RAKBANK Profile

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is one of the fastest growing and most dynamic banks in the UAE. Founded in 1976, the Bank underwent a major transformation in 2001, with a shift in focus from corporate banking to retail and small businesses.

Today, the Bank offers a wide range of personal and business banking services throughout its 35 branches and its portfolio of electronic banking solutions, which include Telephone, Online, and Mobile Banking. It also offers Sharia-compliant personal and business banking services via its Islamic Banking unit, RAKBANK AMAL.

RAKBANK is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. Its Head Office is situated in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road in Ras Al-Khaimah. The Bank is 52.76% owned by the Government of Ras Al-Khaimah and its shares are publicly traded on ADX. The Board of Directors consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait.

RAKBANK is a proud member of the UAE Banking Federation (UBF)  and as such, abides by the UBF stipulated Customer Charter for all member banks. We concur with the Customer Charter to promote trust and best practices across financial services industry, providing customers with clear guidelines about the standard of service they can expect from their banks.
 

Board of Directors

Name Capacity Nationality
H.E. Mohammad Omran Alshamsi  Chairman U.A.E
H.E. Engr. Sheikh Salem Bin Sultan Al Qasimi Member U.A.E
Mr. Ahmed Essa Al Naeem Member U.A.E
Mr. Hamad Abdulaziz Al Sagar Member Kuwait
Mr. Salem Ali Al Sharhan Member U.A.E
Mr. Yousuf Obaid Al Nuaimi Member U.A.E
Mr. Rajan Khetarpal Member India
Mr. Allan Griffiths Member Australia


Compliance Certificate

The USA PATRIOT Act was approved by US Congress. As a part of implementation the US Department of the Treasury requires Covered Financial Institutions to obtain certain information from Foreign Banks for which they maintain correspondent accounts in the United States.

Please click below for The National Bank of Ras Al Khaimah (P.S.C.). Global Certification Regarding Correspondent Accounts for Foreign Banks. The certificate will be updated from time to time, as required, to reflect changes to Appendix I to the certificate.

AML & CTF Policy Statement

US Patriot Act Certificate

Wolfsberg Questionnaire

 

Chat with one of our experienced web agents