HDB, Suez Canal Bank and KFH-Egypt post record growth in credit card balances in H1 2026

The first-half 2026 results showed strong growth in credit card balances at several Egyptian banks, with their credit card teams driving their banks to the top of FirstBank’s ranking of the fastest-growing banks by credit card balances in H1 2026.

Housing and Development Bank topped the ranking, with its credit card balances rising 44.9 per cent half-on-half to EGP 1.11 billion at end-June 2026, compared with EGP 765.35 million at end-2025.

Suez Canal Bank ranked second, with its credit card balances increasing 38.4 per cent half-on-half to EGP 280.56 million at end-June 2026, compared with EGP 202.67 million at end-2025.

Kuwait Finance House Bank – Egypt (KFH-Egypt) ranked third, with its credit card balances rising 31.7 per cent in H1 2026 to EGP 370.48 million at end-June, compared with EGP 281.20 million at end-2025.

FirstBank’s ranking tracked credit card balances at 25 banks operating in the Egyptian banking sector for which financial data was available. The results showed that 24 banks recorded positive growth, while one bank posted a notable decline during H1 2026.

Total credit card balances at the 25 banks reached EGP 57.67 billion at end-June 2026, compared with EGP 51.79 billion at end-2025, representing half-on-half growth of 11.3 per cent.

Among the top 10, the comparison between the June 2026 and 2025 rankings showed significant changes in the positions. Seven banks remained among the top 10 in both rankings, despite changes in their respective positions, while new banks entered the list and others dropped out.

Housing and Development Bank retained the top spot among the fastest-growing banks by credit card balances, while Suez Canal Bank moved up one place to second. KFH-Egypt jumped five places from eighth at end-2025 to third at end-June 2026.

In contrast, BANK NXT fell from second to fourth, while the Egyptian Export Development Bank climbed nine places from 14th at end-2025 to fifth at end-June 2026. Emirates NBD Egypt also moved up one place to sixth.

The Agricultural Bank of Egypt ranked seventh, having not been included in the 2025 ranking because credit card balance data was not available at the time. Egyptian Gulf Bank (EG BANK) fell three places to eighth.

CIB recorded a notable improvement in its position, climbing from 22nd at end-2025 to ninth at end-June 2026. Al Baraka Bank Egypt, meanwhile, fell six places from fourth to 10th.

Among Islamic banks, two of the four banks included in the H1 2026 ranking secured positions in the top 10: KFH-Egypt ranked third and Al Baraka Bank Egypt ranked 10th, while the other two banks ranked outside the top 10.

All values and growth rates cited in the analysis are based on the separate financial statements disclosed by each bank for the period ended June 2026.

Rank	Bank name	Credit Card Balances at June 2026 (EGP Bn)	Credit Card Balances at End-2025 (EGP Bn)	Growth Rate
1	Housing and Development Bank	1.11	0.77	44.95%
2	Suez Canal Bank	0.28	0.20	38.43%
3	Kuwait Finance House – Egypt	0.37	0.28	31.75%
4	BANK NXT	1.32	1.03	28.33%
5	Export Development Bank of Egypt (EBank)	0.52	0.41	25.17%
6	Emirates NBD Egypt	2.52	2.05	22.69%
7	Agricultural Bank of Egypt	0.07	0.06	18.58%
8	EGBANK	0.50	0.44	14.06%
9	Commercial International Bank (CIB)	20.74	18.23	13.76%
10	Al Baraka Bank Egypt	0.53	0.47	13.63%
11	Banque du Caire	4.98	4.43	12.54%
12	First Abu Dhabi Bank Egypt-FAB	2.06	1.84	12.45%
13	QNB Egypt	3.71	3.31	12.02%
14	The United Bank	0.18	0.16	12.00%
15	Credit Agricole Egypt	2.14	1.92	11.13%
16	Abu Dhabi Commercial Bank – Egypt	0.81	0.73	10.04%
17	Bank of Alexandria	1.74	1.59	9.00%
18	Al Ahli Bank of Kuwait – Egypt	1.38	1.27	8.65%
19	Bank ABC Egypt	0.60	0.55	8.08%
20	Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt)	2.03	1.90	6.50%
21	saib	0.87	0.82	6.47%
22	National Bank of Kuwait – Egypt	1.25	1.19	4.83%
23	Attijariwafa bank Egypt	0.75	0.73	2.76%
24	Arab African International Bank	1.69	1.66	1.71%
25	HSBC Bank Egypt	5.53	5.74	-3.67%