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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	778.05	2,990	2,463	3,325	3,636	1,903
Investment Securities	12,679	10,365	8,311	7,893	7,570	6,567
Trading Asset Securities	730.6	762.12	670.99	443.68	735.54	675.55
Total Investments	13,410	11,127	8,982	8,337	8,306	7,243
Gross Loans	49,540	41,982	38,144	35,456	32,201	36,262
Allowance for Loan Losses	-2,739	-2,515	-2,073	-1,893	-2,159	-1,712
Net Loans	46,802	39,468	36,071	33,563	30,041	34,551
Property, Plant & Equipment	575.84	567.54	550.67	579.41	613.25	1,009
Goodwill	-	166.39	166.39	166.39	166.39	166.39
Other Intangible Assets	376.88	213.02	220.23	249.28	300.56	-
Accrued Interest Receivable	567.66	519.59	446.93	303.85	275.93	322
Other Receivables	129.86	10,311	9,769	7,028	5,671	6,167
Restricted Cash	7,504	4,906	4,003	2,042	2,019	3,239
Other Current Assets	6,295	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	3,897	3,273	3,481	1,869	1,528	2,048
Total Assets	80,408	73,955	66,346	57,583	52,773	57,120
Accrued Expenses	449.96	421.36	348.88	271.61	238.58	264.58
Interest Bearing Deposits	27,248	21,175	18,091	15,064	14,104	18,471
Non-Interest Bearing Deposits	31,523	29,506	27,044	23,892	22,856	18,432
Total Deposits	58,771	50,681	45,135	38,956	36,959	36,903
Short-Term Borrowings	3,304	2,701	3,163	1,562	636.96	1,971
Current Portion of Long-Term Debt	-	1,831	-	-	-	-
Accrued Interest Payable	363.43	368.84	202.16	74.22	112.56	246.92
Other Current Liabilities	499.62	1,023	372.47	609.47	690.56	939.86
Long-Term Debt	4,983	5,837	7,289	7,106	5,665	8,195
Long-Term Leases	102.19	103.3	102.91	130.6	102.35	151.71
Pension & Post-Retirement Benefits	131.8	126.79	125.5	128.27	124.31	115.27
Long-Term Deferred Tax Liabilities	13.84	13.73	-	-	-	-
Other Long-Term Liabilities	893.3	493.74	586.88	197.22	204.29	265.09
Total Liabilities	69,614	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	5,614	8,292	7,422	6,615	6,109	6,110
Comprehensive Income & Other	3,140	23.08	-103.88	51.87	20.49	17.92
Total Common Equity	10,766	10,327	8,994	8,343	7,806	7,804
Minority Interest	27.76	27.46	26.34	39.23	39.31	37.83
Shareholders' Equity	10,794	10,355	9,021	8,382	7,845	7,842
Total Liabilities & Equity	80,408	73,955	66,346	57,583	52,773	57,120
Total Debt	8,389	10,472	10,555	8,798	6,405	10,318
Net Cash (Debt)	-4,696	-6,720	-7,421	-5,030	-1,258	-7,339
Net Cash Per Share	-2.33	-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	5.35	5.13	4.47	4.15	3.88	3.88
Tangible Book Value	10,389	9,948	8,608	7,927	7,339	7,637
Tangible Book Value Per Share	5.16	4.95	4.28	3.94	3.65	3.80

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