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RAKBankon Tuesday (January 27) announced a record Dh2.6 billion net profit for 2025 compared to Dh2.07 billion in the previous year, an increase of 25.7 per cent year-on-year, driven by diversified income streams and new product launches.

The bank performed even better on a quarterly basis, as its profit after tax jumped 36.9 per cent to Dh529 million.

Operating income amounted to Dh5.2 billion, up 10 per cent, while net interest income increased by 3.5 per cent to Dh3.7 billion for 2025.

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Operating expenses for 2025 were Dh1.9 billion, reflecting an increase in volume-related expenses and ongoing investments while maintaining cost discipline, with a cost-to-income ratio at 35.8 per cent versus 35.2 per cent in 2024. Net impairment charge of Dh451 million decreased by 42 per cent year-on-year.

Importantly, the lender also marked 50 years of sustainable growth and an all-time high profitability.

“We delivered record profit before tax of Dh2.9 billion, supported by diversified income streams, sustained balance sheet growth and strong asset quality. We also crossed Dh100 billion in total assets for the first time in our history. Customer deposits reached Dh70 billion, reinforcing the strength and resilience of our balance sheet and the deep trust our customers continue to place in us,” said Raheel Ahmed, group CEO of RAKBank.

Raheel Ahmed

“Our microfinance programme continues to play a meaningful role. During the year, we surpassed 593,000 loan disbursements to blue-collar workers, representing a total value of Dh344 million. These initiatives help customers meet essential needs, manage cash flow, and build greater financial resilience,” said Mohamed Omran Alshamsi, chairman of RAKBank.

In 2025, the bank rolled out a number of new service products, helping the bank to boost profitability and expand its reach.

In personal banking, it launched its premium Elevate Credit Card and inaugurated new Elite Banking Centres in Dubai, Abu Dhabi and Ras Al Khaimah.

In the SME segment, it onboarded more than 22,000 budding entrepreneurs with Dh4.7 billion in loans disbursed.

“This year, we strengthened our SME offerings by launching Speed-e-pay, a digital invoicing solution that enables faster cash flow and instant payments through secure links. We also launched QR Code-based payments powered by AANI, for our SME clients, delivering real-time settlement, lower costs, and seamless scalability,” said Ahmed.

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