Rakbank Named UAE's Best SME Bank by Euromoney for the Second Consecutive Year

General

27/06/2026
Recognition reinforces Rakbank&rsquo;s position as a leading banking partner for UAE businesses, building on 50 years of experience supporting customers to start, grow and succeed.&nbsp;
Dubai, UAE, July 27th, 2026 &ndash; Rakbank has been named Best SME Bank in the UAE at the Euromoney Awards 2026, securing the prestigious recognition for the second consecutive year.&nbsp;
The award reflects Rakbank&rsquo;s commitment to helping businesses grow and succeed through deep SME expertise, broad financial capabilities, digital convenience and dedicated relationship support.&nbsp;
For 50 years, Rakbank has been a trusted banking partner to businesses across the UAE, supporting more than 250,000 businesses. Today, the Bank continues to build on that legacy by evolving its products, digital capabilities and relationship model around the changing needs of business customers.&nbsp;
In 2025, Rakbank continued to strengthen its SME proposition through enhanced digital onboarding, expanded lending solutions, payment capabilities and specialized business banking services tailored to the needs of entrepreneurs and growing enterprises.&nbsp;
During the year, the Bank onboarded more than 22,000 business customers and disbursed AED 4.7 billion in SME financing, demonstrating the scale of its continued engagement with businesses across the UAE.&nbsp;
Rakbank works alongside businesses as they progress from establishment to expansion, providing the financial solutions and banking capabilities required at each stage of their development. From establishing core banking relationships and managing day-to-day financial operations to accessing working capital, facilitating trade and financing expansion, the Bank enables customers to operate effectively and pursue opportunities for sustainable growth.&nbsp;
Commenting on the award, Vishal Shah, Managing Director, Business Banking Group at Rakbank, said:&nbsp;
"SMEs are a vital part of the UAE economy, driving growth, innovation and economic diversification across the country. Their ambitions and resilience continue to shape the UAE&rsquo;s business landscape, and we are proud to play a role in enabling their progress.&nbsp;
Being named UAE's Best SME Bank for the second year in a row is a strong recognition of the trust our customers place in us. For us, business banking is about understanding where our customers want to go and ensuring they have the right financial solutions, digital capabilities and expertise to get there.&nbsp;
As we celebrate this recognition, our focus remains on staying close to our customers, responding to their evolving needs, enabling them to pursue new opportunities and delivering banking that combines digital innovation with a human touch.&rdquo;&nbsp;
This latest recognition from Euromoney marks another milestone in Rakbank&rsquo;s five-decade-long partnership with businesses across the UAE. As customer needs continue to evolve, the Bank remains committed to strengthening financial solutions, digital capabilities and specialist expertise that help businesses pursue new opportunities and achieve sustainable growth.&nbsp;