First Bank's list of the top 100 banks by deposits in the Middle East and North Africa

UAE Banking Sector Leads with 17 Banks; Egypt Ranks Second with 11

Saudi Banks Continue to Strengthen Regional Presence with 10 Spots

Balanced Representation: Kuwait, Jordan, and Turkey Secure 9 Seats Each

Strong Showing for Morocco’s Banking Sector with 8 Rankings

Qatar and Bahrain Each Hold 6 Spots, While Oman Secures 5

4 Tunisian Banks Featured; Limited Representation for Algeria and Lebanon with Two Each

Palestine and Iraq Join the List with One Bank Each

The First Bank list of the top 100 banks in the Middle East and North Africa region by volume of deposits as of the end of September 2025 revealed that the UAE banking sector leads the scene with 17 banks in the list, benefiting from a developed regulatory environment and a wide regional and international presence.

Egyptian banks came in second place with a representation of 11 banks, supported by the breadth of the local market and the continued growth of the deposit base. Saudi banks also strengthened their regional presence by including 10 banks in the ranking.

In the same context, the list showed a close representation for each of Kuwait, Jordan, and Turkey with 9 banks for each country, reflecting a degree of stability in their banking sectors despite the different nature of the markets and economic structures between them.

The Moroccan banking sector also maintained its strong presence with 8 banks in the ranking, while both Qatar and Bahrain recorded a presence of 6 banks each in the list.

On the other hand, the Sultanate of Oman was represented by 5 banks, while Tunisian banks secured 4 positions in the ranking, and the representation of Algeria and Lebanon was limited to two banks each.

While the presence of Palestine and Iraq was limited to one bank for each country, which reflects the disparity in market sizes and operational conditions between the countries of the region.

The ranking was based on ordering banks according to the volume of customer deposits announced and denominated in US dollars, providing a unified comparison tool between the various banking institutions. The ranking also excluded banks for which official data is not available, to ensure the accuracy of the results and the reliability of the adopted methodology.

Regarding the ranking of the top 10 banks in the list, Qatar National Bank occupied the first place with a deposit volume of about 264.09 billion dollars at the end of September 2025.

First Abu Dhabi Bank (FAB UAE) came in second place, after recording customer deposits of about 230.94 billion dollars at the end of September 2025.

Emirates NBD came in third place, with a deposit volume of 207.01 billion dollars at the end of September 2025.

Al Rajhi Bank took fourth place, with a deposit volume of 178.71 billion dollars at the end of September 2025.

The Saudi National Bank (SNB) captured fifth place, with a deposit portfolio of 170.52 billion dollars as of September 2025.

Abu Dhabi Commercial Bank (ADCB) dominated the sixth place, with a deposit volume of 131.34 billion dollars at the end of September 2025.

Ziraat Bank occupied the seventh place, after recording a deposit volume of about 119.11 billion dollars at the end of September 2025, followed by the National Bank of Egypt in the eighth place with a deposit portfolio of 117.63 billion dollars at the end of the same period.

Riyad Bank obtained the ninth place, after the customer deposit portfolio reached about 86.66 billion dollars at the end of September 2025, followed by the Saudi Awwal Bank (SAB) in the tenth place with a deposit volume of 84.01 billion dollars at the end of the same period.

It should be noted that the ranking included the parent banking groups in various Middle Eastern and North African countries and did not include their foreign subsidiaries.