Financial Results
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Rakbank 2011 profits jump 20pc
Leading UAE bank Rakbank, also known as the National Bank of Ras Al-Khaimah, has posted a net profit of Dh1.203 billion ($327.6 million) for 2011, marking an increase of 20 per cent over 2010. Earnings were impacted as a result of the Central Bank’s recently introduced guidelines on personal lending…
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