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RAKBank reports Dh153.5m first quarter 2020 net profit

The National Bank of Ras Al-Khaimah on Sunday reported a consolidated net profit of Dh153.5 million for the first quarter of 2020, a decrease of 43.2 per cent compared to the first quarter of 2019. The bank attributed the decline Q1 profits to higher IFRS 9 provisions that are set…

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Click here to read the full story: Gulf News

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