Business

RAKBANK has had its credit ratings reaffirmed by Moody’s Ratings, with the agency maintaining a Positive outlook following its latest periodic review conducted on March 18, 2026.

The bank’s Baa1 long-term deposit rating and baa3 Baseline Credit Assessment (BCA) were affirmed, reflecting its continued strong financial performance, disciplined execution, and resilience across core business segments.

Strong Financial Performance and Stability

The reaffirmation highlights RAKBANK’s sustained progress in strengthening its financial profile over the past year. The bank has maintained solid asset quality while achieving diversified growth across its retail, business, and wholesale banking divisions.

Moody’s decision to retain a Positive outlook is supported by the bank’s improving earnings quality, stable funding base, and robust capital position. These factors, combined with a balanced business model and consistent strategic execution, position the bank for continued growth.

Well-Positioned for Future Growth

RAKBANK continues to demonstrate strong liquidity and prudent risk management, enabling it to navigate evolving market conditions while maintaining operational stability.

Jaffer Nini, Group Chief Financial Officer of RAKBANK, said the bank’s strong balance sheet and high capital and liquidity levels reinforce its ability to support customers and invest in future growth.

He added that the bank remains focused on delivering its strategy of becoming a digital-first institution while maintaining a human-centric approach to customer service.

With a stable outlook and solid fundamentals, RAKBANK is well-positioned to build on its current momentum and sustain long-term growth within the UAE banking sector.

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