First Bank’s top 100 MENA banks by deposits at end-June 2026

Seven ranking changes reshape MENA’s top 10 banks by deposits, QNB retains the lead with USD 267 bn in deposits

Emirates NBD overtakes FAB, recording the fastest deposit growth among the top 10 at 13.5 per cent

Saudi National Bank surpasses Al Rajhi Bank, while ADCB moves ahead of Ziraat Bankası

SAB enters the top 10 at the expense of Dubai Islamic Bank

First Bank’s ranking of the top 100 banks in the Middle East and North Africa (MENA) by customer deposits at end-June 2026 revealed significant shifts in the competitive landscape among the region’s top 10 banks.

Seven positions changed compared with end-2025, while only three banks maintained their rankings.

The comparison showed that six banks exchanged positions within the top 10, alongside the entry of one new bank and the exit of another, reflecting varying rates of customer deposit growth among the region’s largest banking institutions.

Qatar National Bank (QNB) retained its position as the largest bank in the MENA region by customer deposits, as its portfolio increased by approximately 2.2 per cent during H1 2026 to reach USD 267.02 bn at end-June, compared with USD 261.40 bn at end-2025.

Despite retaining the top spot, competition at the summit intensified, as Emirates NBD narrowed the gap with QNB to USD 24.13 bn at end-June 2026, compared with USD 47.39 bn at end-2025.

Emirates NBD secured second place, up from third at end-2025, overtaking First Abu Dhabi Bank (FAB), which dropped one position to third.

Emirates NBD recorded the fastest deposit growth among the top 10 banks, with an increase of approximately 13.5 per cent during H1 2026. Its deposit portfolio reached USD 242.89 bn at end-June, compared with USD 214.01 bn at end-2025.

Meanwhile, FAB’s deposits increased by only approximately 1.5 per cent over the same period, reaching USD 232.25 bn at end-June 2026, compared with USD 228.92 bn at end-2025.

The comparison between the two banks highlights a clear shift in their competitive positions. FAB had led Emirates NBD by USD 14.91 bn at end-2025, but Emirates NBD moved ahead by USD 10.65 bn at end-June 2026.

Changes extended beyond the top three, with a similar shift in the positions of Saudi Arabia’s two largest banks. Saudi National Bank (SNB) advanced to fourth place regionally at end-June, up from fifth at end-2025, overtaking Al Rajhi Bank, which fell one position to fifth.

SNB’s advance was supported by deposit growth of approximately 9.6 per cent during H1 2026, taking its portfolio to USD 185.82 bn at end-June, compared with USD 169.59 bn at end-2025. Al Rajhi Bank’s deposits increased by approximately 3 per cent to USD 183.21 bn, compared with USD 177.91 bn over the same period.

The shifts extended to sixth and seventh place, as Abu Dhabi Commercial Bank (ADCB) advanced to sixth, up from seventh at end-2025, overtaking Türkiye’s Ziraat Bankası, which moved down one position to seventh.

ADCB’s deposits increased by approximately 5.4 per cent during H1 2026, reaching USD 143.39 bn at end-June, compared with USD 136.07 bn at end-2025.

In contrast, Ziraat Bankası’s deposits declined by approximately 0.43 per cent during the first half of the year to around USD 140.59 bn at end-June 2026, compared with approximately USD 141.20 bn at end-2025.

Meanwhile, the National Bank of Egypt (NBE) maintained eighth place regionally, with its customer deposit portfolio reaching approximately USD 128.12 bn at end-June 2026.

Riyad Bank also retained ninth place, as its deposits increased by approximately 4.8 per cent during H1 2026 to USD 92.69 bn at end-June, compared with USD 88.44 bn at end-2025.

The most notable change in the composition of the top 10 was the entry of Saudi Awwal Bank (SAB), which secured tenth place at end-June 2026, advancing from 11th at end-2025. This came at the expense of Dubai Islamic Bank, which dropped one position to 11th.

SAB’s advance followed deposit growth of approximately 5.7 per cent during H1 2026, taking its portfolio to USD 91.07 bn at end-June, compared with USD 86.19 bn at end-2025. Dubai Islamic Bank’s deposits increased by approximately 2.1 per cent to USD 89.03 bn, compared with USD 87.18 bn over the same period.

Geographically, Saudi banks strengthened their presence among the top 10, securing four positions, compared with three for UAE banks. Together, the two countries accounted for seven of the 10 positions, while the remaining three were held by one bank each from Qatar, Egypt and Türkiye.

It is worth noting that the ranking is based on banks’ reported customer deposits at end-June 2026, converted into US dollars to provide a uniform basis for comparison across different banking institutions. Deposit data for some banks were estimated based on historical trends and future projections, as actual reported data for the ranking period were unavailable.

The ranking covers parent banking groups across the Middle East and North Africa and excludes their overseas branches.