The National Bank of Ras Al Khaimah (RAKBANK) said its profit after tax rose 21.3% to AED2.523 billion in the first nine months of 2026, from AED2.080 billion a year earlier.
The result included a AED473 million gain from the sale of its merchant acquiring business, the bank said in its results statement on Thursday.
Operating income grew 14.7% to AED4.466 billion. Total assets rose 20.8% from a year earlier to AED120.2 billion.
Current and savings account balances increased 11% to AED48.3 billion. The bank said it added 12,000 small and medium-sized business customers during the period and extended AED4.2 billion in new financing.
The impaired loans ratio fell to 1.7%, and coverage of Stage 3 loans stood at 85.9%. The capital adequacy ratio was 18.4% and the eligible liquid asset ratio was 14.5%.
Return on equity reached 23.3% and return on assets was 3.1%.
“A diversified business and durable earnings continued to deliver outstanding returns,” the bank said, adding that it was investing in a refreshed brand and a new personal banking mobile app.
RAKBANK reported on the same day as Abu Dhabi Commercial Bank and Bank of Sharjah, which also posted higher nine-month profits.
