RAK Bank – Key Financials Trend Total Assets (AED Bn)
Customer Deposits (AED Bn)
35
25
30
20
25 15
20 15 10
17.1
21.4
24.5
27.3
30.1
10 5
5 0
13.9
16.4
20.7
23.1
0 2009
2010
2011
2012
2013
2009
2010
Advances (AED Bn)
13.4
16.4
20.3
22.4
0 2009
2010
2011
2013
In 2013, RAK Bank earned AED 1,430.8 Mn in net profit. In its maiden year, the bank’s Islamic Finance division – AMAL – broke even, recording a small profit of AED 3.0 Mn for the year
•
Gross loans and advances grew by 8.5% to AED 22.4 Bn in 2013, AED 1.2 Bn of which came from Islamic financing assets
•
In 2013, total operating income increased by AED 257.2 Mn to AED 3.2 Bn
•
Net interest income and income from Islamic financing grew by 5.5% largely on the back of continued focus on garnering low-cost current and savings accounts
15 18.4
2012
•
20
10
2011
Comments
25
5
18.3
2012
2013
Source: Company Website
© 2014 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com June 3, 2014
27