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

RAKBANK Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	791.46	2,990	2,463	3,325	3,636	1,903
Investment Securities	13,868	10,365	8,311	7,893	7,570	6,567
Trading Asset Securities	636.41	762.12	670.99	443.68	735.54	675.55
Total Investments	14,504	11,127	8,982	8,337	8,306	7,243
Gross Loans	53,477	41,982	38,144	35,456	32,201	36,262
Allowance for Loan Losses	-2,771	-2,515	-2,073	-1,893	-2,159	-1,712
Net Loans	50,706	39,468	36,071	33,563	30,041	34,551
Property, Plant & Equipment	621.41	567.54	550.67	579.41	613.25	1,009
Goodwill	-	166.39	166.39	166.39	166.39	166.39
Other Intangible Assets	390.45	213.02	220.23	249.28	300.56	-
Accrued Interest Receivable	522.53	519.59	446.93	303.85	275.93	322
Other Receivables	130.19	10,311	9,769	7,028	5,671	6,167
Restricted Cash	6,484	4,906	4,003	2,042	2,019	3,239
Other Current Assets	6,112	340.96	182.09	120.03	214.57	472.5
Other Real Estate Owned & Foreclosed	71.5	73.5	11.4	-	-	-
Other Long-Term Assets	3,558	3,273	3,481	1,869	1,528	2,048
Total Assets	83,891	73,955	66,346	57,583	52,773	57,120
Accrued Expenses	540.16	421.36	348.88	271.61	238.58	264.58
Interest Bearing Deposits	26,200	21,175	18,091	15,064	14,104	18,471
Non-Interest Bearing Deposits	31,350	29,506	27,044	23,892	22,856	18,432
Total Deposits	57,550	50,681	45,135	38,956	36,959	36,903
Short-Term Borrowings	2,879	2,701	3,163	1,562	636.96	1,971
Current Portion of Long-Term Debt	-	1,831	-	-	-	-
Accrued Interest Payable	477.59	368.84	202.16	74.22	112.56	246.92
Other Current Liabilities	1,604	1,023	372.47	609.47	690.56	939.86
Long-Term Debt	8,344	5,837	7,289	7,106	5,665	8,195
Long-Term Leases	102.97	103.3	102.91	130.6	102.35	151.71
Pension & Post-Retirement Benefits	137.27	126.79	125.5	128.27	124.31	115.27
Long-Term Deferred Tax Liabilities	26.19	13.73	-	-	-	-
Other Long-Term Liabilities	501.92	493.74	586.88	197.22	204.29	265.09
Total Liabilities	72,330	63,600	57,326	49,202	44,928	49,278
Common Stock	2,011	2,011	1,676	1,676	1,676	1,676
Retained Earnings	6,205	8,292	7,422	6,615	6,109	6,110
Comprehensive Income & Other	3,313	23.08	-103.88	51.87	20.49	17.92
Total Common Equity	11,530	10,327	8,994	8,343	7,806	7,804
Minority Interest	30.8	27.46	26.34	39.23	39.31	37.83
Shareholders' Equity	11,561	10,355	9,021	8,382	7,845	7,842
Total Liabilities & Equity	83,891	73,955	66,346	57,583	52,773	57,120
Total Debt	11,326	10,472	10,555	8,798	6,405	10,318
Net Cash (Debt)	-8,488	-6,720	-7,421	-5,030	-1,258	-7,339
Net Cash Per Share	-4.22	-3.34	-3.69	-2.50	-0.63	-3.65
Filing Date Shares Outstanding	2,011	2,011	2,011	2,011	2,011	2,011
Total Common Shares Outstanding	2,011	2,011	2,011	2,011	2,011	2,011
Book Value Per Share	5.73	5.13	4.47	4.15	3.88	3.88
Tangible Book Value	11,140	9,948	8,608	7,927	7,339	7,637
Tangible Book Value Per Share	5.54	4.95	4.28	3.94	3.65	3.80

Source: S&P Capital IQ. Banks template. Financial Sources.