RAKBANK Announces AED 334.6 million in First Quarter Profit

29 April 2014 RAKBANK achieved a net profit of AED 334.6 million for the quarter ended 31st March 2014.Total assets stood at AED 31.5 billion growing 11.3% year on year. Asset growth year to date has been 4.6% which is attributed to a rise in the investments portfolio of AED 862 million and gross loans and advances by AED 680 million.Gross loans and advances stood at AED 23.0 billion, up 12.3% yea