ABK-Egypt leads Gulf banks in H1-2026 net profit growth
ABK-Egypt tops the ranking of fastest-growing Gulf banks
EGP50.43bn in net profits generated by 10 Gulf banks, up 7.6% in H1-2026
Islamic banks secure two places among the top five, out of three included in the ranking
First Bank’s ranking of the fastest-growing Gulf banks operating in the Egyptian banking market in terms of net profits during H1-2026 revealed that ABK-Egypt topped the list, recording a growth rate of 29.8 per cent.
The bank’s net profits rose to EGP3.13bn in H1-2026, compared to EGP2.41bn in the corresponding period of 2025, representing an increase of EGP717.93mn.
Abu Dhabi Islamic Bank-Egypt ranked second, recording a net profit growth rate of 21.6 per cent, as its net profits increased to EGP7.34bn in H1-2026, compared to EGP6.04bn in the corresponding period of 2025.
QNB Egypt came in third place, recording a 20.4 per cent increase in net profits, which reached EGP17.79bn in H1-2026, compared to EGP14.77bn in the corresponding period of 2025.
The ranking tracked net profit developments across 10 Gulf banks operating in the Egyptian banking market, revealing that six banks recorded positive profit growth in H1-2026, while four posted lower profits.
The combined net profits of the 10 Gulf banks reached EGP50.43bn in H1-2026, compared to EGP46.86bn in the corresponding period of 2025, representing a growth rate of 7.6 per cent.
Regarding Islamic banks, Abu Dhabi Islamic Bank-Egypt and Kuwait Finance House-Egypt secured two places among the top five, out of three Islamic banks included in the ranking, placing second and fourth, respectively.
As for listed banks, two secured places among the top five, with Abu Dhabi Islamic Bank-Egypt ranking second and QNB Egypt coming in third.
It is worth noting that all figures and growth rates mentioned in this analysis are based on the standalone financial statements announced by each bank as at end-June 2026.
| Rank | Bank name | Net profits in H1-2026 (EGP bn) | Net profits in H1-2025 (EGP bn) | Growth rate % |
|---|---|---|---|---|
| 1 |  ABK-Egypt | 3.13 | 2.41 | 29.80% |
| 2 |  Abu Dhabi Islamic Bank-Egypt | 7.34 | 6.04 | 21.57% |
| 3 |  Qatar National Bank (QNB Egypt) | 17.79 | 14.77 | 20.41% |
| 4 |  Kuwait Finance House-Egypt | 2.11 | 1.77 | 19.15% |
| 5 |  Emirates NBD-Egypt | 3.31 | 3.02 | 9.64% |
| 6 |  National Bank of Kuwait-Egypt | 4.22 | 4.13 | 2.21% |
| 7 |  Al Baraka Bank Egypt | 1.85 | 1.96 | -5.50% |
| 8 |  First Abu Dhabi Bank (FAB) | 7.9 | 8.59 | -8.05% |
| 9 |  Abu Dhabi Commercial Bank-Egypt | 2.05 | 2.95 | -30.40% |
| 10 |  Bank ABC | 0.73 | 1.22 | -40.27% |