28.5% Profit growth of the "national RAK" to 555 million

Source: Dubai – Publication date: July 23, 2019 The National Bank of Ras Al Khaimah has announced its financial results for the six months ended June 30th, with a consolidated net profit amounting to AED 554.9 million, ie 28.5% of one year on the other. Second quarter net income was 284.8 million AED, up 25.7% from the second quarter of 2018. Net income also improved 5 , 4% qoq. Total loans and advances increased 1.4% from the previous year to AED 35.3 billion, driven by growth in corporate and consumer loan portfolios. Peter England, Managing Director of Bank …