Dubai, UAE: RAKBANK has reported a record quarterly profit after tax of Dh1 billion for the first quarter of 2026, reflecting a 43% year-on-year increase, driven by strong balance sheet growth and a one-off gain from a business divestment.
The bank’s performance was bolstered by a Dh473 million gain from the sale of its merchant acquiring business, alongside an industry-leading net interest margin of 4.0% and a CASA ratio of 65.6%.
Total assets rose 18% year-on-year to Dh107.3 billion, while customer deposits increased 22% to Dh74.3 billion, highlighting sustained momentum across corporate, SME, and retail banking segments.
RAKBANK maintained a strong liquidity position, reporting an eligible liquid assets ratio of 17.7%, as it continued to support customers amid short-term disruptions while staying focused on long-term growth.
The bank’s capital adequacy ratio stood at 18.7%, well above regulatory requirements. Profitability metrics also showed significant improvement, with return on common equity rising to 29.9% from 22.4% a year earlier, and return on assets increasing to 3.9% from 3.2%, partly supported by the divestment.
The lender said it remains well-positioned for continued growth, underpinned by strong capital, solid liquidity, and ongoing expansion across its core banking segments.
