Campaign details
Brand: RAKBANKAgency: RAKBANKRegion: EMEA
Strategy
Objective
With around 45 banks, UAE is an over-banked and extremely competitive market for banks & financial services. RAKBANK was a late entrant to an already cluttered market dominated by the likes of big names Emirates NBD, ADCB & Mashreq bank.
Though RAKBANK's awareness was high, it has an image & quality perception issue which is reflected in its low brand preference numbers (Source: YouGov Index). With such fierce competition, most of the banks were chasing short-term goals (sales/acquisitions) and were not interested in long-term brand building. With...