RAKBANK

NEWS DESK

RAKBANK Launches the “She Means Business” Package to Back Female Entrepreneurs at Every Stage of Their Journey

News Desk 23/06/2026

As RAKBANK marks its 50th anniversary year, the Bank has launched a one-of-a-kind Female Entrepreneurs Package in celebration of International MSME Day, reinforcing its long-standing commitment to empowering female entrepreneurs. Beyond just Banking Launched under the theme “Empowering Women to

NEWS DESK

RAKBANK and Emirates Growth Fund Signed Strategic MOU at Make It in the Emirates to Accelerate SME Growth

News Desk 15/05/2026

RAKBANK and Emirates Growth Fund (EGF) signed a Memorandum of Understanding (MOU) at Make It in the Emirates, marking a strategic alignment between two of the UAE’s leading institutions in SME financing and growth equity. The strategic partnership establishes a framework for both organisations to explore future collaboration opportunities focused on strengthening the

NEWS DESK

RAKBANK Strengthens Support for UAE SMEs with Expanded Financing, Relief Measures and Growth Incentives

News Desk 29/04/2026

RAKBANK today reaffirmed its long-standing commitment to the UAE’s SME sector, announcing a series of measures aimed at strengthening business resilience, maintaining credit flow and enabling growth during a period of heightened global uncertainty. For over five decades, supporting small and medium enterprises has been at the core of RAKBANK’s strategy. Having served more

NEWS DESK

RAKBANK’s Credit Ratings Reaffirmed by Moody’s with Positive Outlook Maintained

News Desk 31/03/2026

Further to Moody’s upgrade of RAKBANK’s outlook to Positive in 2025, Moody’s Ratings has concluded its latest periodic review (rating committee held on 18 March 2026), reaffirming the Bank’s key ratings and maintaining the Positive outlook. RAKBANK’s Baa1 long-term deposit rating and baa3 Baseline Credit Assessment (BCA) have been affirmed, reflecting the Bank’s continued

NEWS DESK

RAKBANK Elite Wins Two Major Titles at Euromoney Private Banking Awards 2026

News Desk 30/03/2026

RAKBANK Elite has been recognized at the Euromoney Private Banking Awards 2026, receiving two prestigious distinctions: Middle East’s Best for Premier Banking UAE’s Best for Premier Banking The awards recognize institutions that demonstrate excellence in delivering differentiated premier and wealth banking services, strong client focus and sustained business growth. Over

NEWS DESK

RAKBANK and Network International Complete Merchant Acquiring Transaction in the UAE

News Desk 26/03/2026

Further to the announcement made on 28 November 2025 regarding the strategic partnership between RAKBANK and Network International (Network), the transaction has now successfully closed following all required approvals from the Central Bank of the UAE. As part of the partnership, Network will provide its state-of-the-art payment solutions to serve RAKBANK’s customers

NEWS DESK

RAKBANK Receives In-Principle Approval to Launch an AED-Backed Stablecoin

News Desk 07/01/2026

RAKBANK announced today that it has received in-principle approval from the Central Bank of the UAE (CBUAE) to issue an AED-backed payment token i.e., stablecoin, subject to the completion of regulatory and operational requirements. This marks an important step in RAKBANK’s digital assets journey and reflects the Bank’s commitment to developing regulated, secure and

NEWS DESK

RAKBANK Unveils New Elite Banking Centres in Abu Dhabi, Dubai, and Ras Al Khaimah

PR News Desk 14/07/2025

RAKBANK has officially inaugurated its state-of-the-art Elite Banking Centres in Abu Dhabi, Dubai, and Ras Al Khaimah, further strengthening its commitment to serving customers with personalised, relationship-driven banking experiences. A ribbon-cutting ceremony was held last week to mark the launch, attended by RAKBANK Chairman H.E. Mohamed Omran Al Shamsi and Group Chief

NEWS DESK

RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million

PR News Desk 07/07/2025

RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million. The perpetual securities have a no-call period of six years (PerpNC6) and carry a coupon rate of 6.625%. The issuance was met with strong investor demand, allowing RAKBANK to tighten pricing by 37.5 basis points. This reflects investor confidence […]

