RAKBANK Extends Financial Support to SMEs in Al Qouz

RAKBANK announced the launch of its new branch in Al Qouz Mall in Dubai’s Al Qouz area. The new branch is home to a sizeable SME center that offers financial solutions to neighboring businesses and start-ups in one of the city’s most prominent industrial hubs.

“Recognizing that SME’s are key contributors to the economy, RAKBANK continues to be aligned with this sector as it constantly seeks out opportunities for further growth,” said Graham Honeybill, RAKBANK CEO. “RAKBANK aims to widen the banking options currently available to SMEs and individuals in Al Quoz by offering customers a wide range of competitive and convenient solutions with award-winning customer service.” 

RAKBANK offers a range of loan and deposit services for SMEs including finance through collateral-free loans without the need for placement of deposits or assets as financial guarantees. RAKBANK offers business loans of AED 1 million to small businesses and larger working capital solutions of up to AED 3 Million to medium-sized businesses. Business customers can take advantage of the Bank’s flexible repayment periods of up to 60 months, affordable interest rates, and quick approval processes.

In addition, the new RAKBANK branch in Al Qouz will offer a wide range of conventional personal banking services to individuals, including RAKBANK account, deposit and investment options as well as personal, auto and mortgage loans, and a suite of credit cards.

“As a market leader in customer service, RAKBANK is a firm believer in customer satisfaction and convenience,” added Honeybill. “To that end, the Bank is constantly working to widen its branch network and to introduce new, alternate channels that can facilitate the customer’s banking experience such as Online Banking, www.rakbankdirect.ae, and Mobile Banking.”

RAKBANK serves its customers through 31 branches and 105 ATMs located across the UAE, as well as 24-hour service available by Phone Banking, Online Banking, and Mobile Banking.

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About RAKBANK

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a leading retail and small business bank in the UAE, serving over 400,000 customers. Founded in 1976, the Bank is one of the country’s oldest local financial institutions and today one of its fastest growing, most dynamic banks and a major player in the personal banking and small business sectors in the UAE.

The Bank offers a wide range of personal and banking services through its 30 branches and telephone and online banking channels. It is a leading provider of credit cards and a prominent player in mortgage finance and small to medium enterprise finance.

Customer service excellence is a cornerstone of the Bank’s success, with the bank having been voted in 2010 for five years running as #1 Bank in Customer Service in the UAE Annual Bank Benchmarking Study. For more information, you can visit www.rakbank.ae or contact the Call Centre at +9714 213 0000. You can also connect to RAKBANK via twitter.com/rakbanklive and facebook.com/rakbank.