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 RAKBANK Records 13% Growth in First Quarter Profits- RAKBANK Records 13% Growth in First Quarter Profits
- April 29, 2013
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RAKBANK, the leading retail and small business bank in the UAE, reported a net profit of AED 367.98 million for the quarter ended 31st March 2013, reflecting a 13% growth over the same period last year.
"RAKBANK continues to register strong profit year on year owing to its conservative underwriting and a competitive pricing policy for its innovative products and award-winning customer service," said Graham Honeybill, RAKBANK Chief Executive Officer. "The first quarter of 2013 saw major developments at the Bank including the launch of its Islamic banking division, RAKBANK AMAL, which caters to a wider customer base that prefers Shariah-compliant products."
Net interest income plus net profit...
- View more at: http://www.1888pressrelease.com/rakbank-records-13-growth-in-first-quarter-profits-pr-468531.html
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