RAKBANK reported a 26.1% jump in profit after tax to Dh1.374 billion for the first half of 2025, up from Dh1.09 billion in H1 2024. Q2 net income rose 22% to Dh669 million.
Operating profit climbed 7.7% to Dh1.68 billion, supported by strong asset growth and rising non-interest income. Total assets reached Dh95 billion, an 18.1% year-on-year increase, driven by a 17.4% rise in gross loans and advances to Dh51.3 billion.
Non-interest income increased sharply, Q1 saw a 47% year-on-year rise to Dh433 million. Overall, H1 saw better margins from fees, insurance and trading.
Deposits remained robust, with CASA balances increasing 12.2% to Dh40.4 billion and the CASA ratio at 66%, among the strongest in the UAE banking sector. Credit quality improved: net impairment charges fell to 0.7% of average loans (from 1.7%), and the impaired loan ratio declined to 1.9%. The provisions-to-gross-loans ratio stood at 5.2%.
Shareholder returns remained strong with ROE rising to 22.1% and ROA to 3.1%. The bank’s capital adequacy ratio stood at 18.8%, supported by solid liquidity with an eligible liquid asset ratio of 15.1%.
