National Bank of Ras Al- Khaimah (RAKBANK)

The RAK Bank network consists of 33 branches in the United Arab Emirates, with the government owning 52.75% of RAKBANK. They have received honors such as "SME Bank of the Year" from the Arabian Business StartUp honors in 2016, as well as "Best Internet Banking Product of the Year" from The Asian Banker.

Popular products:

• RAKBANK Business Loan - It offers business loans geared to meet a variety of business-related financing needs. The RAKBANK business loan has a maximum finance amount of AED 3 million.
• RAKBANK Credit Card - It offers a variety of credit cards, each with its own set of features. The RAKBANK credit card has an interest rate of 2.95-3.19% and a salary criterion of AED 5-35K.

Unique services:

• Commercial Vehicle Finance - for commercial vehicles, medical equipment, construction equipment, and general equipment.
• RAKmoney transfer services to India, Nepal, Sri Lanka, and the Philippines are available.

Total Assets: AED 52.7 Billion(As of December 2018)
Net Profit: AED 917.5 Million(As of December 2018)

Popular account: RAK Bank Current account
Branches & ATMS in UAE: 26 Branches & 131 ATMs

Website: https://rakbank.ae/wps/portal/retail-banking