Largest banks in the Middle East and Africa in 2024

TAB Global 1000 2024 is an evaluation of the 1000 largest banks in the world for the financial year (FY) 2023, with a March 2024 cutoff. In this year's ranking, it features 70 banks from 11 Middle Eastern countries and 29 banks from nine African nations, which collectively held $5.3 trillion in total assets, $3 trillion in net loans, $3.7 trillion in customer deposits, and generated a total net profit of $90 billion.

The top 10 largest banks in the Middle East and Africa include three from the United Arab Emirates (UAE), two from Saudi Arabia, two from Israel, and one each from Egypt, Qatar, and South Africa. Qatar National Bank, First Abu Dhabi Bank, and Saudi National Bank remain the three largest banks in the region. The only change among the top 10 is that Emirates NBD Bank and Al Rajhi Bank have swapped positions.

Largest Bank Rank 2024 Largest Bank Rank 2023 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Qatar National Bank Qatar 338,136 4,302 14.8 1.3 20.6 19.8
2 2 First Abu Dhabi Bank UAE 318,151 4,495 14.1 1.4 25.9 17.4
3 3 Saudi National Bank Saudi Arabia 276,570 5,360 11.8 2 30 20.1
4 5 Emirates NBD UAE 234,883 5,859 21.5 2.7 27.2 17.6
5 4 Al Rajhi Bank Saudi Arabia 215,504 4,431 16.3 2.1 27.2 21.5
6 6 Bank Leumi Israel 203,120 1,909 13.6 1 32 14.7
7 7 Bank Hapoalim Israel 190,634 1,999 14.9 1.1 36.8 15.1
8 8 National Bank of Egypt Egypt 169,236 2,305 28 1.5 26.2 15.8
9 9 Standard Bank Group South Africa 167,605 2,728 18.8 2 52.4 15.8
10 10 Abu Dhabi Commercial Bank UAE 154,414 2,234 12.8 1.6 32.3 16.2
11 12 Mizrahi Tefahot Bank Israel 124,456 1,380 18.9 1.4 37 13.4
12 13 Kuwait Finance House Kuwait 123,682 2,195 11 1.8 35.4 18.2
13 14 National Bank of Kuwait Kuwait 122,560 1,913 12.6 1.6 36.6 17.3
14 11 FirstRand South Africa 122,006 2,180 20.4 1.8 52.2 15.2
15 15 Israel Discount Bank Israel 109,884 1,162 15.5 1.1 46.6 13.5
16 18 Riyad Bank Saudi Arabia 103,165 2,145 14 2.1 31.2 20.7
17 16 Absa Group South Africa 102,500 1,224 14.2 1.2 55.4 15.4
18 17 Banque Misr Egypt 96,109 1,982 33.6 2.2 25.6 17.9
19 19 Awwal Bank Saudi Arabia 95,110 1,867 12.3 2.1 31.9 19.7
20 20 Dubai Islamic Bank UAE 85,563 1,909 15.6 2.3 27.1 17.3
21 21 Nedbank Group South Africa 71,695 922 14.5 1.4 54.7 15.3
22 22 Arab Bank Group Jordan 68,274 830 7.8 1.3 42.6 17.5
23 23 Banque Saudi Fransi Saudi Arabia 67,572 1,126 10.6 1.7 32.4 19.4
24 24 Attijariwafa Bank Morocco 66,775 895 14.3 1.4 40.5 12.8
25 27 Mashreq Bank UAE 65,333 2,362 32.6 4.1 30.9 16.5
26 28 Alinma Bank Saudi Arabia 63,127 1,290 14.6 2.2 31.3 17.5
27 26 FIBI Israel 61,531 614 19.2 1.1 42.1 14.6
28 25 Arab National Bank Saudi Arabia 58,852 1,086 12.2 1.9 33.2 20.9
29 30 Banque Centrale Populaire Morocco 52,715 408 7.2 0.8 53.1 13.2
30 33 Abu Dhabi Islamic Bank UAE 52,496 1,430 22.1 2.9 32.9 16.8
31 29 Qatar Islamic Bank Qatar 51,959 1,178 15.1 2.3 17.1 20.4
32 41 Gulf International Bank Bahrain 47,070 169 5.2 0.4 56.8 18.9
33 31 Commercial Bank Qatar 45,152 827 12.4 1.9 25.5 14.9
34 32 Masraf Al Rayan Qatar 45,104 406 6.1 0.9 24.7 21.8
35 36 Arab Banking Corporation Bahrain 43,892 296 6.4 0.7 59.7 16.1
36 34 Ahli United Bank Bahrain 41,900 708 12.1 1.7 26 17.2
37 35 Bank of Africa Morocco 39,334 403 12.5 1 51.5 12.4
38 37 Bank Albilad Saudi Arabia 38,164 631 16.6 1.7 44.1 17.8
39 40 Bank Muscat Oman 35,515 552 9.4 1.6 38.3 21.2
40 42 Commercial Bank of Dubai UAE 35,116 721 18.3 2.2 24.9 15.9
41 45 Saudi Investment Bank Saudi Arabia 34,664 470 10.5 1.4 41 19.8
42 43 Bank AlJazira Saudi Arabia 34,549 272 6.6 0.8 57.9 19.9
43 44 Dukhan Bank Qatar 31,429 358 9 1.2 33 17.2
44 39 Access Holdings Nigeria 29,758 1,090 37.6 3.3 44.2 21.1
45 49 Doha Bank Qatar 27,798 211 5.4 0.8 33.4 19.2
46 46 Ecobank Transnational Togo 27,230 407 22.2 1.5 54.5 15
47 51 Commercial International Bank Egypt 26,995 968 41.3 3.9 18 26.2
48 52 Al Baraka Group Bahrain 25,205 283 14.7 1.2 47.6 n.a.
49 55 Burgan Bank Kuwait 24,164 147 4.8 0.6 52.4 20
50 0 Commercial Bank of Ethiopia Ethiopia 23,931 326 23.9 1.4 58.9 25.9
51 56 Gulf Bank Kuwait 23,346 232 9.7 1 45.8 18
52 53 United Bank for Africa Nigeria 23,230 1,026 40.9 4.1 37.2 32.6
53 47 Zenith Bank Nigeria 22,910 1,143 38.7 4.2 27.3 21.7
54 0 CBZ Bank Zimbabwe 22,084 1,527 57.2 8.8 48.8 21.7
55 57 Al Ahli Bank of Kuwait Kuwait 20,465 148 7.6 0.7 48 16.7
56 58 QNB Egypt 20,330 529 27.3 2.9 16.4 23.6
57 59 RAKBANK UAE 20,134 486 18.6 2.5 36.4 17.8
58 54 FBN Holdings Nigeria 19,004 523 24.3 2.3 49.1 17.9
59 50 BLOM Bank Lebanon 18,554 378 18.9 1.3 41.5 5.3
60 48 Bank Audi Lebanon 18,553 0 0 0 79.6 9.5
61 61 Sharjah Islamic Bank UAE 17,935 232 10.9 1.4 39 18.2
62 68 AAIB Egypt 17,460 236 10.8 1.7 27.3 20.4
63 79 Sohar International Bank Oman 17,373 183 9.9 1.4 47.1 17.9
64 62 QIIB Qatar 16,928 320 12.8 2 19.3 17
65 63 Mauritius Commercial Bank Mauritius 16,724 287 18.2 1.8 32.2 18.3
66 67 Ahli Bank Qatar 16,609 230 10.6 1.6 22.8 21
67 66 Warba Bank Kuwait 15,724 64 5.2 0.4 63.9 17
68 70 National Bank of Bahrain Bahrain 14,254 216 14.5 1.7 52 23.3
69 69 National Bank of Fujairah UAE 14,080 197 11.7 1.5 30.6 19
70 71 KCB Group Kenya 13,855 269 17 2 52.3 17.8
71 81 Al Salam Bank Bahrain 13,656 128 12.9 1 47.9 20.3
72 65 Commercial Bank of Kuwait Kuwait 13,588 361 16.6 2.6 40.4 18.1
73 77 CIH Bank Morocco 12,710 77 10.7 0.6 43.3 12.5
74 78 National Bank of Oman Oman 12,525 151 8.9 1.3 42.4 16.9
75 60 Byblos Bank Lebanon 12,289 1 0.1 0 83.4 7.8
76 72 Housing Bank Jordan 12,219 198 11 1.6 42.3 18.8
77 76 Bank Dhofar Oman 12,171 101 5.4 0.8 47.6 17.5
78 74 Kuwait International Bank Kuwait 11,763 63 5 0.6 50 19.8
79 73 Equity Group Holdings Kenya 11,624 314 22.5 2.7 49.1 18.1
80 64 Guaranty Trust Holding Nigeria 10,900 911 46.4 6.8 23.8 21.9
81 80 Capitec Bank Holdings South Africa 10,821 566 25.9 5.3 38.6 36.3
82 82 Bank of Sharjah UAE 10,743 -75 -11 -0.7 114.3 14.7
83 84 Capital Bank of Jordan Jordan 10,692 150 15.7 1.4 39.8 15.4
84 0 FBC Holdings Zimbabwe 10,524 1,015 65.5 13.1 66.6 23.9
85 85 Bank al Etihad Jordan 10,449 81 9.9 0.8 49.9 15
86 0 ZB Financial Holdings Zimbabwe 10,404 2,063 60.4 27.4 48.8 20.4
87 83 BBK Bahrain 10,352 199 12.8 1.9 44.6 28.1
88 0 Al Barid Bank Morocco 9,510 29 10.5 0.3 72.8 22.4
89 75 Bank of Beirut Lebanon 8,857 -70 -6.7 -0.8 112.4 9.7
90 87 Ahli Bank Oman 8,619 95 7.6 1.2 43.8 17.4
91 91 BIAT Tunisia 7,716 131 14.2 1.8 38.7 n.a.
92 90 Banque Nationale Agricole Tunisia 7,716 74 10.2 1 42 n.a.
93 92 BMCI Morocco 7,620 17 2.4 0.2 63.7 13.4
94 0 Jordan Kuwait Bank Jordan 7,385 127 13.9 1.9 39.2 18.2
95 89 Oragroup Togo 7,138 -30 -11.7 -0.4 70 7.0 (1)
96 94 Bank of Palestine Palestine 7,126 16 2.9 0.2 54 15.4
97 86 Fidelity Bank Nigeria 7,013 168 26.2 2 50.5 16.2
98 0 Cr?it du Maroc Morocco 6,816 49 7.5 0.8 55.5 14.6
99 0 Ajman Bank UAE 6,789 -106 -14 -2 43 16

Notes:

  • Data pertains to FY2022, with a March 2024 cutoff.
  • Only banks with available financial data for FY2023 were included in the ranking.
  • n.a.: not available; n.m.: not meaningful.
  • (1) FY2022 figures.

