«First Bank» Ranking of the 100 Most Profitable Banks in the Middle East and North Africa
First Bank
Saudi National Bank Tops the Ranking with Net Profit of US$6.66 Billion; Al Rajhi Bank Follows Closely with US$6.62 Billion
UAE Banking Sector Represented by 17 Banks, Accounting for 27% of Total Profits
Strong Presence of 12 Egyptian Banks, Led by the National Bank of Egypt, Banque Misr, CIB, and Arab African International Bank
First Bank’s ranking of the Top 100 Most Profitable Banks in the Middle East and North Africa for 2025 revealed the continued dominance of the UAE banking sector, which was represented by 17 banks, accounting for approximately 27% of the total net profits generated by the banks included in the ranking.
Egyptian banks ranked second in terms of the number of institutions represented, securing 12 positions and accounting for approximately 9.7% of the ranking’s total profits.
The ranking also included 11 Turkish banks, which generated nearly 12% of total profits. Meanwhile, the Saudi banking sector was represented by only 10 banks, yet it captured approximately 26% of total profits, outperforming the Turkish banking sector in profitability despite having fewer banks in the ranking.
The Kuwaiti banking sector secured nine positions, accounting for approximately 6.2% of total profits, while Qatari banks, represented by eight institutions, generated approximately 8.8% of the ranking’s total profits during 2025.
Although Morocco and Jordan each had seven banks included in the ranking, Moroccan banks outperformed their Jordanian counterparts in profitability, accounting for approximately 3.3% of total profits, compared with around 2.3% for Jordanian banks.
The ranking also featured six Bahraini banks, representing approximately 1.7% of total profits. Meanwhile, Oman was represented by five banks, accounting for approximately 1.4% of total profits during 2025.
Among the countries with the smallest contribution—each accounting for less than 1% of total profits—Tunisia was represented by three banks, while Algeria and Iraq each had two banks in the ranking. Lebanon had a limited presence with one bank included.
The ranking was based on reported net profits, converted into U.S. dollars, providing a standardized basis for comparison across banking institutions. Banks that did not disclose official financial data were excluded to ensure the accuracy and reliability of the ranking methodology.
Top 10 Most Profitable Banks in the Middle East and North Africa – 2025
Saudi National Bank (SNB) ranked first, reporting net profit of US$6.66 billion during 2025.
Al Rajhi Bank secured second place, with net profit of US$6.62 billion during the same year.
Emirates NBD ranked third, posting net profit of approximately US$6.54 billion in 2025.
First Abu Dhabi Bank (FAB) came fourth, with net profit of approximately US$5.77 billion during 2025.
Qatar National Bank (QNB) ranked fifth, recording net profit of approximately US$4.75 billion in 2025.
Ziraat Bankası secured sixth place, with net profit of approximately US$4.19 billion during the year.
National Bank of Egypt (NBE) ranked seventh, reporting net profit of US$3.68 billion in 2025.
Abu Dhabi Commercial Bank (ADCB) came eighth, with net profit of approximately US$3.12 billion during the year.
Riyad Bank ranked ninth, posting net profit of approximately US$2.78 billion in 2025.
Kuwait Finance House (KFH) completed the top ten, with net profit of approximately US$2.34 billion during 2025.
It is worth noting that the ranking covers parent banking institutions across the Middle East and North Africa and does not include their foreign subsidiaries.
