National Bank of Ras Al-Khaimah PSC 2021 IR
The report highlights RAKBANK's strong financial recovery in 2021, with net profit increasing by 50% to AED 758.3 million, driven by strategic diversification and improved asset quality. The company accelerated its digital transformation, recording over 9.2 million digital transactions and launching digital onboarding for SME accounts. On the sustainability front, RAKBANK developed a new Corporate Social Responsibility policy, achieved a BBB rating from MSCI, and launched green financing solutions in partnership with the Ras Al Khaimah Municipality. Additionally, the bank successfully reduced paper consumption, recycling over 200% of its consumed paper.
Company: National Bank of Ras Al-Khaimah PSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2021
Type: IR
Pages: 137
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National Bank of Ras Al-Khaimah PSC
Annual Integrated Report
The report highlights RAKBANK's strong financial recovery in 2021, with net profit increasing by 50% to AED 758.3 million, driven by strategic diversification and improved asset quality. The company accelerated its digital transformation, recording over 9.2 million digital transactions and launching digital onboarding for SME accounts. On the sustainability front, RAKBANK developed a new Corporate Social Responsibility policy, achieved a BBB rating from MSCI, and launched green financing solutions in partnership with the Ras Al Khaimah Municipality. Additionally, the bank successfully reduced paper consumption, recycling over 200% of its consumed paper.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees