First indicator: National Bank of Egypt strengthens its position among North Africa’s banking giants

EGP 1.4 tn increase in National Bank of Egypt’s assets during the first eight months of 2026

National Bank of Egypt’s asset base exceeds those of Banque Misr and Morocco’s Attijariwafa Bank individually, according to the latest available data

EGP 6.4 tn in deposits and EGP 5.8 tn in loans underpin National Bank of Egypt’s banking strength

The latest disclosed financial data for National Bank of Egypt (NBE) reveal its significant weight in North Africa’s banking landscape, with total assets reaching approximately EGP 10.6 tn at end-August 2026, equivalent to around USD 207.97 bn.

This performance reinforces the bank’s position among the region’s largest financial institutions, highlighting its growing competitive strength against prominent Egyptian and Moroccan banking giants.

The bank’s expansion is further reflected in its balance sheet, which increased by approximately EGP 1.4 tn during the first eight months of 2026, compared to EGP 9.2 tn at end-2025.

National Bank of Egypt strengthens its position among North Africa’s banking giants

A comparison with leading banking institutions in North Africa highlights NBE’s considerable scale, particularly when examining the latest financial results disclosed by Banque Misr and Morocco’s Attijariwafa Bank Group.

Banque Misr’s assets reached approximately EGP 4.29 tn at end-June 2026, while Attijariwafa Bank Group recorded consolidated assets of MAD 825.3 bn during the same period.

After converting the figures into a common currency based on exchange rates applicable to the respective reporting dates, NBE’s asset base exceeds that of each institution individually.

This scale advantage is particularly significant given Banque Misr’s position as one of Egypt’s largest banking institutions, while Attijariwafa Bank maintains an extensive presence across Morocco and several African markets.

What underpins National Bank of Egypt’s regional strength?

NBE’s strength extends beyond its substantial asset base, encompassing the scale of its customer deposits and the size of its lending activities, which support its expanding banking operations.

Customer deposits increased to approximately EGP 6.4 tn at end-August 2026, compared to EGP 5.7 tn at end-2025, reflecting continued growth in the bank’s funding base.

Meanwhile, loans to customers and banks reached approximately EGP 5.8 tn, up from EGP 4.8 tn at end-2025, highlighting the expansion of its lending portfolio.

This simultaneous growth in deposits and loans indicates that the expansion of NBE’s balance sheet is accompanied by broader funding resources and increased lending activity.

Overall, the latest available financial data highlight NBE’s strong financial position and substantial scale, giving it a clear asset-size advantage over the regional competitors included in this comparison.

However, determining its definitive regional ranking remains dependent on the availability of comparable financial data covering the same reporting dates and accounting bases across all banks.