Source: TABInsights, S&P Global Market Intelligence

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Largest banks in the Middle East and Africa in 2023

TAB Global 1000 2023 is an evaluation of the 1000 largest banks in the world for the financial year (FY) 2022, with a March 2023 cutoff. In this year's ranking, it features 69 banks from 11 Middle Eastern countries and 29 banks from nine African nations, which collectively held $5.1 trillion in total assets, $2.8 trillion in net loans, $3.5 trillion in customer deposits, and generated a total net profit of $69.2 billion. 

In the Middle East, only Qatar National Bank and First Abu Dhabi Bank secured positions among the world’s top 100 largest banks. The top 10 largest banks in the Middle East comprise three UAE banks, two Saudi Arabian banks, two Israeli banks, and one each from Egypt and Qatar. None of the African banks featured among the world’s top 100 largest banks. Standard Bank Group has maintained its position as the largest bank in the region.  

Largest Bank Rank 2023 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 Qatar National Bank Qatar 326,664 3,969 14.1 1.3 20.1 19.6
2 First Abu Dhabi Bank UAE 302,221 3,654 12 1.3 31.6 15.6
3 Saudi National Bank Saudi Arabia 251,596 4,988 11.4 2 29.9 19
4 Al Rajhi Bank Saudi Arabia 202,674 4,568 20.8 2.4 26.1 21.4
5 Emirates NBD UAE 202,004 3,542 15.1 1.8 28.5 18.3
6 Bank Leumi Israel 198,836 2,301 16.8 1.2 38.7 14.3
7 Bank Hapoalim Israel 189,220 1,947 14.8 1 43.4 14.7
8 National Bank of Egypt Egypt 176,489 1,836 17.3 1 33 15.5
9 Standard Bank Group South Africa 169,626 2,416 15.7 1.7 57.8 15.3
10 Abu Dhabi Commercial Bank UAE 135,541 1,752 11 1.4 34.1 15.8
11 FirstRand South Africa 122,441 2,279 19.9 1.8 53.2 14.9
12 Mizrahi Tefahot Bank Israel 121,802 1,375 19.9 1.1 46 13.1
13 Kuwait Finance House Kuwait 120,481 1,418 15.3 1.8 32.6 17.7
14 National Bank of Kuwait Kuwait 118,424 1,729 11.9 1.5 38.3 17.4
15 Israel Discount Bank Israel 107,145 1,056 14.7 1 53.2 13
16 Absa Group South Africa 105,475 1,393 15.1 1.3 54.5 15.8
17 Banque Misr Egypt 104,196 1,374 18 1.2 36 16.6
18 Riyad Bank Saudi Arabia 95,703 1,869 13.9 2 32.6 21.1
19 Awwal Bank Saudi Arabia 83,675 1,298 9.1 1.7 37.1 19.9
20 Dubai Islamic Bank UAE 78,475 1,511 13.2 2 26.1 17.6
21 Nedbank Group South Africa 73,699 946 13.7 1.4 57.8 16.4
22 Arab Bank Group Jordan 64,460 544 5.3 0.8 46.6 16.6
23 Banque Saudi Fransi Saudi Arabia 61,756 952 9.3 1.6 33.1 19.7
24 Attijariwafa Bank Morocco 60,339 736 12.3 1.2 44.7 12.7
25 Arab National Bank Saudi Arabia 56,580 817 9.7 1.5 35.4 19.8
26 FIBI Israel 55,728 515 16.4 0.9 49.2 13.8
27 Mashreq Bank UAE 54,128 1,031 17.2 2 40.9 16
28 Alinma Bank Saudi Arabia 53,336 959 11.5 1.9 34.7 19.8
29 Qatar Islamic Bank Qatar 50,543 1,105 15.4 2.1 17.4 19.9
30 Banque Centrale Populaire Morocco 47,917 346 6.6 0.7 53.5 13.4
31 Commercial Bank Qatar 46,455 772 11.5 1.6 22.7 17.3
32 Masraf Al Rayan Qatar 46,019 374 5.6 0.8 25.8 20.3
33 Abu Dhabi Islamic Bank UAE 45,880 985 17.3 2.5 34.9 17.2
34 Ahli United Bank Bahrain 41,561 582 10 1.4 29.7 16.9
35 Bank of Africa Morocco 36,673 349 11.7 1 52.4 12
36 Arab Banking Corporation Bahrain 36,639 209 4.6 0.6 61.9 16.8
37 Bank Albilad Saudi Arabia 34,471 554 16.4 1.7 44.7 17.7
38 Investec Bank South Africa 33,710 401 14.5 1.2 47.9 21.2
39 Access Holdings Nigeria 33,416 367 14.3 1.2 58 19.1
40 Bank Muscat Oman 33,184 522 9.4 1.6 41.2 21.3
41 Gulf International Bank Bahrain 32,646 96 3 0.3 71.2 17.3
42 Commercial Bank of Dubai UAE 31,602 497 13.7 1.6 26.1 16
43 Bank AlJazira Saudi Arabia 30,827 295 8 1 54.8 19.7
44 Dukhan Bank Qatar 29,193 344 8.9 1.2 28.2 18.3
45 Saudi Investment Bank Saudi Arabia 29,024 402 9.2 1.4 42.9 17.7
46 Ecobank Transnational Togo 29,004 367 18.6 1.4 57.2 14.2
47 Zenith Bank Nigeria 27,420 529 17.1 2.1 45.7 19.8
48 Bank Audi Lebanon 26,899 -434 -18.2 -1.7 290.6 9.8
49 Doha Bank Qatar 26,822 210 5.4 0.8 30.7 19.9
50 BLOM Bank Lebanon 25,770 5 0.2 0 159 12.5 (1)
51 Commercial International Bank Egypt 25,675 857 24.4 2.9 22.4 22.7
52 Al Baraka Group Bahrain 24,919 239 11.8 0.9 45.9 15.6 (1)
53 United Bank for Africa Nigeria 24,232 403 20.7 1.8 59.1 28.3
54 FBN Holdings Nigeria 23,608 322 15 1.4 63.1 16.6
55 Burgan Bank Kuwait 23,353 191 6.2 0.8 47 16.8
56 Gulf Bank Kuwait 22,328 202 9 0.9 47.7 16.4
57 Al Ahli Bank of Kuwait Kuwait 20,929 106 5.4 0.5 47.7 15.6
58 QNB Alahli Egypt 19,515 548 21.2 2.5 21.1 21.8
59 RAKBANK UAE 18,106 317 13.6 1.9 43 16.4
60 Byblos Bank Lebanon 17,281 -969 -53.5 -5.7 n.m. 12.9 (1)
61 Sharjah Islamic Bank UAE 16,097 177 8.6 1.2 38.8 19.1
62 QIIB Qatar 15,491 295 12.4 1.8 20.4 17.7
63 Mauritius Commercial Bank Mauritius 14,525 206 13.7 1.4 34.4 17.2
64 Guaranty Trust Holding Nigeria 14,387 400 19.1 3 43.2 24.1
65 Commercial Bank of Kuwait Kuwait 14,047 240 9.4 1.7 45.4 17.8
66 Warba Bank Kuwait 13,691 63 5.2 0.5 44.5 16.9
67 Ahli Bank Qatar 13,343 212 10.1 1.6 22.4 20.5
68 AAIB Egypt 13,208 148 6.9 1 39.1 21.5
69 National Bank of Fujairah UAE 12,966 93 5.9 0.8 31.9 18.6
70 National Bank of Bahrain Bahrain 12,693 188 13 1.5 50.3 23.6
71 KCB Group Kenya 12,590 346 21.5 3 46.8 17.1
72 Housing Bank Jordan 11,909 187 11 1.6 46.2 18.7
73 Equity Group Holdings Kenya 11,723 391 28 3.5 45.5 20.2
74 Kuwait International Bank Kuwait 11,669 45 4 0.4 49.8 16.6
75 Bank of Beirut Lebanon 11,362 -401 -35.9 -3.4 n.m. 14.7 (1)
76 Bank Dhofar Oman 11,214 89 4.9 0.8 48.7 17.6
77 CIH Bank Morocco 11,213 70 11.3 0.6 52 14
78 National Bank of Oman Oman 11,153 125 8.4 1.1 43.7 16.9
79 Sohar International Bank Oman 10,730 91 5.6 0.8 41.5 21
80 Capitec Bank Holdings South Africa 10,450 583 25.9 5.3 39.1 34.4
81 Al Salam Bank Bahrain 10,343 88 10.8 1 52.4 21.9
82 Bank of Sharjah UAE 10,183 -43 -10.8 -0.5 56.1 11.5
83 BBK Bahrain 9,957 172 11.9 1.7 46.7 27.3
84 Capital Bank of Jordan Jordan 9,796 128 16.1 1.5 47.4 14.4
85 Bank al Etihad Jordan 9,420 62 8.1 0.7 52.8 13.8
86 Fidelity Bank Nigeria 8,903 110 15 1.3 68.7 18.1
87 Ahli Bank Oman 7,988 86 7.6 1.1 43.9 16.3
88 BGFI Holding Gabon 7,946 99 10 1.4 63.5 19
89 Oragroup Togo 7,711 31 11.6 0.4 67 7
90 Banque Nationale Agricole Tunisia 7,157 59 8.5 0.9 45.2 19.8
91 BIAT Tunisia 6,965 114 13.7 1.7 41.8 15.6
92 BMCI Morocco 6,772 18 2.6 0.3 67.9 13.2
93 FCMB Group Nigeria 6,658 74 12.1 1.2 64.9 16
94 Bank of Palestine Palestine 6,488 67 12.8 1 54.1 15.9
95 Stanbic IBTC Bank Nigeria 6,371 130 20.6 2 57.8 16.9
96 Banco BAI Angola 6,343 220 23.3 3.3 55.1 28.2
97 Faisal Islamic Bank Egypt 6,248 256 24.8 3.4 38.2 29
98 Union Bank Nigeria 6,240 93 14.1 1.5 74.3 14.4

Note: n.a.: not available; n.m.: not meaningful

  • Data pertains to FY2022, with a March 2023 cutoff.
  • Only banks with available financial data for FY2022 were included in the ranking.
  • n.a.: not available; n.m.: not meaningful.
  • (1) FY2021 figures.

Source: TABInsights, S&P Global Market Intelligence

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Largest banks in the Middle East and Africa in 2022

The Middle East and Africa 200 (MEA200) 2022 is an evaluation of the 200 largest commercial banks and financial holding companies (banks) in the Middle East and Africa for the financial year (FY) 2021, with a March 2022 cutoff. This year’s evaluation covers banks from 16 countries, namely Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the UAE in the Middle East and Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria and South Africa in Africa.

