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Article: Rakbank reports 10.3% increase in first-half profit.(Financial report)
- Article from:
- Gulf News (United Arab Emirates)
- Article date:
- July 27, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ahmed A. Namatalla, Staff Reporter
Abu Dhabi: The National Bank of Ras Al Khaimah (Rakbank)Aaon SundayAareported that first half profits grew 10.3 per cent to Dh343.8 million over the same period last year.
Registering one of the strongest performances by a UAE bank this quarter, Rakbank's second quarter profits of Dh183.4 million surpassed the previous quarter by 14.4 per cent.
First half interest income contributed significantly to the bank's profit growth, recording a 32 per cent increase over last year to Dh530.8 million.
Analysts cite the bank's conservative lending and investment practices, focus on retail banking and ...
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Article: AME Info, Abu Dhabi, United Arab Emirates, ...
Knight Ridder/Tribune Business News;
August 1, 2004 ;
498 words
...AME Info, Abu Dhabi, United Arab Emirates Knight Ridder ... increase in the first half. Group first-half profits reported at the end of last week were ... ameinfo.com. (c) 2004, AME Info, Abu Dhabi, United Arab Emirates. Distributed ...
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