Gulf banks dominate First Bank’s MENA top 100 deposit ranking at end-March 2026

Gulf banks continued to dominate First Bank’s ranking of the top 100 banks in the Middle East and North Africa (MENA) by customer deposits at end-March 2026, accounting for 56 places, unchanged from the 2025 ranking. Their combined deposits rose 3.2 per cent quarter-on-quarter to about USD 2.65 trillion from USD 2.57 trillion at end-2025.

North African banks, meanwhile, fell to 21 places in the ranking from 23 in 2025, while combined deposits declined 6 per cent quarter-on-quarter to USD 450.21 billion from USD 477.76 billion at end-2025.

The decline came as some North African markets were affected by local currency depreciation against the US dollar amid geopolitical tensions in the region during Q1 2026. This reduced the dollar value of some banks’ deposit portfolios and weighed on their positions in the ranking.

Banks from the Arab Mashreq retained 13 spots on the list, while their total deposits rose 0.9 per cent quarter-on-quarter to USD 154.5 billion at end-March 2026, from USD 153.16 billion at end-2025.

The Turkish banking sector, meanwhile, increased its representation to 10 banks from eight in the 2025 ranking, despite a 0.7 per cent quarter-on-quarter decline in total customer deposits to around USD 460 billion from USD 463 billion at end-2025.

The ranking also highlighted the concentration of banking liquidity among the largest institutions, with the top 10 banks accounting for around 45 per cent of total deposits held by the banks included in the ranking.

Deposits at the top 10 banks rose around 2 per cent quarter-on-quarter to approximately USD 1.66 trillion at end-March 2026, from USD 1.63 trillion at end-December 2025.

Among the top 10 banks in the Middle East and North Africa by customer deposits, ranking movements were limited in Q1 2026. Abu Dhabi Commercial Bank (ADCB) moved up to sixth place from seventh, while Ziraat Bankası slipped to seventh.

Saudi Awwal Bank (SAB) also entered the top 10, rising to 10th from 11th, as Dubai Islamic Bank fell to 11th from 10th.

The other seven banks retained their positions from the 2025 ranking.

At the top of the ranking, QNB maintained its position as the largest bank in the Middle East and North Africa by customer deposits, with its deposit base reaching around USD 267.25 billion at end-March 2026, up 2.2 per cent quarter-on-quarter.

First Abu Dhabi Bank FAB) retained second place, with customer deposits reaching around USD 237.09 billion, up 3.6 per cent quarter-on-quarter.

Emirates NBD maintained third place, with customer deposits rising 5.6 per cent quarter-on-quarter to USD 225.96 billion.

Al Rajhi Bank remained in fourth place, with customer deposits reaching USD 180.85 billion, up 1.7 per cent quarter-on-quarter.

Saudi National Bank (SNB) retained fifth place, with customer deposits increasing 4.6 per cent quarter-on-quarter to USD 177.31 billion.

Abu Dhabi Commercial Bank ADCB) advanced to sixth place from seventh, with its deposit portfolio rising 4.7 per cent quarter-on-quarter to USD 142.40 billion.

Ziraat Bankası fell to seventh place from sixth, as its deposits declined 3.5 per cent quarter-on-quarter to USD 136.31 billion.

National Bank of Egypt (NBE) maintained eighth place, with customer deposits reaching USD 111.37 billion at end-March 2026.

Riyad Bank retained ninth place, with its deposit portfolio reaching USD 93.94 billion, up 6.2 per cent quarter-on-quarter.

Saudi Awwal Bank (SAB) moved into the top 10, advancing to tenth place from 11th, with customer deposits reaching around USD 88.31 billion, up 2.5 per cent quarter-on-quarter.

The ranking was based on banks’ reported customer deposits at end-March 2026, converted into US dollars to provide a standardised basis for comparison across banking institutions. Banks without officially reported data were excluded to ensure the accuracy and reliability of the ranking.

The ranking covered parent banking groups across countries in the Middle East and North Africa and excluded their overseas branches.

