RAKBANK Investor Presentation - Q4/12M 2021
RAKBANK Investor Presentation - Q4/12M 2021
Institutional Strength
Credit Ratings
Rating Agency
Last Update
Deposits
Outlook
Moody's
October 2021
Baa1 / P-2
Stable
Fitch Ratings
Dec 2021
BBB+ / F2
Stable
Capital Intelligence
August 2021
A- / A2
Stable
Capital Adequacy
Total Capital Adequacy Ratio (CAR) as at 31st December 2021 is at 17.0%:
Common Equity Tier 1 is at 15.9% and Tier 2 is at 1.1%.
Subsidiaries
RAKBANK
Simply Better
Ownership Structure as of 31st December 2021
Government of Ras Al Khaimah
UAE Nationals
1.7%
14.5%
31.0%
Source: ADX
Numbers may not add up due to rounding
Subsidiary
Ownership
Country
RAK Insurance
79.23%
UAE
Back Office Support Services (BOSS)
80.00%*
UAE
RAK Technology
80.00%*
UAE
RAKFUNDING CAYMAN LTD
100.00%
RAK Global Markets Cayman Limited
100.00%
Cayman Islands
GCC Nationals
Foreigners
52.8%
Purpose
Cayman Islands
Develop insurance products.
Provide back office support services.
Supply information technology support.
Enable the issuance of bonds.
Facilitate treasury transactions.
*These represent legal ownership of the Bank. However, beneficial ownership is 100% as the remaining interest is held by a related party.
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