Qatar National Bank grew its total assets by 6.6% to $300.2 billion in 2021, which marks the first time that a bank in the Middle East and Africa has held more than $300 billion in total assets. Saudi National Bank, formed by the merger of Saudi Arabia’s National Commercial Bank and Samba Financial Group in April 2021, is the third largest bank in the region. Meanwhile, National Bank of Egypt surpassed Standard Bank Group as the largest bank in Africa. The aggregate total assets of the top ten rose to $1.9 trillion, an increase of 17.5% compared to $1,6 trillion in the previous year’s ranking. The increase can be largely attributed to the merger of those two Saudi Arabian banks, along with National Bank of Egypt and Banque Misr changing their financial year end.

MEA200 Rank 2022 MEA200 Rank 2021 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Qatar National Bank Qatar 300,244 3,646 13.6 1.3 22.7 19.3
2 2 First Abu Dhabi Bank UAE 272,526 3,415 11.7 1.3 26.4 15.4
3 5 Saudi National Bank Saudi Arabia 243,494 3,408 9.7 1.6 34.8 19.2
4 6 National Bank of Egypt Egypt 205,917 1,888 13.6 0.7 32.8 21.4
5 3 Emirates NBD Bank UAE 187,159 2,534 11.1 1.3 33.6 18.3
6 4 Standard Bank South Africa 170,788 1,900 12.3 1.4 61.7 15.9
7 7 Al Rajhi Bank Saudi Arabia 166,122 3,931 24.1 2.7 26.9 17.6
8 9 FirstRand South Africa 132,162 1,847 17.7 1.5 53.2 14.6
9 8 Abu Dhabi Commercial Bank UAE 119,869 1,429 9.2 1.3 34.7 16.0
10 15 Banque Misr Egypt 118,366 1,485 13.5 0.9 36.7 20.0
11 11 National Bank of Kuwait Kuwait 109,703 1,260 8.9 1.2 39.6 18.1
12 10 Absa Group South Africa 102,808 1,316 13.9 1.2 58.6 16.5
13 13 Riyad Bank Saudi Arabia 86,763 1,606 13.3 1.9 34.4 19.0
14 12 Nedbank South Africa 76,506 839 11.8 1.2 59.6 16.4
15 14 Dubai Islamic Bank UAE 75,982 1,200 10.9 1.5 26.9 17.1
16 16 SABB Saudi Arabia 72,556 854 6.1 1.2 44.7 21.8
17 17 Kuwait Finance House Kuwait 71,873 1,027 14.1 1.4 38.1 18.7
18 18 Attijariwafa Bank Morocco 64,470 685 10.9 1.1 46.5 13.5
19 19 Arab Bank Jordan 63,805 315 3.1 0.5 49.4 16.5
20 20 Banque Saudi Fransi Saudi Arabia 57,481 920 8.8 1.7 34.3 20.7
21 23 Qatar Islamic Bank Qatar 53,266 976 14.9 1.9 18.1 18.9
22 22 Arab National Bank Saudi Arabia 51,275 579 7.2 1.2 37.6 21.4
23 21 Banque Centrale Populaire Morocco 50,273 303 5.4 0.6 57.7 13.5
24 25 Mashreqbank UAE 48,204 293 5.4 0.6 45.2 14.5
25 33 Masraf Al Rayan Qatar 47,806 475 11.0 1.3 22.0 21.0
26 24 HSBC Bank Middle East UAE 46,772 505 10.0 1.1 68.1 17.8
27 27 Alinma Bank Saudi Arabia 46,207 722 10.0 1.7 35.6 22.8
28 26 Commercial Bank Qatar 45,451 633 9.6 1.4 29.6 18.1
29 28 Ahli United Bank Bahrain 41,913 638 11.4 1.6 29.5 17.0
30 30 Investec South Africa 40,949 426 10.3 1.1 52.1 17.5
31 29 Bank of Africa Morocco 37,305 317 10.0 0.8 54.1 12.5
32 32 Abu Dhabi Islamic Bank UAE 37,263 634 11.8 1.8 41.7 18.6
33 35 Arab Banking Corporation Bahrain 34,897 128 3.1 0.4 65.2 16.9
34 34 Bank Muscat Oman 33,955 493 9.2 1.5 40.3 21.3
35 37 Gulf International Bank Bahrain 31,797 53 1.7 0.2 79.3 16.1
36 40 Commercial International Bank Egypt 31,726 845 20.9 2.9 23.1 29.9
37 42 Commercial Bank of Dubai UAE 31,095 395 11.1 1.4 27.2 15.8
38 46 Dukhan Bank Qatar 30,415 328 9.7 1.2 27.4 18.4
39 44 Bank Albilad Saudi Arabia 29,527 450 14.8 1.6 46.6 18.7
40 48 Access Holdings Nigeria 28,427 401 19.6 1.6 64.0 24.5
41 39 Al Baraka Group Bahrain 28,096 190 8.9 0.7 50.8 15.6
42 38 Doha Bank Qatar 27,772 193 5.0 0.7 28.2 20.2
43 45 Bank AlJazira Saudi Arabia 27,389 268 7.8 1.0 49.8 24.4
44 41 Saudi Investment Bank Saudi Arabia 27,059 283 6.7 1.1 45.5 20.8
45 31 Bank Audi Lebanon 26,826 -184 -6.7 -0.6 107.1 14.5
46 36 BLOM Bank Lebanon 26,439 4 0.1 0.0 35.7 12.5
47 47 Burgan Bank Kuwait 23,338 161 5.5 0.7 42.8 17.5
48 54 QNB ALAHLI Egypt 22,896 486 17.8 2.4 23.7 21.6
49 49 Zenith Bank Nigeria 22,893 612 21.2 2.8 46.6 20.7
50 51 FBN Holdings Nigeria 21,644 378 19.4 1.9 74.0 17.4
51 52 Gulf Bank Kuwait 21,626 139 6.5 0.7 46.1 16.7
52 50 United Bank for Africa Nigeria 20,696 297 15.4 1.5 62.7 24.9
53 56 Al Ahli Bank of Kuwait Kuwait 18,563 91 4.6 0.6 47.0 18.3
54 53 Byblos Bank Lebanon 17,190 -18 -1.1 -0.1 44.6 12.9
55 55 QIIB Qatar 16,973 276 12.0 1.6 20.5 16.7
56 62 AAIB Egypt 15,345 137 6.5 1.0 36.2 19.5
57 60 RAKBANK UAE 15,329 206 9.4 1.4 43.2 17.0
58 61 Ahli United Bank Kuwait 15,086 103 5.1 0.7 41.7 18.2
59 58 Sharjah Islamic Bank UAE 14,962 140 6.8 0.9 43.2 20.8
60 67 Mauritius Commercial Bank Mauritius 14,558 184 12.9 1.4 33.5 16.8
61 59 Commercial Bank of Kuwait Kuwait 14,150 181 7.3 1.3 29.0 19.0
62 - Standard Chartered UAE 13,282 58 3.0 0.4 82.1 16.4
63 64 Ahli Bank Qatar 13,210 196 9.8 1.5 25.0 20.6
64 65 Guaranty Trust Holding Nigeria 13,172 438 21.0 3.4 42.3 25.4
65 63 Bank of Beirut Lebanon 12,076 3 0.2 0.0 75.0 14.7
66 69 National Bank of Bahrain Bahrain 12,029 146 10.6 1.2 51.1 22.1
67 66 Societe Generale Morocco 11,988 93 6.4 0.7 53.4 n.a.
68 70 Warba Bank Kuwait 11,810 53 5.4 0.5 29.4 21.5
69 72 National Bank of Fujairah UAE 11,692 31 2.0 0.3 33.7 19.1
70 68 Housing Bank Jordan 11,631 155 9.3 1.3 40.1 16.8
71 73 Capitec Bank South Africa 11,533 575 26.0 5.1 46.1 36.3
72 71 Bank Dhofar Oman 11,529 65 3.6 0.6 57.2 17.7
73 79 Equity Group Kenya 11,528 365 26.0 3.5 45.9 17.7
74 74 CIH Bank Morocco 11,505 69 11.1 0.7 54.0 14.5
75 78 Sohar International Bank Oman 10,738 74 5.1 0.7 45.4 19.1
76 77 National Bank of Oman Oman 10,600 79 5.6 0.8 51.3 15.8
77 - Citibank UAE 10,395 98 13.2 1.0 63.3 13.7
78 80 Kuwait International Bank Kuwait 10,342 37 3.1 0.4 68.9 19.2
79 81 KCB Group Kenya 10,068 312 21.6 3.2 44.1 21.7
80 82 Gulf International Bank Saudi Arabia 10,066 30 1.6 0.3 76.1 22.1
81 75 BBK Bahrain 9,741 142 10.2 1.5 51.8 23.6
82 - Arab International Bank Egypt 9,695 52 5.0 0.5 61.9 20.3
83 76 Bank of Sharjah UAE 9,138 12 1.3 0.1 39.2 10.8
84 83 Oman Arab Bank Oman 8,924 18 1.4 0.2 64.5 17.7
85 86 Bank al Etihad Jordan 8,834 58 8.0 0.7 51.1 14.5
86 87 Faisal Islamic Bank Egypt 8,484 192 18.5 2.4 40.7 32.2
87 89 SBM Holdings Mauritius 8,172 42 6.8 0.5 60.6 21.4
88 90 Fidelity Bank Nigeria 7,971 89 12.9 1.2 64.9 20.1
89 91 Ahli Bank Oman 7,929 72 6.7 1.0 43.2 16.7
90 92 Jordan Islamic Bank Jordan 7,480 83 11.6 1.2 42.9 23.0
91 96 Bank of Alexandria Egypt 7,316 175 21.9 2.6 39.2 20.4
92 85 BMCI Morocco 7,310 19 2.2 0.3 69.7 n.a.
93 98 Al Salam Bank Bahrain 7,120 56 7.3 0.9 52.6 28.5
94 95 Credit du Maroc Morocco 6,416 70 10.5 1.1 48.2 15.5
95 94 Stanbic IBTC Bank Nigeria 6,334 74 12.0 1.2 78.6 16.1
96 101 Union Bank Nigeria 6,290 42 6.4 0.7 94.0 14.6
97 93 Al Masraf UAE 6,139 36 3.5 0.6 33.9 19.8
98 97 HSBC Bank Oman 6,102 48 5.5 0.8 78.3 22.7
99 100 Ajman Bank UAE 6,083 32 4.5 0.5 42.6 15.9
100 123 Capital Bank of Jordan Jordan 6,082 86 16.1 1.7 53.0 14.9
101 104 FCMB Group Nigeria 6,041 52 9.0 0.9 69.9 15.4
102 102 Ecobank Nigeria 5,997 24 3.4 0.4 78.9 11.5
103 109 Abu Dhabi Islamic Bank Egypt 5,766 92 23.7 1.8 37.8 12.9
104 110 Commercial Bank International UAE 5,656 36 5.3 0.8 52.9 14.8
105 103 FABMISR Egypt 5,581 64 12.0 1.2 32.6 29.3
106 114 Emirates NBD Egypt 5,259 35 6.9 0.7 45.9 18.8
107 107 Al Baraka Bank Egypt 5,237 72 20.3 1.4 25.8 20.8
108 106 NCBA Group Kenya 5,222 93 13.7 1.9 45.0 19.1
109 105 Co-operative Bank Kenya 5,122 151 17.5 2.9 48.5 17.2
110 112 Egyptian Gulf Bank Egypt 5,106 44 12.7 0.9 43.6 24.8
111 108 Cairo Amman Bank Jordan 5,098 46 8.5 1.0 57.5 15.2
112 120 Housing and Development Bank Egypt 5,079 129 20.5 2.9 37.4 24.7
113 119 National Bank of Kuwait Egypt 4,935 92 15.0 2.1 39.4 23.5
114 - Arab Bank UAE 4,884 -56 -10.4 -1.1 49.3 13.3
115 111 Kuwait Finance House Bahrain 4,878 61 13.1 1.3 49.2 28.9
116 113 SAIB Egypt 4,534 20 5.8 0.4 59.1 14.3
117 117 AfrAsia Bank Mauritius 4,424 23 10.2 0.5 42.1 16.2
118 99 Bank of Baroda UAE 4,418 -72 -11.9 -1.4 25.4 18.5
119 118 Jordan Kuwait Bank Jordan 4,239 11 1.7 0.3 59.3 18.9
120 116 Jordan Ahli Bank Jordan 4,166 20 4.4 0.5 64.6 15.9
121 115 United Arab Bank UAE 4,133 19 4.8 0.5 54.2 13.8
122 128 Ahli United Bank Egypt 4,105 75 13.7 2.0 32.1 18.2
123 127 Absa Bank Mauritius 4,099 37 8.6 0.9 57.9 23.1
124 121 Diamond Trust Bank Kenya 4,036 40 6.1 1.0 48.8 19.6
125 131 Sterling Bank Nigeria 3,947 34 10.1 0.9 76.7 14.9
126 124 Bank of Jordan Jordan 3,865 51 7.8 1.4 51.4 19.2
127 132 Credit Agricole Egypt 3,849 103 20.5 2.9 35.4 20.9
128 129 Absa Bank Kenya 3,787 99 21.0 2.7 45.9 17.1
129 122 Standard Chartered Nigeria 3,776 20 3.4 0.5 43.8 19.7
130 133 I&M Group Kenya 3,668 79 12.2 2.3 44.0 21.5
131 130 Suez Canal Bank Egypt 3,657 39 15.0 1.1 49.8 13.0
132 135 Bank Nizwa Oman 3,649 33 6.6 1.0 51.6 18.8
133 144 Al Ahli Bank of Kuwait Egypt 3,620 54 19.0 1.7 32.9 15.3
134 125 NBQ UAE 3,578 72 5.4 2.0 34.8 44.7
135 134 HSBC Bank Mauritius 3,515 16 5.5 0.5 47.1 28.3
136 146 Safwa Islamic Bank Jordan 3,295 20 8.9 0.7 44.9 18.1
137 137 AJIB Jordan 3,246 26 8.1 0.9 52.5 17.4
138 136 Polaris Bank Nigeria 3,174 49 19.3 1.6 78.8 14.0
139 142 Khaleeji Commercial Bank Bahrain 3,093 29 7.0 1.0 42.0 19.3
140 151 Abu Dhabi Commercial Bank Egypt 3,079 45 12.4 1.7 33.4 21.8
141 143 GCB Bank Ghana 3,041 97 23.8 3.4 52.2 21.7
142 - Attijariwafa bank Egypt 2,964 35 9.7 1.3 47.9 17.4
143 141 Ecobank Ghana 2,962 99 22.4 3.5 46.2 20.4
144 139 Standard Chartered Kenya 2,958 82 17.3 2.7 50.2 17.8
145 138 Stanbic Holdings Kenya 2,905 66 13.3 2.2 50.9 17.3
146 - Arab Investment Bank Egypt 2,894 -55 -25.7 -2.0 59.5 33.6
147 145 Wema Bank Nigeria 2,848 22 14.3 0.9 75.3 11.6
148 147 Invest Bank UAE 2,739 -78 -35.7 -2.7 96.1 9.3
149 152 Absa Bank Ghana 2,650 118 31.2 4.8 30.0 23.1
150 149 Societe Generale Jordan 2,494 9 4.1 0.4 47.0 20.0
151 154 Standard Chartered Mauritius 2,453 30 10.3 1.3 54.7 n.a.
152 150 Stanbic Bank Ghana 2,321 69 22.5 3.1 47.7 19.2
153 164 Fidelity Bank Ghana 2,208 60 30.2 3.1 49.2 26.5
154 158 Standard Bank Mauritius 2,190 13 10.5 0.7 58.5 32.3
155 153 BNP Paribas Algeria 2,039 24 8.5 1.1 49.7 15.6
156 157 Jordan Commercial Bank Jordan 2,038 10 4.9 0.5 63.2 11.8
157 161 African Bank South Africa 1,941 36 4.9 1.9 62.6 43.3
158 162 Investec Bank Mauritius 1,848 33 7.8 1.9 27.0 29.2
159 159 INVESTBANK Jordan 1,807 25 9.9 1.4 50.6 15.7
160 160 Consolidated Bank Ghana 1,777 12 11.6 0.7 77.8 21.6
161 163 Arab Banking Corporation Jordan 1,735 14 5.8 0.8 55.8 19.5
162 172 Al Salam Bank Algeria 1,709 25 13.7 1.7 36.1 n.a.
163 169 Standard Chartered Ghana 1,672 74 27.7 4.8 35.7 33.4
164 170 CalBank Ghana 1,659 38 18.6 2.6 43.8 25.0
165 166 Bank of Baroda Kenya 1,593 47 19.2 3.0 20.2 29.6
166 168 Zenith Bank Ghana 1,465 37 14.6 2.7 43.6 45.1
167 171 Unity Bank Nigeria 1,306 8 n.m. 0.6 97.0 -86.2
168 176 CFG Bank Morocco 1,259 3 3.9 0.3 79.4 n.a.
169 175 Access Bank Ghana 1,238 55 26.6 4.8 27.5 35.7
170 178 Citibank Kenya 1,157 32 14.9 3.1 38.5 18.8
171 174 Prime Bank Kenya 1,138 30 11.7 2.6 48.1 41.6
172 179 SBI Mauritius 1,067 13 8.3 1.3 35.3 22.8
173 177 Agricultural Development Bank Ghana 1,066 14 9.0 1.4 74.3 14.5
174 167 Bank One Mauritius 1,046 10 11.7 0.8 67.3 20.9
175 182 Family Bank Kenya 987 21 15.8 2.3 57.2 21.7
176 181 Ecobank Kenya 913 6 9.9 0.7 75.9 17.2
177 187 Arab Banking Corporation Egypt 904 -8 -6.6 -0.9 84.7 23.2
178 180 Societe Generale Ghana 898 31 18.4 3.4 50.4 22.4
179 191 United Bank for Africa Ghana 888 24 13.3 3.1 30.1 22.8
180 184 Grindrod Bank South Africa 860 7 6.7 0.9 64.8 15.7
181 189 Guaranty Trust Bank Ghana 832 54 28.7 6.6 24.1 38.5
182 192 Bidvest Bank South Africa 793 9 5.8 1.3 88.0 23.0
183 196 First Atlantic Bank Ghana 773 20 17.9 3.1 57.2 22.4
184 - Bank of India Kenya 767 26 14.3 3.5 14.7 52.2
185 185 MauBank Mauritius 766 3 4.0 0.4 84.3 13.9
186 190 Prudential Bank Ghana 726 15 12.4 2.1 55.2 23.7
187 188 SBM Bank Kenya 724 3 4.0 0.4 100.4 16.4
188 194 Jaiz Bank Nigeria 677 11 22.5 1.7 61.3 22.9
189 193 BCP Bank Mauritius 623 0 0.9 0.1 82.8 12.6
190 - Fransabank Algeria 622 8 5.4 1.4 49.7 n.a.
191 - Titan Trust Bank Nigeria 597 11 12.7 2.3 50.5 34.7
192 199 ABC Banking Corporation Mauritius 539 3 6.3 0.6 46.3 15.3
193 195 Albaraka Bank South Africa 538 3 4.6 0.4 82.3 17.1
194 - Bank of Africa Ghana 522 12 10.9 2.9 45.9 41.7
195 200 HBZ Bank South Africa 496 6 15.2 1.2 61.2 15.3
196 - Guaranty Trust Bank Kenya 482 11 12.7 2.5 48.5 25.8
197 - First National Bank Ghana 410 -1 -0.8 -0.2 102.2 36.6
198 - Victoria Commercial Bank Kenya 384 4 6.8 1.2 40.8 16.6
199 - Bank of Africa Kenya 383 2 4.0 0.5 83.8 17.5
200 - Sidian Bank Kenya 366 4 11.0 1.4 62.9 18.8

