S&P Intelligence: Largest 30 Banks in the Middle East and Africa 2026

Cairo 30 April 2026:

The latest ranking by S&P Global Market Intelligence of the 30 largest banks in the Middle East and Africa by total assets shows First Abu Dhabi Bank PJSC at the top of the list, ahead of Qatar National Bank (QNB), which ranked second.

According to the data, First Abu Dhabi Bank recorded total assets of approximately $382.2 billion as of end-2025, narrowly surpassing QNB, which posted assets of $381.6 billion, despite a 7% year-on-year growth.

The Saudi National Bank ranked third, followed by Emirates NBD Bank PJSC in fourth place, and Al Rajhi Banking & Investment Corporation in fifth, highlighting the continued dominance of Gulf banks in the region’s top tier.

Israeli banks Bank Leumi and Bank Hapoalim maintained their positions at sixth and seventh respectively, while notable movements included FIBI Holdings Ltd. climbing to 24th place, and both Mizrahi Tefahot Bank and Israel Discount Bank advancing to 11th and 14th positions.

South Africa’s Investec Group entered the ranking as the only new addition, with total assets of $81.0 billion.

On a country level, the United Arab Emirates led the region with total banking assets of around $1.191 trillion, followed by Saudi Arabia and Israel.

The ranking is based on reported total assets as of December 31, 2025, with adjustments made for mergers, acquisitions, and divestitures where applicable, and currency conversions applied using end-of-period exchange rates.