First Bank ranks North Africa’s 10 largest banks at end-June 2026

National Bank of Egypt maintains its lead among North Africa’s top 10 banks

Egypt leads representation with five banks

CIB records the fastest growth, with a portfolio exceeding USD34bn

Five banks retain their positions from end-2025

First Bank’s ranking of North Africa’s 10 largest banks by total assets at end-June 2026 showed that Egyptian and Moroccan institutions accounted for nine of the 10 positions.

Egypt led with five banks holding combined assets of USD 372.73bn, representing approximately 60.3 per cent of the ranking’s total assets.

Meanwhile, Moroccan banks secured four places, with combined assets of USD220.40bn, representing approximately 35.6 per cent of the total assets of North Africa’s top 10 banks. The Algerian banking sector accounted for just one place.

National Bank of Egypt (NBE) maintained its lead among North Africa’s top 10 banks, with its assets increasing by approximately 8.1 per cent on a half-year basis to reach USD208.48bn at the end of June 2026, compared to USD192.87bn at the end of 2025.

NBE alone accounted for approximately 33.7 per cent of the top 10 banks’ total assets, maintaining a substantial lead over its nearest competitor.

The second position witnessed a notable change, as Morocco’s Attijariwafa bank advanced one place to secure the runner-up position at the end of June 2026, compared to third place at the end of 2025.

The Moroccan bank’s rise came as its assets increased by approximately 0.8 per cent during H1 2026, reaching USD87.94bn at the end of June, compared to USD87.23bn at the end of 2025.

Meanwhile, Banque Misr slipped to third place, compared to second place at the end of 2025, as its assets declined by approximately 0.9 per cent on a half-year basis to reach USD87.34bn at the end of June 2026, compared to USD88.16bn at the end of 2025.

The exchange of positions between the two banks reflects intensifying competition for the runner-up position, particularly as the gap between them stood at just USD602.30mn at the end of June 2026.

Morocco’s Banque Centrale Populaire (BCP) maintained fourth place, despite a 0.7 per cent decline in its assets during H1 2026, reaching USD62.18bn at the end of June, compared to USD62.64bn at the end of 2025.

Bank of Africa (BOA) retained fifth place, as its assets increased by approximately 6.3 per cent during the period under review, reaching USD51.03bn at the end of June 2026, compared to USD47.99bn at the end of 2025.

Regarding positions six to 10, Commercial International Bank - Egypt (CIB) maintained sixth place, after recording the fastest asset growth among the 10 banks during H1 2026.

The bank’s assets jumped by approximately 13.7 per cent to reach USD34.24bn at the end of June 2026, compared to USD30.11bn at the end of 2025.

Meanwhile, Algeria’s Crédit Populaire d’Algérie (CPA) retained seventh place, as its assets increased by approximately 2.6 per cent during H1 2026 to reach USD25.48bn at the end of June, compared to USD24.82bn at the end of 2025.

In contrast, QNB Egypt advanced to eighth place at the end of June 2026, compared to 10th place at the end of 2025, supported by recording the second-fastest asset growth rate among the top 10 banks.

The bank’s assets jumped by approximately 12.6 per cent on a half-year basis to reach around USD21.62bn, compared to USD19.19bn at the end of 2025.

Meanwhile, the Arab African International Bank (AAIB) slipped one place to ninth, despite recording a 5.2 per cent increase in its assets during the period under review, reaching USD21.05bn at the end of June 2026, compared to USD20.01bn at the end of 2025.

Crédit Agricole du Maroc also dropped one place to 10th, as its assets edged down by approximately 0.1 per cent to reach USD19.25bn at the end of June 2026, compared to USD19.27bn at the end of December 2025.

Overall, a comparison between the banks’ rankings at the end of June 2026 and the end of 2025 revealed relative stability across the top 10, with five banks maintaining their positions unchanged.

Meanwhile, the movements were limited to changes in the rankings of some banks, with no institutions entering or leaving the list.

It is worth noting that the ranking is based on banks’ reported asset values as of the end of June 2026, converted into US dollars, providing a standardised basis for comparison among different banking institutions.

It should also be noted that asset figures for some banks were estimated based on historical data trends and future projections, due to the unavailability of officially reported actual figures for the ranking period.