Rank in the list	Bank Name	Country	Customer Deposits as of End-March 2026 (USD million)
1	QNB	Qatar	267,247
2	First Abu Dhabi Bank (FAB)	United Arab Emirates	237,091
3	Emirates NBD Bank	United Arab Emirates	225,958
4	Al Rajhi Bank	Saudi Arabia	180,851
5	Saudi National Bank (SNB)التج	Saudi Arabia	177,315
6	Abu Dhabi Commercial Bank (ADCB)	United Arab Emirates	142,405
7	Ziraat Bank	Türkiye	136,307
8	National Bank of Egypt (NBE)	Egypt	111,365
9	Riyad Bank	Saudi Arabia	93,943
10	Saudi Awwal Bank (SAB)	Saudi Arabia	88,306
11	Dubai Islamic Bank	United Arab Emirates	87,660
12	National Bank of Kuwait	Kuwait	84,258
13	Türkiye Halk Bankası	Türkiye	78,585
14	VakıfBank	Türkiye	77,150
15	Türkiye İş Bankası	Türkiye	75,199
16	Kuwait Finance House	Kuwait	69,822
17	Abu Dhabi Islamic Bank	United Arab Emirates	65,155
18	Alinma Bank	Saudi Arabia	63,843
19	Banque Misr	Egypt	58,015
20	Mashreq Bank	United Arab Emirates	57,216
21	Attijariwafa Bank – Morocco	Morocco	56,724
22	Arab National Bank	Saudi Arabia	55,428
23	Arab Bank	Jordan	55,163
24	Banque Saudi Fransi	Saudi Arabia	53,180
25	AKBank	Türkiye	52,153
26	Banque Populaire du Maroc	Morocco	44,946
27	Qatar Islamic Bank	Qatar	38,597
28	Bank Albilad	Saudi Arabia	37,382
29	Gulf International Bank	Bahrain	35,690
30	Bank AlJazira	Saudi Arabia	33,029
31	Saudi Investment Bank	Saudi Arabia	32,756
32	Al Rayan Bank	Qatar	31,779
33	Bank of Africa	Morocco	30,350
34	Commercial Bank of Dubai	United Arab Emirates	29,846
35	Emirates Islamic Bank	United Arab Emirates	29,756
36	Bank Muscat	Oman	27,252
37	Boubyan Bank	Kuwait	26,836
38	Bank ABC	Bahrain	26,142
39	Dukhan Bank	Qatar	24,948
40	Commercial Bank of Qatar	Qatar	23,330
41	Commercial International Bank	Egypt	22,191
42	RAKBANK	United Arab Emirates	20,229
43	Burgan Bank	Kuwait	19,862
44	Sohar International Bank	Oman	19,307
45	Sharjah Islamic Bank	United Arab Emirates	16,712
46	Gulf Bank	Kuwait	16,505
47	BLOM Bank	Lebanon	15,901
48	Doha Bank	Qatar	15,542
49	Banque Nationale d’Algérie	Algeria	15,259
50	Union Bank	Jordan	14,224
51	Ahli United Bank	Kuwait	14,200
52	Wio Bank	United Arab Emirates	14,140
53	Vakıf Katılım Bankası	Türkiye	13,854
54	Banque de Développement Local	Algeria	13,539
55	National Bank of Fujairah	United Arab Emirates	13,537
56	Arab African International Bank	Egypt	13,421
57	Bank Audi	Lebanon	12,602
58	Crédit Agricole du Maroc	Morocco	12,292
59	Qatar International Islamic Bank	Qatar	12,024
60	Ziraat Katılım Bankası	Türkiye	11,808
61	National Bank of Bahrain	Bahrain	11,327
62	BankDhofar	Oman	11,301
63	National Bank of Oman	Oman	11,080
64	Warba Bank	Kuwait	10,936
65	Kuwait International Bank	Kuwait	10,836
66	Crédit Immobilier et Hôtelier (CIH Bank)	Morocco	10,796
67	Sharjah Bank	United Arab Emirates	9,935
68	Al Ahli Bank	Qatar	9,524
69	Commercial Bank of Kuwait	Kuwait	9,493
70	Saham Bank	Morocco	9,353
71	Bank of Palestine	Palestine	9,047
72	Al Barid Bank	Morocco	8,912
73	Ahli Bank	Oman	8,847
74	Jordan Islamic Bank	Jordan	8,507
75	Housing Bank for Trade and Finance	Jordan	8,328
76	Capital Bank of Jordan	Jordan	8,196
77	Al Baraka Bank	Bahrain	8,016
78	Banque du Caire	Egypt	7,863
79	Banque Internationale Arabe de Tunisie (BIAT)	Tunisia	7,556
80	Emlak Katılım Bankası	Türkiye	7,419
81	Bahrain Kuwait Bank	Bahrain	7,389
82	Bank of Maghreb	Morocco	6,709
83	Ajman Bank	United Arab Emirates	6,556
84	Safwa Bank	Jordan	5,268
85	International Arab Islamic Bank	Jordan	5,187
86	Jordan Kuwait Bank	Jordan	5,026
87	Banque Nationale Agricole (BNA)	Tunisia	4,775
88	United Arab Bank	United Arab Emirates	4,533
89	Commercial Bank International (CBI)	United Arab Emirates	4,460
90	Umm Al Qaiwain National Bank	United Arab Emirates	4,445
91	Bank Nizwa	Oman	4,415
92	Société Tunisienne de Banque (STB)	Tunisia	4,292
93	Suez Canal Bank	Egypt	4,200
94	Al Salam Bank	Bahrain	4,077
95	Faisal Islamic Bank of Egypt	Egypt	3,965
96	Alexandria Bank	Egypt	3,687
97	Şekerbank	Türkiye	3,601
98	Cairo Amman Bank	Jordan	3,537
99	Bank of Jordan	Jordan	3,515
100	Fibabanka	Türkiye	3,479