Note: n.a.: not available; n.m.: not meaningful

Source: TABInsights, S&P Global Market Intelligence

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Largest banks in the Middle East and Africa in 2021

The Middle East and Africa 200 (MEA200) 2021 is an evaluation of the 200 largest commercial banks and financial holding companies (banks) in the Middle East and Africa for the financial year (FY) 2020, with a March 2021 cutoff. This year’s evaluation covers banks from 16 countries, namely Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the UAE in the Middle East and Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria and South Africa in Africa. The 200 banks listed had a combined total assets of $4.1 trillion, net loans of $2.2 trillion, customer deposits of $2.8 trillion and net profit of $36.4 billion.

Egypt had the most banks on the list, followed by the UAE, Nigeria and Ghana, while the UAE, Saudi Arabia, South Africa and Qatar held a larger share of total assets compare to other countries. African banks improved their showing in the top 20 largest banks. The seven African banks among the top 20 registered a 14.5% average asset growth, against 10.4% for the 13 Middle Eastern banks. Bank consolidation across the region helps banks achieve their scale and improve their financial strength.

MEA200 Rank 2021 MEA200 Rank 2020 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Qatar National Bank Qatar 281,559 3,319 13.1 1.2 24.7 19.1
2 2 First Abu Dhabi Bank UAE 250,221 2,873 10.5 1.2 27.3 16.5
3 3 Emirates NBD Bank UAE 190,059 1,896 8.5 1.0 33.8 18.5
4 4 Standard Bank South Africa 172,851 887 6.8 0.7 65.2 15.4
5 5 National Commercial Bank Saudi Arabia 159,788 3,081 16.0 2.1 30.4 20.3
6 9 National Bank of Egypt Egypt 125,001 813 11.3 0.7 37.4 16.3
7 7 Al Rajhi Bank Saudi Arabia 124,970 2,824 20.1 2.5 32.5 19.1
8 8 Abu Dhabi Commercial Bank UAE 111,940 1,037 7.2 0.9 35.0 17.2
9 6 FirstRand South Africa 111,045 1,209 12.7 1.0 53.3 14.4
10 11 Absa Group South Africa 104,485 441 5.5 0.5 61.5 15.0
11 10 National Bank of Kuwait Kuwait 97,694 842 6.5 0.9 38.2 18.4
12 16 Nedbank South Africa 83,810 272 4.5 0.4 60.9 14.8
13 13 Riyad Bank Saudi Arabia 82,657 1,256 11.5 1.6 32.4 19.1
14 12 Dubai Islamic Bank UAE 78,834 860 8.1 1.1 28.8 18.5
15 18 Banque Misr Egypt 76,035 687 14.2 1.0 32.0 18.9
16 15 SABB Saudi Arabia 73,691 -1,111 -8.0 -1.6 39.0 21.8
17 17 Kuwait Finance House Kuwait 70,687 600 8.7 0.9 37.3 17.5
18 19 Attijariwafa Bank Morocco 63,776 391 6.7 0.7 51.9 13.4
19 21 Arab Bank Jordan 54,414 195 2.1 0.4 47.8 16.8
20 20 Banque Saudi Fransi Saudi Arabia 51,732 412 4.5 0.8 34.0 21.1
21 24 Banque Centrale Populaire Morocco 49,875 135 2.7 0.3 55.6 13.3
22 22 Arab National Bank Saudi Arabia 48,086 551 7.2 1.1 34.8 22.0
23 25 Qatar Islamic Bank Qatar 47,893 831 13.7 1.8 20.1 19.4
24 26 HSBC Bank Middle East UAE 44,601 -86 -1.7 -0.2 62.4 19.1
25 23 Mashreqbank UAE 43,159 -328 -5.6 -0.7 57.2 16.0
26 28 Commercial Bank Qatar 42,194 357 6.0 0.9 28.2 17.8
27 29 Alinma Bank Saudi Arabia 41,817 524 8.4 1.4 36.9 19.3
28 27 Ahli United Bank Bahrain 40,071 486 9.4 1.2 29.3 16.1
29 31 Bank of Africa Morocco 37,261 144 4.9 0.4 62.3 12.3
30 32 Investec South Africa 37,258 226 6.2 0.7 60.0 16.0
31 30 Bank Audi Lebanon 35,391 -144 -4.8 -0.4 41.7 13.1
32 33 Abu Dhabi Islamic Bank UAE 34,799 437 8.6 1.3 45.7 18.8
33 36 Masraf Al Rayan Qatar 33,269 599 15.9 1.9 21.5 20.3
34 34 Bank Muscat Oman 32,346 424 8.3 1.3 39.4 20.8
35 38 Arab Banking Corporation Bahrain 30,407 -75 -1.9 -0.3 75.2 17.5
36 35 BLOM Bank Lebanon 29,683 3 0.1 0.0 24.2 11.6
37 39 Gulf International Bank Bahrain 29,550 -308 -9.8 -1.0 91.2 17.2
38 37 Doha Bank Qatar 28,441 193 5.3 0.7 29.5 19.8
39 41 Al Baraka Banking Group Bahrain 28,163 166 7.3 0.6 49.2 16.0
40 43 Commercial International Bank Egypt 27,179 647 19.5 2.5 21.8 31.4
41 40 Saudi Investment Bank Saudi Arabia 26,625 261 7.0 1.0 42.0 21.2
42 42 Commercial Bank of Dubai UAE 26,507 305 10.7 1.2 27.1 16.7
43 - Banque Nationale D'Algerie Algeria 26,040 181 5.4 0.7 24.8 n.a.
44 45 Bank AlBilad Saudi Arabia 25,521 359 13.6 1.5 48.5 17.9
45 44 Bank AlJazira Saudi Arabia 24,547 9 0.3 0.0 51.6 23.6
46 47 Dukhan Bank Qatar 23,705 156 4.9 0.7 27.5 16.4
47 46 Burgan Bank Kuwait 23,361 111 3.7 0.5 47.4 18.1
48 48 Access Bank Nigeria 22,752 279 15.9 1.4 67.9 20.6
49 50 Zenith Bank Nigeria 22,232 607 23.2 3.1 46.4 23.1
50 54 United Bank for Africa Nigeria 20,179 300 17.7 1.7 61.1 22.4
51 52 FBN Holdings Nigeria 20,155 236 12.8 1.3 68.5 17.0
52 51 Gulf Bank Kuwait 20,095 94 4.6 0.5 40.5 18.2
53 49 Byblos Bank Lebanon 18,737 -104 -6.5 -0.5 34.4 11.0
54 53 QNB ALAHLI Egypt 18,433 474 20.6 2.6 22.3 21.5
55 55 QIIB Qatar 16,842 258 11.7 1.6 22.0 16.5
56 56 Al Ahli Bank of Kuwait Kuwait 15,953 -226 -10.5 -1.4 48.1 17.3
57 57 Al Khalij Commercial Bank Qatar 15,518 188 9.8 1.2 25.8 19.4
58 62 Sharjah Islamic Bank UAE 14,593 110 5.4 0.8 45.9 20.7
59 61 Commercial Bank of Kuwait Kuwait 14,428 0 0.0 0.0 42.9 18.4
60 58 RAKBANK UAE 14,368 138 6.7 0.9 39.2 18.6
61 60 Ahli United Bank Kuwait 14,366 97 5.9 0.7 36.9 15.7
62 63 AAIB Egypt 14,267 80 4.1 0.6 37.7 20.9
63 59 Bank of Beirut Lebanon 13,426 -249 -16.9 -1.7 63.8 n.a.
64 66 Ahli Bank Qatar 13,063 187 11.4 1.5 25.6 17.7
65 69 Guaranty Trust Holding Nigeria 12,961 531 27.9 4.6 36.7 24.9
66 68 Societe Generale Morocco 12,560 84 6.3 0.7 52.6 n.a.
67 64 Mauritius Commercial Bank Mauritius 12,101 198 14.6 1.6 31.7 17.5
68 70 Housing Bank Jordan 11,715 60 3.7 0.5 44.2 17.4
69 67 National Bank of Bahrain Bahrain 11,577 134 9.6 1.3 47.5 22.3
70 71 Warba Bank Kuwait 11,425 18 2.1 0.2 33.4 16.9
71 73 Bank Dhofar Oman 11,057 79 4.4 0.7 49.8 17.7
72 65 National Bank of Fujairah UAE 10,855 -129 -7.7 -1.1 35.4 19.2
73 78 Capitec Bank South Africa 10,312 272 16.1 3.1 41.1 36.7
74 79 CIH Bank Morocco 10,055 5 0.8 0.1 60.5 15.1
75 72 BBK Bahrain 9,982 139 9.9 1.4 51.2 21.8
76 75 Bank of Sharjah UAE 9,840 -181 -21.1 -2.0 157.3 10.7
77 74 National Bank of Oman Oman 9,435 47 3.4 0.5 51.9 16.4
78 76 Sohar International Bank Oman 9,379 52 3.8 0.6 48.1 19.1
79 84 Equity Group Kenya 9,291 189 16.0 2.5 46.1 18.9
80 77 Kuwait International Bank Kuwait 9,210 0 0.0 0.0 57.4 22.1
81 - KCB Group Kenya 9,042 184 14.4 2.1 44.9 21.6
82 - Gulf International Bank Saudi Arabia 8,765 -117 -6.0 -1.4 84.0 26.5
83 80 Oman Arab Bank Oman 8,571 37 3.5 0.5 64.7 15.4
84 81 Ithmaar Bank Bahrain 8,215 -29 -8.7 -0.4 83.4 12.6
85 83 BMCI Morocco 7,478 15 1.9 0.2 57.7 14.7
