Up 21.3% YoY powered by diversified growth and strong momentum
Rakbank delivered AED 2.5bn of profit after tax in 9M’26, up 21.3% YoY, reflecting growth across our core businesses, a diversified income stream and disciplined execution. The results also include the AED 473mn gain on sale of the merchant acquiring business.
Balance sheet growth continued across Personal, Business and Wholesale Banking, supported by 11% YoY CASA growth to AED 48.3bn. We welcomed 12,000 SMEs and provided AED 4.2B of new financing. Personal Banking expanded its wealth proposition into digital equities and silver, while Wholesale Banking continued to scale Transaction Banking.
Strong capital and ample liquidity continue to reinforce the resilience of our balance sheet, with capital adequacy at 18.4% and ELAR at 14.5%. Asset Quality remained strong with impaired loans improving to 1.7% and Stage 3 coverage remaining among the strongest in the sector at 85.9%.
A diversified business and durable earnings continued to deliver outstanding returns, with ROE at 23.3% and ROA at 3.1%.
