United Arab Emirates · Financial institution
National Bank of Ras Al-Khaimah,the
Legal name in the LEI recordNational Bank of Ras Al Khaimah P.S.C
The National Bank of Ras Al Khaimah (P.S.C.), trading as RAKBANK, is a public joint stock company headquartered in the emirate of Ras Al Khaimah, United Arab Emirates. It was founded in 1976 and its shares are listed on the Abu Dhabi Securities Exchange (ADX). According to Forbes Middle East, the Government of Ras Al Khaimah held 49.35% as of February 2026. The bank provides personal, business, wholesale and Islamic banking in the UAE, with Sharia-compliant services offered through its unit Rakbank Islamic. It sold its merchant acquiring business to Network International and booked a gain of AED 473 million in the first quarter of 2026.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- NRAKAEAKXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under NRAKAEAK directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1997-03-01
- Last updated
- 2023-07-22
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Publicly listed
Ticker RAKBANK
Institution type
Commercial bank
Trades as RAKBANK
- Ownership
- The Government of Ras Al Khaimah held 49.35% as of February 2026, and the remaining shares trade on the Abu Dhabi Securities Exchange.
- Direct parent
- Government of Ras Al Khaimah, United Arab Emirates 49.35%
- Stock listing
- Abu Dhabi Securities Exchange (ADX) RAKBANK
- Head office
- RAKBANK Building, Sheikh Mohammed Bin Zayed Road, Al Rifa Area, Exit No. 129, Ras Al Khaimah, United Arab Emirates
- Name in the local language
- بنك رأس الخيمة الوطني
Business lines
The bank serves customers through its Personal Banking, Business Banking and Wholesale Banking groups. It describes itself as the UAE's "go-to SME bank".
Online
- Websites & references
- rakbank.ae ↗
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · TikTok ↗
Sources · 13 pages consulted
- rakbank.ae/
- rakbank.ae/en/about-us/who-we-are/aboutus/rakbank-profile
- rakbank.ae/en/about-us/who-we-are/aboutus/message-from-the-ceo
- rakbank.ae/wps/portal/header/treasury/nostro-accounts
- zawya.com/en/press-release/government-news/record-profits-driven-by-resilience-sustainable-growth-a
- zawya.com/en/press-release/companies-news/rakbanks-q12026-financial-results-unveiled-347639
- gulfnews.com/business/banking/rakbank-h1-2026-profit-rises-25-to-dh17-billion-deposits-climb-23-1.5006
- agbi.com/banking-finance/2026/07/rakbank-profits-rise-by-a-quarter-on-higher-operating-income/
- forbesmiddleeast.com/lists/100-most-valuable-companies-2026/national-bank-of-ras-al-khaimah-rakbank/
- fabsresearch.bankfab.com/ResearchPortal/Download/Index/1435
- enterpriseam.com/uae/2024/03/19/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman/
- zawya.com/en/press-release/rakbank-announces-new-chief-executive-officer-n2kw9sw0
- en.wikipedia.org/wiki/RAKBANK
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Raheel Ahmed
Group Chief Executive Officer
- Chair
- Mohamed Omran Alshamsi Chairman (Independent, Non-executive)
- Executive
- Shaikha Amneh Saud Al Qasimi Vice Chairman (Independent, Non-executive)
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United Arab Emirates
- Central Bank of the UAE Central bankPrudential supervisorAML supervisorConduct
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
The bank completed the sale of its merchant acquiring business to Network International and recorded a gain of AED 473 million.
fabsresearch.bankfab.com ↗ -
Leadership
The board elected Mohamed Omran Alshamsi as chairman and Shaikha Amneh AlQasimi as vice chairman.
enterpriseam.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- NRAKAEAKXXX
- How the BIC breaks down
- NRAKBank
- AECountry · United Arab Emirates
- AKLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900CDNPJRAT391Y16
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- United Arab Emirates · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- SHEIKH MOHAMMED BIN ZAYED RD RAS AL KHAIMAH 5300 UNITED ARAB EMIRATES
- Operational address
- NBRAK BUILDING SHEIKH MOHAMMED BIN ZAYED ROAD AL RIFA AREA, EXIT NO. 129 RAS AL KHAIMAH RAS AL KHAIMAH POB 5300 UNITED ARAB EMIRATES
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>NRAKAEAKXXX</BICFI>
<LEI>254900CDNPJRAT391Y16</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>NRAKAEAKXXX</BICFI>
<LEI>254900CDNPJRAT391Y16</LEI>
<Nm>NATIONAL BANK OF RAS AL-KHAIMAH,THE</Nm>
<PstlAdr>
<TwnNm>RAS AL KHAIMAH</TwnNm>
<Ctry>AE</Ctry>
<AdrLine>SHEIKH MOHAMMED BIN ZAYED RD RAS AL KHAIMAH 5300</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Correspondent banking
The bank publishes 10 accounts at other banks, across 2 regions.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
10 accounts at other banks, in 3 currencies, for cover for inbound payments, as the bank publishes them: rakbank.ae ↗
| Currency | Correspondent | BIC | Account | Directory check |
|---|---|---|---|---|
| USD | Standard Chartered Bank, New York, USA United States | SCBLUS33 | — | Matches the Swift directory |
| USD | Citi Bank, New York, USA United States | CITIUS33 | — | Directory name differs CITIBANK N.A. |
| USD | JPMorgan Chase Bank, N.A. United States | CHASUS33 | — | Matches the Swift directory |
| USD | Mashreq Bank, New York, USA United States | MSHQUS33 | — | Matches the Swift directory |
| GBP | Lloyds TSB Bank PLC, London, United Kingdom United Kingdom | LOYDGB2L | — | Matches the Swift directory |
| GBP | Barclays Bank PLC, London, United Kingdom United Kingdom | BARCGB22 | — | Matches the Swift directory |
| EUR | Deutsche Bank AG, Frankfurt Germany | DEUTDEFF | — | Matches the Swift directory |
| EUR | ING Belgium NV/SA, Brussels Belgium | BBRUBEBB010 | — | Matches the Swift directory |
| EUR | Barclays Bank Ireland PLC, Frankfurt, Germany Germany | BARCDEFF | — | Matches the Swift directory |
| — | Bank of Montreal, Canada Canada | BOFMCAT2 | — | Matches the Swift directory |
The bank's page of routing instructions for inbound remittances lists a cover bank for each currency. No account numbers are given. The page could not be fetched directly, so the rows come from the search-index copy of the page and may be incomplete. The currencies for USD, GBP and EUR are inferred from the correspondents' locations and match a third-party summary. The currency of the Bank of Montreal row was not visible and is left empty. The source is undated. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Raheel Ahmed: rakbank.ae (official website) · original.
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