86 87 Bank al Etihad Jordan 7,438 42 6.1 0.6 52.6 14.5
87 86 Faisal Islamic Bank Egypt 7,417 146 15.7 2.1 41.7 31.4
88 - HSBC Bank Egypt 7,400 228 23.8 3.3 29.0 24.5
89 - SBM Holdings Mauritius 7,265 26 4.1 0.4 54.8 20.7
90 94 Fidelity Bank Nigeria 7,230 70 10.6 1.1 65.1 18.2
91 88 Ahli Bank Oman 7,019 62 6.3 0.9 42.1 15.7
92 91 Jordan Islamic Bank Jordan 6,833 74 11.1 1.1 46.3 23.7
93 89 Al Masraf UAE 6,529 -242 -20.1 -3.8 35.9 18.9
94 82 Stanbic IBTC Holdings Nigeria 6,517 219 24.4 3.3 47.8 24.8
95 95 Credit du Maroc Morocco 6,501 21 3.6 0.3 56.8 15.0
96 90 Bank of Alexandria Egypt 6,495 157 23.2 2.4 44.7 20.9
97 93 HSBC Bank Oman 6,118 -21 -2.5 -0.3 87.0 20.9
98 96 Al Salam Bank Bahrain 6,003 24 3.0 0.4 50.7 26.5
99 - Bank of Baroda UAE 5,930 -37 -5.6 -0.6 24.2 19.5
100 92 Ajman Bank UAE 5,855 15 2.2 0.2 42.5 16.0
101 97 Union Bank Nigeria 5,743 49 7.2 0.9 82.9 17.5
102 - Ecobank Nigeria 5,732 21 2.8 0.4 80.8 21.4
103 103 Bank Audi Egypt 5,438 86 18.4 1.7 31.1 25.2
104 100 FCMB Group Nigeria 5,396 52 9.2 1.0 65.6 15.8
105 102 Co-operative Bank Kenya 4,916 102 12.9 2.2 56.9 16.9
106 101 NCBA Group Kenya 4,832 43 6.5 0.9 45.2 17.5
107 104 Al Baraka Bank Egypt 4,798 79 28.1 1.7 21.9 20.4
108 106 Cairo Amman Bank Jordan 4,730 25 4.8 0.5 64.7 16.0
109 109 Abu Dhabi Islamic Bank Egypt 4,694 76 24.4 1.8 37.7 13.9
110 99 Commercial Bank International UAE 4,667 9 1.4 0.2 35.9 16.3
111 107 Kuwait Finance House Bahrain 4,660 40 8.4 0.9 58.7 21.8
112 - Egyptian Gulf Bank Egypt 4,569 40 12.8 0.9 49.0 25.0
113 - SAIB Egypt 4,346 20 6.1 0.5 60.5 16.5
114 111 Emirates NBD Egypt 4,218 72 15.7 1.8 44.9 18.2
115 105 United Arab Bank UAE 4,043 -182 -38.8 -3.9 65.0 13.7
116 110 Jordan Ahli Bank Jordan 4,008 13 3.0 0.3 66.1 15.5
117 108 AfrAsia Bank Mauritius 3,997 41 18.9 1.0 32.2 15.1
118 112 Jordan Kuwait Bank Jordan 3,963 -6 -1.0 -0.2 56.9 19.4
119 113 National Bank of Kuwait Egypt 3,951 91 17.2 2.3 34.9 23.2
120 122 Housing and Development Bank Egypt 3,900 130 25.2 3.7 36.4 22.3
121 119 Diamond Trust Bank Kenya 3,891 33 5.2 0.9 53.7 22.9
122 - Standard Chartered Nigeria 3,886 85 13.2 2.2 71.4 31.9
123 117 Capital Bank of Jordan Jordan 3,877 43 8.5 1.2 42.5 16.7
124 118 Bank of Jordan Jordan 3,826 50 8.2 1.3 45.5 19.1
125 114 NBQ UAE 3,688 58 4.6 1.5 31.6 41.5
126 - The United Bank Egypt 3,648 82 15.9 2.5 41.4 19.4
127 115 Absa Bank Mauritius 3,600 24 5.5 0.6 60.8 20.3
128 - Ahli United Bank Egypt 3,581 77 15.3 2.3 n.a. 19.9
129 116 Absa Bank Kenya 3,473 39 9.5 1.1 58.2 17.5
130 125 Suez Canal Bank Egypt 3,451 38 17.3 1.2 44.5 13.4
131 121 Sterling Bank Nigeria 3,405 30 9.0 0.9 78.2 18.0
132 123 Credit Agricole Egypt 3,297 87 20.5 2.7 36.9 20.3
133 129 I&M Holdings Kenya 3,278 79 13.3 2.5 42.2 22.0
134 - HSBC Bank Mauritius 3,192 18 5.7 0.6 42.7 21.1
135 130 Bank Nizwa Oman 3,133 29 7.2 1.0 51.5 13.7
136 - Polaris Bank Nigeria 3,130 74 30.1 2.4 68.0 16.1
137 127 AJIB Jordan 3,103 16 5.3 0.6 52.9 15.8
138 120 Stanbic Holdings Kenya 3,008 49 10.3 1.6 52.2 18.1
139 124 Standard Chartered Kenya 2,980 51 10.8 1.7 58.8 18.5
140 128 BLOM Bank Egypt 2,794 51 17.8 1.8 32.0 24.6
141 133 Ecobank Ghana 2,740 96.5 26.9 3.9 47.9 19.6
142 131 Khaleeji Commercial Bank Bahrain 2,696 21 6.4 0.8 45.9 20.3
143 132 GCB Bank Ghana 2,655 78 22.6 3.2 57.6 21.5
144 135 Al Ahli Bank of Kuwait Egypt 2,624 43 18.0 1.8 39.2 17.4
145 138 Wema Bank Nigeria 2,568 12 8.2 0.5 75.7 15.0
146 134 Safwa Islamic Bank Jordan 2,567 14 6.8 0.6 50.6 19.7
147 126 Invest Bank UAE 2,378 -97 -32.5 -3.5 96.4 10.2
148 - Keystone Bank Nigeria 2,258 7 n.m. 0.3 117.4 n.a.
149 137 Societe Generale Jordan 2,226 9 4.4 0.4 48.8 20.0
150 142 Stanbic Bank Ghana 2,189 57 21.5 3.1 52.7 18.5
151 - Abu Dhabi Commercial Bank Egypt 2,179 31 17.8 1.6 41.2 16.7
152 139 Absa Bank Ghana 2,155 83 25.2 3.9 41.3 22.7
153 - BNP Paribas Algeria 2,083 22 7.6 1.0 49.8 15.6
154 - Standard Chartered Mauritius 2,060 -9 -2.8 -0.4 58.5 n.a.
155 - Gulf Bank Algeria 2,045 36 12.9 1.8 42.9 n.a.
156 - Al Baraka Bank Algeria 2,034 33 14.0 1.6 33.9 n.a.
157 140 Jordan Commercial Bank Jordan 1,907 1 0.4 0.0 62.9 11.4
158 - Standard Bank Mauritius 1,750 7 5.8 0.5 48.3 33.0
159 144 InvestBank Jordan 1,727 8 3.3 0.5 51.8 15.0
160 141 Consolidated Bank Ghana 1,711 8 9.1 0.4 78.0 19.8
161 146 African Bank South Africa 1,705 -2 -0.3 -0.1 45.0 39.1
162 145 Investec Bank Mauritius 1,698 21 5.4 1.3 33.9 32.2
163 147 Arab Banking Corporation Jordan 1,669 2 0.8 0.1 58.4 20.1
164 143 Fidelity Bank Ghana 1,594 45 25.7 2.4 51.0 21.4
165 - Emirates Lebanon Bank Lebanon 1,561 -211 -71.8 -14.0 n.a. n.a.
166 150 Bank of Baroda Kenya 1,522 42 18.1 3.0 18.6 30.7
167 148 Bank One Mauritius 1,439 -13 -14.2 -0.8 58.9 19.8
168 152 Zenith Bank Ghana 1,380 59 26.1 5.0 34.1 43.2
169 149 Standard Chartered Ghana 1,380 84 35.8 5.8 28.2 24.9
170 151 CalBank Ghana 1,361 38 20.4 2.9 46.1 22.3
171 153 Unity Bank Nigeria 1,290 5 n.m. 0.5 108.9 -101.3
172 - Al Salam Bank Algeria 1,231 24 15.1 2.1 35.9 n.a.
173 154 Alubaf Bank Bahrain 1,145 22 6.9 2.0 40.3 55.9
174 156 Prime Bank Kenya 1,082 22 9.5 2.1 51.4 40.2
175 158 Access Bank Ghana 996 42 25.9 4.6 36.2 36.4
176 166 CFG Bank Morocco 994 -5 -6.5 -0.5 90.3 n.a.
177 163 Agricultural Development Bank Ghana 982 11 7.9 1.3 79.0 14.9
178 159 Citibank Kenya 974 29 14.9 3.1 41.9 22.5
179 160 SBI Mauritius 937 6 3.9 0.6 39.1 26.3
180 161 Societe Generale Ghana 879 27 17.8 3.2 53.5 17.1
181 164 Ecobank Kenya 864 0 -0.3 0.0 87.2 15.9
182 167 Family Bank Kenya 830 11 8.9 1.4 60.6 20.0
183 157 Sasfin Holdings South Africa 807 -3 -2.5 -0.3 80.8 16.6
184 168 Grindrod Bank South Africa 800 5 4.8 0.6 59.7 14.7
185 165 MauBank Mauritius 784 3 4.2 0.4 83.1 14.2
186 171 Qatar First Bank Qatar 780 -70 -42.9 -9.4 n.m. 15.3
187 - Arab Banking Corporation Egypt 754 4 3.4 0.5 69.2 27.4
188 170 SBM Bank Kenya 725 6 7.9 0.8 98.5 17.2
189 174 Guaranty Trust Bank Ghana 701 47 29.8 7.7 29.8 43.9
190 173 Prudential Bank Ghana 682 6 5.2 0.9 61.5 19.9
191 176 United Bank for Africa Ghana 679 28 17.6 4.3 30.0 24.4
192 169 Bidvest Bank South Africa 652 7 3.7 1.0 86.0 22.0
193 175 BCP Bank Mauritius 619 -7 -11.4 -1.1 97.5 12.6
194 180 Jaiz Bank Nigeria 612 8 18.6 1.5 61.5 20.0
195 182 Albaraka Bank South Africa 592 2 4.6 0.5 78.1 17.4
196 179 First Atlantic Bank Ghana 578 15 15.2 3.0 55.6 27.0
197 177 Universal Merchant Bank Ghana 560 4 5.0 0.8 79.1 18.0
198 - Rand Merchant Bank Nigeria 537 28 19.4 6.3 38.5 47.5
199 178 ABC Banking Corporation Mauritius 491 3 6.5 0.6 43.4 17.3
200 - HBZ Bank South Africa 466 5 15 1 60 15.0

