Wallets/rakbank
RAKBANK
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Overview
RAKBANK is ADX: RAKBANK + UAE commercial bank + Government of Ras Al Khaimah ~52.75% controlling + one of UAE's largest commercial banks by branches + ~1.6M+ UAE RAKBANK customers 1, United Arab Emirates report.
History
1976 — RAKBANK National Bank of Ras Al Khaimah founded by Government of Ras Al Khaimah distinctive UAE Northern Emirates banking heritage.
2014 — RAKBANK Mobile Banking app launch.
Ownership & operator
Operating entity: RAKBANK National Bank of Ras Al Khaimah (UAE commercial bank; ADX: RAKBANK).
Major shareholders: Government of Ras Al Khaimah ~52.75% controlling + UAE retail + institutional + foreign investors free float.
Regulators: Central Bank of the UAE.
Technical integration
RAKBANK Mobile Banking app (iOS + Android; ~1.6M+ UAE RAKBANK customers) + rakbank.ae online + RAKBANK branch network across UAE + RAKBANK Visa + Mastercard cards; AE IBAN + UAEICC + Aani (UAE national instant payment scheme).
Implementations & partners
Major UAE banking + payments competitors: Emirates NBD (ENBD X) (Emirates NBD; DFM: EMIRATESNBD; UAE's largest commercial bank by assets) + First Abu Dhabi Bank (FAB) (First Abu Dhabi Bank FAB; ADX: FAB; UAE's #2 commercial bank by assets) + ADCB (Abu Dhabi Commercial Bank) (Abu Dhabi Commercial Bank ADCB; ADX: ADCB; UAE's #3 commercial bank by assets) + Mashreq NEO + NEOPAY (UAE) (Mashreq Neo; DFM: MASQ; UAE digital bank by Mashreqbank) + Dubai Islamic Bank (DIB) (Dubai Islamic Bank DIB; DFM: DIB; UAE's largest Islamic bank) + Abu Dhabi Islamic Bank (ADIB) (Abu Dhabi Islamic Bank ADIB; ADX: ADIB; UAE Islamic bank) + HSBC UAE (HSBC UAE; HSBC Holdings UK parent subsidiary) + Commercial Bank of Dubai (CBD) (Commercial Bank of Dubai CBD; DFM: CBD; UAE commercial bank) + Ajman Bank (Ajman Bank; DFM: AJMANBANK; UAE Islamic bank) + United Arab Bank (UAB) (United Arab Bank; ADX: UAB; UAE commercial bank) + Sharjah Islamic Bank (SIB) (Sharjah Islamic Bank SIB; ADX: SIB; UAE Islamic bank) + Aani (Aani UAE national instant payment scheme).
Regulators: Central Bank of the UAE.
Status
Active, ADX:RAKBANK + UAE commercial bank + Government of Ras Al Khaimah ~52.75% controlling + one of UAE's largest commercial banks by branches + ~1.6M+ UAE RAKBANK customers 1, 2.
Sources
- 1 RAKBANK — official
- 2 RAKBANK — Wikipedia
- United Arab Emirates report In-corpus:
reports/countries/AE-united-arab-emirates.md
Source
Biography extracted from rakbank.md. See matrix.md for standards-support matrix if present.