UAE Equity Research - National Bank of Ras Al Khaimah (RAKBANK) 2Q26 - First Look Note
Advances rose 19.4% YOY and 4.9% Q0Q to AED 58.1 Bn in 2Q26, driven by wholesale and retail loan growth, partly offset by lower business loans QOQ. Deposits rose 23.0% YOY & 1.1% QOQ to AED 75.1 Bn, driven by time deposit growth, partly offset by lower CASA deposits.