Tuesday 2 September 2014
 
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RAKBank

Card-less ATM withdrawals with RakBank MobileCash

RakBank, a leading bank in the UAE, has introduced a digital banking solution, MobileCash, which allows customers to withdraw cash and send money to their friends, family or anyone in the UAE. Customers can send cash instantly using the

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RakBank launches $500m debut bond issue

UAE-based lender National Bank of Ras Al Khaimah (RakBank) has launched its debut $500 million, five-year debut bond after tightening he pricing, a document from lead managers said.   Tightened pricing for the bo

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Rakbank on longest ad hoarding

Rakbank has become the first organization to be featured on the longest outdoor advertisement hoarding in the UAE. The hoarding extends for half a mile (800 metres) on the Sheikh Zayed Road that connects Dubai to Abu Dhabi and occ

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RakBank eyes benchmark-sized debut bond issue

UAE-based lender National Bank of Ras Al Khaimah (RakBank) may sell a benchmark-sized debut bond issue after announcing plans to meet fixed income investors, a document from lead managers said on Monday.   The ba

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Rakbank seeks to double foreign ownership limit

Shareholders of National Bank of Ras al-Khaimah (Rakbank) will meet on May 1 to decide whether to allow foreigners to hold up to 40 per cent of its shares, the lender said in a bourse statement on Monday. The bank, which is listed

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CEO-elect of fraud-hit Rakbank quits

The proposed new chief executive of National Bank of Ras al-Khaimah (Rakbank), one of two banks which earlier this month were named as victims of a massive global bank card fraud, has quit, two sources within the bank said. Ian La

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India IT watchdog investigates ATM heist breach

The Indian government's cyber watchdog is investigating how the computer systems of two companies that are part of the country's vast IT services industry were breached in a global ATM heist that saw $45 million stolen from two banks in

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Rakbank says no money lost in cyber fraud

A Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the US and beyond. National Bank of Ras Al Khaima

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RakBank Q1 profit up 13pc, tops $100m

RakBank, also known as the National Bank of Ras Al-Khaimah, reported a net profit of Dh367.98 million ($100.16 million) for the first quarter of the year, reflecting a 13 per cent growth over the same period last year. “RakB

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Rakbank launches Titanium credit card

UAE-based National Bank of Ras Al-Khaimah (Rakbank) has launched its Titanium Business credit card as part of its efforts to deliver competitive financial solutions to small-to-medium enterprises (SMEs).   Just like the Titani

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