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RAKBank nine-month 2020 net profits down to Dh438.64m as provisions cross Dh1b mark
Third quarter profits at RAKBank were down to Dh132.02 million, from Dh284.48 million a year ago, with higher provisions being the main factor in the decline. For the first nine months, provisions went past Dh1 billion to Dh1.28 billion against Dh983.89 million. This weighed down nine-month net profits to Dh438.64…
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