National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) Credit Losses Provision : د.إ0 Mil (As of Dec. 2023)

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What is National Bank of Ras Al-Khaimah PSC Credit Losses Provision?

National Bank of Ras Al-Khaimah PSC's credit losses provision for the three months ended in Dec. 2023 was د.إ0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ0 Mil.

National Bank of Ras Al-Khaimah PSC Credit Losses Provision Historical Data

The historical data trend for National Bank of Ras Al-Khaimah PSC's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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National Bank of Ras Al-Khaimah PSC Credit Losses Provision Chart

National Bank of Ras Al-Khaimah PSC Annual Data

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Credit Losses Provision

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National Bank of Ras Al-Khaimah PSC Quarterly Data
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National Bank of Ras Al-Khaimah PSC Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ0 Mil.

National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) » Definitions » Credit Losses Provision

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Address

Exit No. 129, Sheikh Mohammed Bin Zayed Road, P.O. Box 5300, Al Rifa Area, The National Bank of Ras Al Khaimah Building, Ras Al-Khaimah, ARE

Website

https://rakbank.ae

National Bank of Ras Al-Khaimah PSC is engaged in providing retail and commercial banking services in the UAE. The bank has operating segments namely Personal Banking, Wholesale Banking, Business Banking, Treasury and Insurance. It generates maximum revenue from the Retail banking segment. The company offers current, savings, call, and fixed deposit accounts, debit cards, credit cards, personal loans, and home loans among other services.

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