The National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)

ADX:RAKBANK Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	5,448	5,234	4,570	2,993	2,426	3,057
Interest Paid on Deposits	1,824	1,672	1,233	503.79	258.06	531.3
Net Interest Income	3,623	3,562	3,336	2,489	2,168	2,526
Net Interest Income Growth (YoY)	2.36%	6.77%	34.02%	14.80%	-14.14%	-9.87%
Gain (Loss) on Sale of Investments	220.01	88.07	48.67	-10.94	63.81	73.69
Other Non-Interest Income	1,211	1,062	1,019	917.29	998.29	964.76
Total Non-Interest Income	1,431	1,150	1,068	906.35	1,062	1,038
Non-Interest Income Growth (YoY)	26.50%	7.73%	17.82%	-14.67%	2.28%	-11.76%
Revenues Before Loan Losses	5,055	4,713	4,404	3,396	3,231	3,564
Provision for Loan Losses	541.27	776.02	1,005	797.42	1,077	1,663
Revenue	4,513	3,937	3,399	2,598	2,154	1,901
Revenue Growth (YoY)	15.65%	15.82%	30.81%	20.63%	13.32%	-28.70%
Salaries and Employee Benefits	1,007	977.56	891.91	816.88	775.33	788.61
Occupancy Expenses	198.67	192.84	194.49	180.64	203.22	204.19
Selling, General & Administrative	546.73	420.1	366	321.2	330.05	402.56
Other Non-Interest Expense	52.89	67.91	148.87	116.62	86.98	-
Total Non-Interest Expense	1,805	1,658	1,601	1,435	1,396	1,395
EBT Excluding Unusual Items	2,708	2,278	1,797	1,163	758.3	505.38
Pretax Income	2,708	2,278	1,797	1,163	758.3	505.38
Income Tax Expense	241.31	202.45	13.73	-	-	-
Earnings From Continuing Operations	2,467	2,076	1,784	1,163	758.3	505.38
Minority Interest in Earnings	-7.3	-3.21	-0.17	7.37	-2.18	-1.6
Net Income	2,459	2,072	1,784	1,170	756.13	503.78
Net Income to Common	2,459	2,072	1,784	1,170	756.13	503.78
Net Income Growth	16.07%	16.20%	52.40%	54.78%	50.09%	-54.00%
Basic Shares Outstanding	2,011	2,011	2,011	2,011	2,011	2,011
Diluted Shares Outstanding	2,011	2,011	2,011	2,011	2,011	2,011
EPS (Basic)	1.22	1.03	0.89	0.58	0.38	0.25
EPS (Diluted)	1.22	1.03	0.89	0.58	0.38	0.25
EPS Growth	16.07%	16.20%	52.40%	54.78%	50.09%	-54.00%
Dividend Per Share	0.500	0.500	0.310	0.283	0.188	0.125
Dividend Growth	61.29%	61.29%	9.43%	51.09%	50.00%	-50.00%
Effective Tax Rate	8.91%	8.89%	0.76%	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.