Note: n.a.: not available; n.m.: not meaningful

Source: TABInsights, S&P Global Market Intelligence

Largest banks in the Middle East and Africa in 2020

The Middle East and Africa 200 (MEA200) is an evaluation of the 200 largest commercial banks and financial holding companies (banks) in the Middle East and Africa. This year, financial information in the first half of the financial year 2020 (1H FY2020) was collated and incorporated into the assessment of how banks performed during the COVID-19 pandemic. The evaluation covers banks from 16 countries, namely Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, the UAE, Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria and South Africa.

Qatar National Bank retained its position as the largest bank by assets. Emirates NBD Bank surpassed Standard Bank Group to become the third largest bank, due to stronger asset growth. Saudi British Bank and Alawwal Bank merged their businesses in 2019 to become one of the top 20 largest banks. Kenya and Ghana have the largest number of banks on the list, while the UAE and Saudi Arabia hold the largest combined bank assets. The aggregate total assets of banks in the UAE, Saudi Arabia, South Africa and Qatar account for 64% of total assets. Ghana and Mauritius combined have less than 1% share of total bank assets.

MEA 200 Rank 2020 MEA 200 Rank 2019 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Qatar National Bank Qatar 266,991 1,764 14.1 1.3 25.0 18.3
2 2 First Abu Dhabi Bank UAE 235,772 1,312 9.8 1.1 27.3 16.4
3 4 Emirates NBD Bank UAE 189,023 1,114 10.2 1.2 31.7 18.4
4 3 Standard Bank South Africa 150,492 250 3.9 0.4 68.2 15.3
5 5 National Commercial Bank Saudi Arabia 148,557 1,332 14.6 1.9 32.1 19.0
6 6 FirstRand South Africa 122,661 1,018 20.3 1.8 53.3 14.6
7 7 Al Rajhi Bank Saudi Arabia 111,338 1,283 19.0 2.4 33.3 19.0
8 11 Abu Dhabi Commercial Bank UAE 110,600 391 5.6 0.7 34.1 16.3
9 10 National Bank of Egypt # Egypt 96,653 607 20.0 1.3 35.3 15.9
10 8 National Bank of Kuwait Kuwait 96,302 384 5.9 0.8 37.2 16.8
11 9 Absa Group South Africa 90,282 60 1.5 0.1 59.6 14.9
12 15 Dubai Islamic Bank UAE 80,261 577 11.3 1.6 31.1 16.7
13 14 Riyad Bank Saudi Arabia 78,657 676 12.9 1.8 31.9 17.8
14 13 Samba Financial Group Saudi Arabia 74,440 594 9.8 1.7 32.0 19.1
15 23 SABB Saudi Arabia 71,169 -1,571 -21.8 -4.4 37.8 18.7
16 12 Nedbank South Africa 70,439 112 3.7 0.4 58.6 14.3
17 16 Kuwait Finance House Kuwait 66,783 215 6.1 0.7 36.2 16.5
18 19 Banque Misr Egypt 63,265 469 22.4 1.5 27.3 15.2
19 17 Attijariwafa Bank Morocco 57,498 163 5.8 0.6 53.7 14.2
20 18 Banque Saudi Fransi Saudi Arabia 53,833 298 6.7 1.1 31.7 17.5
21 20 Arab Bank Jordan 51,580 152 3.3 0.6 44.5 16.8
22 21 Arab National Bank Saudi Arabia 49,926 300 8.0 1.2 36.2 19.6
23 26 Mashreqbank UAE 47,185 157 5.3 0.7 44.3 17.0
24 25 Banque Centrale Populaire Morocco 46,225 106 4.4 0.5 52.3 n.a.
25 24 Qatar Islamic Bank Qatar 45,540 382 12.9 1.7 21.1 18.6
26 29 HSBC Bank Middle East UAE 45,120 -155 -6.3 -0.7 57.3 19.0*
27 30 Ahli United Bank Bahrain 40,079 314 12.2 1.6 27.4 15.6
28 27 Commercial Bank Qatar 39,462 248 8.5 1.2 28.0 17.3
29 32 Alinma Bank Saudi Arabia 37,904 251 8.3 1.4 39.4 19.6
30 22 Bank Audi Lebanon 36,855 0 0.0 0.0 56.4 11.7
31 34 Bank of Africa Morocco 35,279 88 6.2 0.5 66.8 12.1
32 - Investec South Africa 34,119 79 4.8 0.5 63.4 15.1
33 31 Abu Dhabi Islamic Bank UAE 33,874 160 6.4 0.9 49.2 18.2
34 33 Bank Muscat Oman 32,361 181 7.2 1.1 41.8 19.8
35 28 BLOM Bank Lebanon 31,238 39 2.5 0.2 30.1 11.2
36 37 Masraf Al Rayan Qatar 30,032 298 16.2 2.0 22.7 19.7
37 38 Doha Bank Qatar 29,676 138 7.9 0.9 31.4 17.6
38 35 Arab Banking Corporation Bahrain 29,623 -57 -2.7 -0.4 102.9 17.3
39 36 Gulf International Bank Bahrain 29,452 -102 -6.3 -0.7 91.4 17.7
40 39 Saudi Investment Bank Saudi Arabia 27,886 110 6.2 0.8 42.9 19.5
41 42 Al Baraka Banking Group Bahrain 26,104 90 8.1 0.7 50.3 16.7*
42 44 Commercial Bank of Dubai UAE 25,506 144 10.7 1.2 27.4 14.0
43 48 Commercial International Bank Egypt 24,775 316 20.3 2.6 22.3 29.5
44 47 Bank AlJazira Saudi Arabia 24,489 93 6.0 0.8 55.3 24.2
45 46 Bank AlBilad Saudi Arabia 23,677 157 12.3 1.3 49.6 17.7
46 41 Burgan Bank Kuwait 23,065 78 5.1 0.7 43.4 16.2
47 65 Dukhan Bank Qatar 20,717 145 9.2 1.4 31.8 17.1
48 61 Access Bank Nigeria 20,043 162 19.1 1.7 71.5 20.0
49 40 Byblos Bank Lebanon 20,001 0 0.0 0.0 17.3 9.7*
50 51 Zenith Bank Nigeria 19,562 276 22.0 2.9 49.6 21.1
51 45 Gulf Bank Kuwait 19,550 38 3.7 0.4 43.4 16.8
52 52 FBN Holdings Nigeria 18,401 131 14.5 1.4 65.9 16.5
53 56 QNB ALAHLI Egypt 17,705 243 22.1 2.7 21.6 20.8
54 62 United Bank for Africa Nigeria 17,485 118 14.5 1.4 67.0 25.0
55 60 QIIB Qatar 16,289 141 13.0 1.7 21.4 17.3
56 54 Al Ahli Bank of Kuwait Kuwait 15,356 -15 -1.3 -0.2 47.3 18.8
57 58 Al Khalij Commercial Bank Qatar 14,867 99 10.8 1.3 26.2 18.7
58 57 RAKBANK UAE 14,795 83 8.3 1.1 37.1 18.3
59 50 Bank of Beirut Lebanon 14,503 -1 -0.1 0.0 n.m. 11.7*
60 63 Ahli United Bank Kuwait 14,363 57 6.8 0.8 37.6 14.8
61 55 Commercial Bank of Kuwait Kuwait 14,349 4 0.4 0.1 31.3 17.9
62 66 Sharjah Islamic Bank UAE 14,340 68 6.7 1.0 44.7 21.2
63 68 AAIB Egypt 13,137 66 6.7 1.1 36.3 20.9*
64 74 Mauritius Commercial Bank Mauritius 12,144 133 19.8 2.2 32.7 16.6
65 72 National Bank of Fujairah UAE 12,111 18 2.1 0.3 31.0 18.6
66 70 Ahli Bank Qatar 12,016 81 10.1 1.3 27.7 17.2
67 78 National Bank of Bahrain Bahrain 11,804 78 11.6 1.5 47.0 20.7
68 73 Societe Generale Morocco 11,647 35 5.5 0.6 54.1 n.a.
69 77 Guaranty Trust Bank Nigeria 11,642 251 27.6 4.6 42.4 25.9
70 67 Housing Bank Jordan 11,374 38 4.7 0.6 44.2 17.3
71 84 Warba Bank Kuwait 11,019 -48 -10.9 -0.9 49.5 15.1
72 75 BBK Bahrain 10,696 78 11.9 1.5 47.9 18.6
73 71 Bank Dhofar Oman 10,680 41 4.6 0.7 60.2 17.7
74 76 National Bank of Oman Oman 9,580 39 5.6 0.8 53.7 15.6
75 82 Bank of Sharjah UAE 9,379 5 1.2 0.1 32.4 10.7
76 81 Sohar International Bank Oman 9,308 34 5.0 0.8 45.0 19.5
77 86 Kuwait International Bank Kuwait 8,910 1 0.1 0.0 64.4 18.2
78 85 Capitec Bank South Africa 8,721 36 4.8 0.9 39.6 30.4
79 88 CIH Bank Morocco 8,675 2 0.5 0.0 68.4 15.8
80 92 Oman Arab Bank Oman 8,226 27 5.5 0.8 54.2 15.2
81 79 Ithmaar Bank Bahrain 7,933 1 0.3 0.0 67.1 13.7
82 110 Stanbic IBTC Bank Nigeria 7,560 87 30.0 2.8 49.5 21.0
83 83 BMCI Morocco 7,347 6 1.5 0.2 59.6 14.9
84 98 Equity Group Kenya 7,004 87 15.5 2.6 48.8 20.2
85 - KCB Bank Kenya 6,852 68 14.5 2.0 39.7 17.4
