National Bank of Ras Al-Khaimah PSC 2020 IR
The report highlights RAKBANK's resilience and sustainability efforts during the challenging year of 2020, marked by the COVID-19 pandemic. The bank published its first integrated report, aligning its strategy with the UAE National Vision 2021, Abu Dhabi Economic Vision 2030, and the UN Sustainable Development Goals. Key achievements include expanding digital transactions by 21% and reducing physical branches from 36 to 27 as part of its digital transformation strategy. Financially, the bank recorded a net profit of AED 505.4 million and supported customers through the UAE Central Bank's Targeted Economic Support Scheme (TESS). Additionally, the bank achieved a 95% paper recycling rate and launched several community-driven initiatives.
Company: National Bank of Ras Al-Khaimah PSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2020
Type: IR
Pages: 139
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National Bank of Ras Al-Khaimah PSC
Integrated Report
The report highlights RAKBANK's resilience and sustainability efforts during the challenging year of 2020, marked by the COVID-19 pandemic. The bank published its first integrated report, aligning its strategy with the UAE National Vision 2021, Abu Dhabi Economic Vision 2030, and the UN Sustainable Development Goals. Key achievements include expanding digital transactions by 21% and reducing physical branches from 36 to 27 as part of its digital transformation strategy. Financially, the bank recorded a net profit of AED 505.4 million and supported customers through the UAE Central Bank's Targeted Economic Support Scheme (TESS). Additionally, the bank achieved a 95% paper recycling rate and launched several community-driven initiatives.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
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
Emissions
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees