dh4.15 on Wednesday.

Total operating income increased by Dh17.1 million to Dh3.8 billion, mainly due to an increase of Dh45.5 million in net interest income and income from Islamic financing, net of distribution to depositors.

Non-interest income declined by Dh28.3 million to Dh1.1 billion. This was due to a year-on-year decrease of Dh61.2 million in investment income. However, the decrease was offset by an increase of Dh12.7 million for fee and commission income and an increase of Dh24.0 million for foreign exchange and derivative income.

- [email protected]


  • Newbie
  • *
  • Posts: 5
    • View Profile
Reply #1 on: March 05, 2019, 04:53:40 PM
That sounds rich


  • Newbie
  • *
  • Posts: 8
    • View Profile
Reply #2 on: May 10, 2019, 02:49:29 PM
Thank you for this.


Related Topics


Forex Forum - Learn Forex/ 外汇信号 / إشارات الفوركس / Форекс сигналы / สอนเล่น Forex / Tín hiệu Forex/

Disclaimer By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning forex online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to Forex trading in each language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or not. Investing in financial product is subject to market risk. Financial products, such as stock trading and forex, are very speculative and any investment in them should done carefully, desirably with a good personal risk management. Whether you are newbie in forex, part-time traders, or full-time forex traders. Forex trading, Stock Trading and commodity specultion have big potential rewards but also big potential risk.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any forex market or stock market movement. This website is for informative and discussion purpose in this website only. Whether a materials related to Forex trading in different language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия). Whether newbie in forex tradeing, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about forex trading or not. Discussion content reflects the views of individual people only. The people here maybe newbie in Forex trading, part time dorex traders, or full-time traders. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Investment tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments,forex currency pairs, or any products or forex courses. Whether it is in the section of Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or any other language. All investors should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual financial and forex trading advice based on your own particular circumstances before making an investment decision on the basis of information about forex and non-forex matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any forex traders and non-traders.