86 102 Faisal Islamic Bank Egypt 6,779 54 12.2 1.6 47.5 30.6
87 101 Bank al Etihad Jordan 6,752 19 5.5 0.6 56.2 14.6
88 93 Ahli Bank Oman 6,486 32 6.7 1.0 42.1 16.1
89 96 Al Masraf UAE 6,486 31 5.2 1.0 32.3 22.0
90 105 Bank of Alexandria Egypt 6,433 86 26.2 2.6 39.7 18.8
91 94 Jordan Islamic Bank Jordan 6,414 38 12.0 1.2 47.6 24.1
92 90 Ajman Bank UAE 6,413 12 3.5 0.4 50.8 15.4
93 91 HSBC Bank Oman 6,241 -8 -1.9 -0.3 63.8 19.0
94 107 Fidelity Bank Nigeria 6,202 30 9.3 1.0 70.3 18.8
95 95 Credit du Maroc Morocco 5,934 2 0.9 0.1 59.4 14.8
96 109 Al Salam Bank Bahrain 5,819 19 4.7 0.7 48.1 27.4
97 114 Union Bank Nigeria 5,707 29 8.4 1.1 73.5 19.2
98 104 SBM Bank Mauritius 5,676 27 11.2 1.0 35.0 16.2
99 89 Commercial Bank International UAE 5,114 4 1.3 0.2 40.9 16.6
100 117 FCMB Group Nigeria 5,094 26 9.4 1.0 70.1 15.1*
101 - NCBA Group Kenya 4,823 25 7.7 1.0 44.0 18.5
102 - Co-operative Bank Kenya 4,822 69 17.5 3.0 52.6 16.8
103 120 Bank Audi Egypt 4,727 41 18.0 1.7 33.1 25.0
104 124 Al Baraka Bank Egypt 4,559 34 26.3 1.5 24.5 20.0
105 99 United Arab Bank UAE 4,549 -57 -23.2 -2.4 60.1 14.3
106 112 Cairo Amman Bank Jordan 4,546 8 3.2 0.4 67.9 17.2
107 116 Kuwait Finance House Bahrain 4,440 10 4.5 0.5 56.8 20.1
108 125 AfrAsia Bank Mauritius 4,207 28 25.0 1.4 32.1 15.0
109 140 Abu Dhabi Islamic Bank Egypt 4,042 34 23.1 1.7 38.1* 13.5
110 118 Jordan Ahli Bank Jordan 3,969 9 4.0 0.4 64.6 15.4
111 131 Emirates NBD Egypt 3,875 39 18.3 2.0 45.2 18.4*
112 119 Jordan Kuwait Bank Jordan 3,850 -8 -2.5 -0.4 64.0 19.1
113 113 National Bank of Kuwait Egypt 3,839 48 18.6 2.4 33.6 22.8
114 115 NBQ UAE 3,826 35 5.6 1.8 25.1 39.1
115 130 Absa Bank Mauritius 3,812 6 2.6 0.3 60.8 18.3*
116 132 Absa Bank Kenya 3,677 6 2.7 0.3 48.6 16.5
117 139 Capital Bank of Jordan Jordan 3,661 20 8.0 1.2 44.9 17.6
118 123 Bank of Jordan Jordan 3,659 9 3.0 0.5 52.2 19.2
119 122 Diamond Trust Bank Kenya 3,643 25 7.9 1.4 49.0 21.6*
120 137 Stanbic Holdings Kenya 3,392 25 10.4 1.5 45.7 17.9
121 134 Sterling Bank Nigeria 3,340 14 9.0 0.9 73.2 15.6
122 - Housing and Development Bank Egypt 3,287 67 27.2 4.0 35.9 21.6
123 135 Credit Agricole Egypt 3,189 44 21.4 2.7 36.7 19.5
124 138 Standard Chartered Kenya 3,070 31 13.0 2.1 51.2 18.4
125 141 Suez Canal Bank Egypt 3,062 14 13.4 0.9 42.8 14.6
126 121 Invest Bank UAE 3,040 -37 -23.2 -2.4 75.4 11.9
127 136 AJIB Jordan 2,854 10 6.7 0.7 54.3 15.5
128 - BLOM Bank Egypt 2,767 27 19.9 1.9 30.2 21.6
129 142 I&M Bank Kenya 2,757 33 14.2 2.4 41.2 21.5
130 146 Bank Nizwa Oman 2,755 15 7.8 1.1 48.7 13.2
131 147 Khaleeji Commercial Bank Bahrain 2,548 15 9.8 1.2 49.0 21.4
132 148 GCB Bank Ghana 2,483 33 19.8 2.9 64.3 19.1
133 149 Ecobank Ghana 2,444 45 26.5 3.7 42.5 18.3*
134 161 Safwa Islamic Bank Jordan 2,377 7 6.9 0.6 51.9 21.0
135 162 Al Ahli Bank of Kuwait Egypt 2,331 23 20.2 2.0 39.3 16.3
136 - Eskan Bank Bahrain 2,323 28 6.8 2.4 22.1 166.8
137 144 Societe Generale Jordan 2,140 4 4.0 0.3 55.3 16.4
138 164 Wema Bank Nigeria 2,129 4 5.4 0.4 87.6 13.6*
139 155 Absa Bank Ghana 2,050 37 23.9 3.6 38.8 22.3
140 154 Jordan Commercial Bank Jordan 2,013 -1 -1.1 -0.1 68.2 11.2
141 - Consolidated Bank Ghana 1,951 1.0 2.3 0.1 86.5 20.7
142 165 Stanbic Bank Ghana 1,821 28 21.9 3.2 52.3 19.3
143 163 Fidelity Bank Ghana 1,773 27 32.1 2.8 49.2 18.4
144 158 InvestBank Jordan 1,618 8 6.2 0.9 51.5 16.9
145 - Investec Bank Mauritius 1,611 12 6.1 1.5 28.0 31.6
146 - African Bank South Africa 1,605 -7 -2.1 -0.8 45.4 40.1
147 159 Arab Banking Corporation Jordan 1,605 2 1.4 0.2 62.0 19.5
148 168 Bank One Mauritius 1,565 -11 -24.7 -1.4 48.4 17.1
149 166 Standard Chartered Ghana 1,454 37 32.6 5.1 36.1 30.6
150 167 Bank of Baroda Kenya 1,411 19 16.0 2.6 18.7 32.3
151 171 CalBank Ghana 1,242 15 16.0 2.3 47.1 22.7
152 169 Zenith Bank Ghana 1,154 30 28.3 5.3 39.7 36.9
153 189 Unity Bank Nigeria 1,151 3 n.m. 0.6 88.2 n.a.
154 172 Alubaf Bank Bahrain 1,134 12 7.8 2.2 41.2 55.0
155 170 National Bank of Kenya Kenya 1,119 -4 -3.3 -0.3 86.0 10.5
156 176 Prime Bank Kenya 1,068 12 10.0 2.2 51.6 40.8
157 174 Sasfin Holdings South Africa 1,038 6 9.6 1.2 74.3 17.1
158 184 Access Bank Ghana 968 24 31.0 5.3 34.8 30.5
159 180 Citibank Kenya 968 17 17.3 3.5 37.0 26.0
160 178 SBI Mauritius 952 4 4.9 0.8 43.1 25.1
161 185 Societe Generale Ghana 887 12 15.7 2.8 58.7 17.7
162 - United Gulf Bank Bahrain 879 -16 -9.8 -3.5 239.8 17.7
163 - Agricultural Development Bank Ghana 847 6 7.7 1.3 82.8 13.6
164 192 Ecobank Kenya 846 1 1.8 0.2 86.5 15.4
165 182 MauBank Mauritius 836 0 0.7 0.1 93.1 13.6
166 - CFG Bank Morocco 833 -2 -6.5 -0.6 97.2 n.a.
167 188 Family Bank Kenya 816 6 9.9 1.5 69.2 18.0
168 179 Grindrod Bank South Africa 794 n.a. 5.9* 0.6* 72.8* 8.6
169 187 Bidvest Bank South Africa 770 n.a. 11.3* 3.3* 74.9* 21.3
170 186 SBM Bank Kenya 748 1 2.5 0.3 82.6 16.5
171 - Qatar First Bank Qatar 699 -56 -66.2 -14.8 n.m. 11.6*
172 - First Energy Bank Bahrain 682 -113 -41.9 -29.2 117.1 63.9
173 194 Prudential Bank Ghana 657 4 7.6 1.5 67.2 18.4
174 197 Guaranty Trust Bank Ghana 622 24 31.4 8.3 27.5 42.6
175 191 BCP Bank Mauritius 618 -5 -15.0 -1.5 95.2 13.7*
176 183 United Bank for Africa Ghana 587 17 21.2 4.8 31.1 21.6
177 - Universal Merchant Bank Ghana 569 3 7.1 1.1 78.2 20.4
178 193 ABC Banking Corporation Mauritius 506 4 17.4 1.8 46.6 17.0
179 198 First Atlantic Bank Ghana 484 6 14.0 2.7 58.8 30.0
180 - Jaiz Bank Nigeria 482 3 15.1 1.3 67.9 16.4*
181 195 Bank of Africa Kenya 480 -2 -8.8 -0.7 94.1 8.4
182 196 Albaraka Bank South Africa 460 1 6.1 0.6 76.0 16.0
183 199 Guaranty Trust Bank Kenya 400 4 9.8 2.0 56.5 26.1
184 - Bank of Africa Ghana 365 6 10.8 3.2 48.2 36.3
185 - First National Bank Ghana 361 1 2.8 1.0 80.8 51.4
186 - Sidian Bank Kenya 340 -1 -4.2 -0.6 95.6 16.5
187 - Victoria Commercial Bank Kenya 335 2 6.3 1.1 52.3 21.0
188 - Gulf African Bank Kenya 319 1 3.1 0.4 84.2 17.9
189 - African Banking Corporation Kenya 287 0 2.2 0.3 88.7 14.5
190 - FBNBank Ghana 280 4 10.2 3.7 49.1 34.8
191 - Credit Bank Kenya 216 1 4.9 0.7 80.7 14.5
192 - United Bank for Africa Kenya 179 2 16.1 2.1 47.3 27.6
193 - First Community Bank Kenya 175 0 2.6 0.2 95.9 7.6
194 - Guardian Bank Kenya 157 1 10.1 1.6 64.3 21.1
195 - Banco Sabadell Morocco 123 1 3.6 1.4 51.2 n.a.
196 - M Oriental Bank Kenya 116 0 0.9 0.2 82.8 34.4
197 - Consolidated Bank Kenya 115 -2 -18.3 -3.0 106.6 11.4
198 - Access Bank Kenya 98 -1 -5.8 -1.1 105.5 21.3
199 - Middle East Bank Kenya 96 0 6.0 0.8 72.7 27.4
200 - CIIB Bahrain 34 1 7 4 61 66.2

