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

ADX:RAKBANK Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	871.31	2,141	2,990	2,463	3,325	3,636
Investment Securities	19,237	13,064	10,365	8,311	7,893	7,570
Trading Asset Securities	910.74	956.39	762.12	670.99	443.68	735.54
Total Investments	20,148	14,020	11,127	8,982	8,337	8,306
Gross Loans	54,893	50,074	41,982	38,144	35,456	32,201
Allowance for Loan Losses	-2,877	-2,850	-2,515	-2,073	-1,893	-2,159
Net Loans	52,016	47,224	39,468	36,071	33,563	30,041
Property, Plant & Equipment	701.05	639.94	567.54	550.67	579.41	613.25
Goodwill	-	100.78	100.78	166.39	166.39	166.39
Other Intangible Assets	376.45	305.79	278.62	220.23	249.28	300.56
Accrued Interest Receivable	595.42	594.66	519.59	446.93	303.85	275.93
Other Receivables	139.13	11,210	10,311	9,769	7,028	5,671
Restricted Cash	8,999	7,875	4,906	4,003	2,042	2,019
Other Current Assets	6,177	475.15	340.96	182.09	120.03	214.57
Other Real Estate Owned & Foreclosed	20	-	73.5	11.4	-	-
Other Long-Term Assets	759.89	3,739	3,273	3,481	1,869	1,528
Total Assets	90,804	88,325	73,955	66,346	57,583	52,773
Accrued Expenses	545.93	623.83	421.36	348.88	271.61	238.58
Interest Bearing Deposits	26,397	27,112	21,428	18,091	15,064	14,104
Non-Interest Bearing Deposits	35,188	32,796	29,254	27,044	23,892	22,856
Total Deposits	61,585	59,908	50,681	45,135	38,956	36,959
Short-Term Borrowings	3,280	3,091	2,701	3,163	1,562	636.96
Current Portion of Long-Term Debt	-	2,386	1,284	-	-	-
Current Income Taxes Payable	274.61	206.27	-	-	-	-
Accrued Interest Payable	385.98	569.74	368.84	202.16	74.22	112.56
Other Current Liabilities	1,620	1,142	743.54	372.47	609.47	690.56
Long-Term Debt	10,208	7,662	6,383	7,289	7,106	5,665
Long-Term Leases	108.41	106.81	103.3	102.91	130.6	102.35
Pension & Post-Retirement Benefits	134.29	133.03	126.79	125.5	128.27	124.31
Long-Term Deferred Tax Liabilities	16.54	8.92	13.73	-	-	-
Other Long-Term Liabilities	1,065	692.27	772.78	586.88	197.22	204.29
Total Liabilities	79,224	76,529	63,600	57,326	49,202	44,928
Common Stock	2,011	2,011	2,011	1,676	1,676	1,676
Retained Earnings	6,280	9,732	8,292	7,422	6,615	6,109
Comprehensive Income & Other	3,254	22.07	23.08	-103.88	51.87	20.49
Total Common Equity	11,545	11,766	10,327	8,994	8,343	7,806
Minority Interest	33.88	31.08	27.46	26.34	39.23	39.31
Shareholders' Equity	11,579	11,797	10,355	9,021	8,382	7,845
Total Liabilities & Equity	90,804	88,325	73,955	66,346	57,583	52,773
Total Debt	13,597	13,245	10,472	10,555	8,798	6,405
Net Cash (Debt)	-9,669	-10,147	-6,720	-7,421	-5,030	-1,258
Net Cash Per Share	-4.81	-5.04	-3.34	-3.69	-2.50	-0.63
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	5.74	5.85	5.13	4.47	4.15	3.88
Tangible Book Value	11,169	11,359	9,948	8,608	7,927	7,339
Tangible Book Value Per Share	5.55	5.65	4.95	4.28	3.94	3.65

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.