Financial Results
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RAKBank reports 60% increase in Q2 net income as bad loans drop and interest income rise
National Bank of Ras Al Khaimah reported a 60 per cent increase in second quarter net income, as interest income climbed and provisioning for bad loans fell amid economic rebound in the UAE. Net profit for the three months to the end of June climbed to Dh307 million ($83.7m), RAKBank…
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