NEWS DESK

RAKBANK wins Euromoney’s prestigious award for UAE’s Best Bank for SMEs

PR News Desk 26/05/2025

RAKBANK’s Business Banking Group (BBG) has been honoured with the highly coveted title of UAE’s Best Bank for SMEs at the Euromoney Awards for Excellence 2025, marking a milestone in the institution’s longstanding commitment to empowering small and medium enterprises across the UAE. Recognised as the gold standard in the global banking industry, the Euromoney

NEWS DESK

EDB and RAKBANK Unveil Landmark AED 1 Billion mSME Fund to Supercharge UAE’s Industrial Growth

PR News Desk 21/05/2025

In a major boost for UAE-based micro, small and medium enterprises (mSMEs), Emirates Development Bank (EDB) and RAKBANK have announced the launch of a co-financing partnership totalling AED 1 billion to catalyse growth in national priority sectors. The landmark initiative was unveiled at the Make it in the Emirates Forum, held under the patronage of […]

NEWS DESK

RAKBANK Selects Oracle Fusion Cloud Applications Suite to Accelerate Business Growth

PR News Desk 18/10/2024

Oracle today announced that UAE-based RAKBANK (National Bank of Ras Al Khaimah) has selected Oracle Fusion Cloud Applications Suite to make its business processes seamless, efficient and fit to support the bank’s rapid growth plans. With an integrated suite of cloud applications to manage finance, HR,

NEWS DESK

RAKBANK completes its inaugural Tier 2 Issuance of USD 250 Million

PR News Desk 04/09/2024

RAKBANK has successfully completed its first Tier 2 security issuance, raising USD 250 million, the securities were issued with a maturity of 10.25 years and a non-call period of 5.25 years (10.25NC5.25), carrying a coupon rate of 5.875%. The issuance was met with a very strong investor demand, being oversubscribed by 4 times with peak […]

NEWS DESK

Protego: A New Era in Insurance for the UAE

PR News Desk 03/09/2024

Introducing Protego, the game-changing insurance aggregator platform that’s here to revolutionize how you navigate insurance in the UAE. Supported by RAKBANK, Protego is now live as a fully operational subsidiary, poised to transform the way UAE residents buy, manage, and claim their insurance policies.   Protego streamlines the entire insurance process,

NEWS DESK

RAKBANK Collaborates with Wipro to Establish a Testing Center in Dubai to Accelerate Banking Innovation

News Desk 25/07/2024

RAKBANK, a prominent financial institution in the United Arab Emirates, today announced that it has collaborated with Wipro Limited, a leading technology services and consulting company, to establish a Testing Center of Excellence (TCoE) designed to accelerate innovation and enhance the quality and efficiency of the bank’s digital services. Under this partnership, Wipro

NEWS DESK

RAKBANK issues first ever public Social Bond in the GCC

News Desk 19/07/2024

RAKBANK is pleased to announce the successful issuance of its 5-year Euro Medium-Term Note (EMTN) Bond under its Social Finance Framework. Given the very strong demand and investor interest, it was oversubscribed by more than 3X allowing us to upsize the issue to USD 600MM and tighten the pricing by 35bps to USTs + 135bps. The […]

NEWS DESK

RAKBANK to Transform AI Applications in Banking Operations supported by Microsoft

News Desk 10/07/2024

RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations at the bank. The intent was formalized through a memorandum of understanding (MoU) signed by Raheel Ahmed, Group CEO of RAKBANK, and Naim Yazbeck, General Manager of Microsoft UAE, at the […]

Banking

UAE SME Sector Is Buoyant, Despite Global Challenges

Arnold Pinto 06/04/2024

RAKBank Steps Up Assistance To Key Sector Small and medium-sized enterprises (SMEs) in the UAE have entered the second quarter of 2024 on a sound footing – registering remarkable growth and resilience – despite global economic challenges. This scenario was highlighted at a news conference in Dubai hosted by RAKBank. The meeting, which sought to […]

NEWS DESK

RAKBANK SME Confidence Index Launched in Collaboration with RFI Global

PR News Desk 01/04/2024

RAKBANK today launched its inaugural SME Confidence Index report in collaboration with independent research company RFI Global. Among the headline findings of the report is that the Small & Medium Enterprise (SME) sector in the United Arab Emirates has successfully moved from a stage of resilience to prosperity after the Covid-19 pandemic, with two in […]