RAKBANK Achieves Record Dh1 Billion Profit in Q1 2026

Apr 20, 2026

59 min

Apr 20, 2026 15:30

RAKBANK posts record Q1 profit of Dh1 billion on strong lending, one-off gains

## Strong Financial Performance

RAKBANK has reported a record profit of Dh1 billion for the first quarter of 2026, marking a 43% increase compared to the same period last year. This surge in profit is attributed to robust lending activities and a significant one-off gain from the sale of its merchant acquiring business.

## Key Financial Metrics

The bank's net interest margin stood at an impressive 4.0%, while its CASA ratio reached 65.6%. Total assets grew by 18% year-on-year to Dh107.3 billion, and customer deposits saw a 22% increase, totaling Dh74.3 billion. These figures reflect strong momentum across RAKBANK's corporate, SME, and retail segments.

## Liquidity and Capital Adequacy

RAKBANK maintained a strong liquidity position with an eligible liquid assets ratio of 17.7%. The bank's capital adequacy ratio was reported at 18.7%, comfortably above regulatory requirements. Profitability metrics also improved, with return on common equity rising to 29.9% and return on assets increasing to 3.9%.

## Future Outlook

The bank remains optimistic about future growth, supported by its strong capital base and liquidity. RAKBANK continues to focus on expanding its core banking operations, ensuring it is well-positioned to support its customers and sustain long-term growth.

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