The National Bank of Ras Al-Khaimah, known as RAK Bank and based in the United Arab Emirates, is to launch its fifth branch in Abu Dhabi, which will include the opening of an adjacent wealth management centre.

The bank's new office will be based in the Al Jazirah Football Club Stadium, a choice intended to increase the bank's visibility in the capital, RAK Bank said in a statement.

The new RAK Bank wealth management centre, located next door to the new branch, aims to cater to the bank's growing base of wealthy clients in Abu Dhabi. The centre will offer customers such facilities as certified relationship managers to address their banking and investment needs.

RAK Bank, founded in 1976, currently has 30 branches across the UAE.