National Bank of Ras Al-Khaimah PSC 2019 AR2
The report outlines RAKBANK's financial and sustainability performance for the fiscal year 2019, highlighting its strategic progress toward becoming a bank of the future. The company achieved a 19.4% increase in net profit to AED 1.095 billion, driven by growth in corporate banking and financial institutions. RAKBANK advanced its digital transformation, with digital transactions consistently growing above 30% over the last three years. On the sustainability front, the bank aligned its operations with the GRI Standards, UAE National Vision 2021, and the UN SDGs, while successfully reducing its paper usage by over 50% through digitisation efforts.
Company: National Bank of Ras Al-Khaimah PSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2019
Type: AR2
Pages: 78
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National Bank of Ras Al-Khaimah PSC
Annual Report
The report outlines RAKBANK's financial and sustainability performance for the fiscal year 2019, highlighting its strategic progress toward becoming a bank of the future. The company achieved a 19.4% increase in net profit to AED 1.095 billion, driven by growth in corporate banking and financial institutions. RAKBANK advanced its digital transformation, with digital transactions consistently growing above 30% over the last three years. On the sustainability front, the bank aligned its operations with the GRI Standards, UAE National Vision 2021, and the UN SDGs, while successfully reducing its paper usage by over 50% through digitisation efforts.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees