RAKBANK Business - Your Business Matters

A word from our Chief Executive Officer

 

CEO

Dear Valued Customers,

It gives me great pleasure to e-connect with you through the latest edition of ‘Business Connect’, our quarterly newsletter that keeps our valued Business Banking customers updated about important economic developments and various initiatives undertaken by the Bank to meet their banking needs.

At RAKBANK, we believe our role is to ensure that strategies and tools keep evolving in such a way that they continue to support and even predict your banking needs and requirements. Our vision at RAKBANK is to create a digital ecosystem for our Business Banking customers and offer them the right solutions in the form of products, services and technological advancements that make their business banking needs simpler, better and smarter.

Thanks to our robust and diversified balance sheet, strong sales momentum, and lower cost of funds, we accelerated our growth and achieved a record net profit of AED 450M and a record total income of AED 1,073M for Q1 2023. In addition to this impressive growth, I am very pleased with the progress we are making in laying the foundation for sustainable growth.

We are continuously making efforts to embrace technology and digitalization to improve the way businesses are able to bank and access the necessary financial services. Post the successful launch of our redesigned RAKBANK Business App, we have now redesigned our Digital Banking web platform with improved user experience, regrouped our service menus for easy navigation to enhance our Business customers’ digital journey.

On the partnership front, RAKBANK entered into a strategic partnership with Meydan Free Zone by signing a Memorandum of Understanding (MoU). The objective of this partnership is to support SMEs and promote a sustainable economy, which aligns with the goals of both organizations. Through this partnership, Meydan clients can avail business banking solutions from RAKBANK hassle-free.

As a part of creating digital ecosystem to support start-ups and SMEs, and with the objective to upkeep our SME clients beyond banking offering, we hosted our quarterly learning webinar in collaboration with Tally Solutions and Gravitas to give insights and brief about “why digital is the way forward for SME business”. The event was well received by over 300 business clients.

RAKBANK was recently awarded with the prestigious title of 'Best Innovation in Corporate Banking and Digital SME Finance’ for RAKBANK Quick Apply Digital loans! This recognition highlights our commitment to delivering innovative and user-friendly solutions to our amazing clients.

At RAKBANK, our aim is to assist your business reach its full potential through the right financing solutions and services that we have made readily available to you. Please take the time to read our newsletter and we hope that you find the information we share useful. If you have any suggestions about how we can further enhance your banking experience with RAKBANK, please write to us on businessbanking@rakbank.ae.

Kind Regards,
Raheel Ahmed

Contact Us

Please visit our Branch Locator for more information on our operating times or visit our website rakbank.ae/business

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