QNB Egypt strengthens lead as largest private-sector bank by corporate deposits

Translated & Edited by Aya Elsayed

QNB Egypt strengthened its financial position in H1 2026, with total assets rising 16 per cent to EGP 1.06 trillion at end-June from EGP 915.56 billion at end-2025, an increase of more than EGP 146 billion in just six months.

The significance of this growth lies not only in its scale, but also in the sources behind it. A closer look at the balance sheet shows that corporate deposits played a major role in the bank’s expansion during the first half of the year.

Corporate deposits were the main driver of this growth, accounting for about 58 per cent of the total increase in assets during H1 2026. This means that more than half of the expansion in QNB Egypt’s balance sheet was linked to new inflows from corporates.

The bank’s corporate deposit portfolio rose by about EGP 84.93 billion to EGP 576.63 billion at end-June 2026 from EGP 491.70 billion at end-2025, representing growth of 17.3 per cent in the first six months of the year.

This strengthened QNB Egypt’s position as the largest private-sector bank in Egypt by corporate deposits, reflecting its strong presence in the corporate segment and its ability to attract a broad base of large customers, while supporting further expansion across its banking activities.

Corporate deposits were therefore central to QNB Egypt’s growth in H1 2026, accounting for the largest share of the increase in total assets.

Their faster growth relative to assets also strengthened their role as a key source of funding, supporting the bank’s continued business expansion.