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RAK Bank '09 profit rises 14%
- United Arab Emirates: Monday, February 08 - 2010 at 09:40
National Bank of Ras al-Khaimah (Rakbank) has reported a 14.2% rise in full-year profit to Dhs726.15m. Increases in loans and advances in the retail segment contributed to a rise of 23% in the lender's total assets to Dhs17.1bn, the bank said. The share capital of the bank increased to Dhs962m from Dhs740m. Total shareholders equity increased to Dhs2797m at the end of the year.
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StaffMonday, February 08 - 2010 at 09:40 UAE local time (GMT+4)
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