National Bank of Ras Al-Khaimah PSC 2023 IR
The report highlights RAKBANK's record-breaking financial performance in 2023, with profit before tax increasing by 54.6% to AED 1.8 billion. The bank made significant progress in its digital transformation, launching digital onboarding for personal accounts and credit cards, which led to a 68% digital share of new account openings. In sustainability, RAKBANK committed to achieving net zero emissions in its banking operations by 2030 and became the first bank in the GCC to introduce a Social Finance Framework. Additionally, the bank reduced its direct electricity consumption by 10% and water consumption by 15% year-on-year.
Company: National Bank of Ras Al-Khaimah PSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2023
Type: IR
Pages: 268
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National Bank of Ras Al-Khaimah PSC
Annual Integrated Report
The report highlights RAKBANK's record-breaking financial performance in 2023, with profit before tax increasing by 54.6% to AED 1.8 billion. The bank made significant progress in its digital transformation, launching digital onboarding for personal accounts and credit cards, which led to a 68% digital share of new account openings. In sustainability, RAKBANK committed to achieving net zero emissions in its banking operations by 2030 and became the first bank in the GCC to introduce a Social Finance Framework. Additionally, the bank reduced its direct electricity consumption by 10% and water consumption by 15% year-on-year.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 26, 2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Women on Board
Women in Management
Net Zero Target
Employees