Asset quality no longer a big concern for RAKBank
(WorldNews Business)

Dubai: National Bank of Ras Al Khaimah (RAKBank), which made big strides in risk mitigation in its loan portfolios in recent years, has seen strong improvement in its asset quality matrices. A combination of rebalancing of loan portfolios and proactive risk management strategies have seen a steady decline in bad loans over the past five years. Impairments decreased by 9.9 per cent in the third quarter, year on year and for the nine-month period it was down 6.3 per cent year-on-year. Non-performing loans (NPLs) to gross loans and advances ratio...