RAKBANK

NEWS DESK

Rakbank wins two Global Finance Digital Bank Awards for SME banking

News Desk 15/10/2026

Rakbank has received two honours at Global Finance’s World’s Best Digital Bank Awards 2026, winning Best SME Banking / SME Platform in both the UAE and the Middle East. The recognition reflects Rakbank’s continued focus on digital innovation, customer experience and creating greater value for

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Sobha Realty and Rakbank Sign MoU to Offer Preferential Home Financing Solutions to Property Buyers

News Desk 13/10/2026

Sobha Realty, a leading luxury real estate developer, has signed a Memorandum of Understanding (MoU) with Rakbank, the National Bank of Ras Al Khaimah, to provide home financing solutions to eligible buyers of Sobha properties. The MoU, establishes a framework through which Rakbank will offer preferential and competitive mortgage solutions to Sobha customers purchasing

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RAKEZ and Rakbank launch UAE-first Sixty-Minute business account opening

News Desk 01/10/2026

Ras Al Khaimah Economic Zone (RAKEZ) and Rakbank are making business banking faster and easier through a new proposition that enables eligible RAKEZ businesses to open a Rakbank Business Current Account within 60 minutes, a first in the UAE.   Available to eligible new and existing businesses with a RAKEZ trade licence, the proposition is […]

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Rakbank unveils new brand identity, reinforcing commitment to rehumanising Rakbank and banking

News Desk 09/09/2026

Rakbank has unveiled a new brand identity that reflects its evolution into one of the UAE’s leading and most diversified financial institutions. Over the past five decades, the Bank has grown far beyond its roots as a community bank, supporting more than 250,000 businesses, building a strong Wholesale Banking franchise, and expanding its Wealth proposition […]

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Rakbank Islamic enables access to Bitcoin trading through its Islamic banking platform

News Desk 24/08/2026

Rakbank today announced that Rakbank Islamic customers can buy, sell and hold Bitcoin through Bitpanda’s regulated virtual asset trading platform directly from the Rakbank mobile app. The new service combines the convenience of banking with the opportunities of virtual assets, allowing customers to access Bitcoin through Rakbank Islamic while transacting directly

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Rakbank Named UAE’s Best SME Bank by Euromoney for the Second Consecutive Year

News Desk 27/07/2026

Rakbank has been named Best SME Bank in the UAE at the Euromoney Awards 2026, securing the prestigious recognition for the second consecutive year. The award reflects Rakbank’s commitment to helping businesses grow and succeed through deep SME expertise, broad financial capabilities, digital convenience and dedicated relationship support. For 50 years, Rakbank has been a

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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 Start, Grow and Scale with Confidence” the She Means Business Package reflects

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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

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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

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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

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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

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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

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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

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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

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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 […]

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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

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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 […]

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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,

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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 […]

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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,