Sunday 22, January 2012 by Robin Amlôt
RAKBANK reports 2011 net profits up 20 per cent
RAKBANK has announced an AED 1,203.5 million ($327.7 million) net profit for 2011, an increase of 20 per cent over 2010. Earnings were impacted as a result of the Central Bank’s guidelines on personal lending but RAKBANK says it swiftly refocused its business towards SME and other lending opportunities within the consumer banking segments.