Notes:

(1) n.a.: not available; n.m.: not meaningful

(2) * FY2019 data. # 2H FY2019 data

Source: TABInsights, S&P Global Market Intelligence

Largest banks in the Middle East and Africa in 2019

The Middle East and Africa 200 (MEA200) 2019 is an evaluation of the 200 largest commercial banks and financial holding companies (banks) in the Middle East and Africa for the financial year (FY) 2018, with a March 2019 cutoff. This year, the evaluation covers banks from 16 countries, namely Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, the United Arab Emirates (UAE), Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria and South Africa.

Qatar National Bank, First Abu Dhabi Bank and Standard Bank Group remained as the top three largest banks in the Middle East and Africa. The combined total assets of the banks under the MEA200 evaluation increased by 1.6% year-on-year to $3.54 trillion in FY2018 from FY2017 and the combined total net profits were up by 5.9% to $56.4 billion. Egypt and the UAE have the highest representation in the MEA list, with 20 banks coming from each of the two countries. Meanwhile, the UAE and Saudi Arabia hold the highest combined bank assets. The combined assets of banks in the UAE and Saudi Arabia, South Africa and Qatar on the list accounted for 60.2% of total assets in the Middle East and Africa.

MEA 200 Rank 2019 MEA 200 Rank 2018 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Qatar National Bank Qatar 236,815 3,813 18.0 1.6 26.6 19.0
2 2 First Abu Dhabi Bank UAE 202,528 3,285 12.3 1.7 25.9 15.7
3 3 Standard Bank South Africa 147,839 2,269 16.8 2.0 59.8 14.9
4 4 Emirates NBD Bank UAE 136,222 2,734 16.7 2.1 32.0 20.9
5 5 National Commercial Bank Saudi Arabia 120,859 2,887 16.8 2.4 34.1 20.6
6 7 FirstRand South Africa 111,746 2,052 22.7 2.0 52.4 14.2
7 8 Al Rajhi Bank Saudi Arabia 97,298 2,745 19.9 2.9 31.6 20.2
8 9 National Bank of Kuwait Kuwait 90,316 1,297 11.1 1.5 31.1 17.2
9 6 Absa Group South Africa 89,577 1,061 12.7 1.2 63.1 14.6
10 11 National Bank of Egypt Egypt 86,317 565 11.3 0.7 37.4 14.3
11 12 Abu Dhabi Commercial Bank UAE 76,186 1,318 15.5 1.8 33.5 17.3
12 10 Nedbank South Africa 72,559 982 15.7 1.6 58.9 14.2
13 13 Samba Financial Group Saudi Arabia 61,294 1,474 12.8 2.4 30.3 22.7
14 14 Riyad Bank Saudi Arabia 61,284 1,257 12.8 2.1 37.1 18.1
15 16 Dubai Islamic Bank UAE 60,899 1,362 16.2 2.3 28.3 17.5
16 15 Kuwait Finance House Kuwait 58,515 868 13.1 1.5 39.3 17.5
17 18 Attijariwafa Bank Morocco 53,317 704 14.3 1.4 48.0 13.0
18 17 Banque Saudi Fransi Saudi Arabia 50,701 882 10.4 1.8 33.9 19.8
19 23 Banque Misr Egypt 49,436 227 6.3 0.5 36.6 15.3
20 20 Arab Bank Jordan 49,163 821 9.9 1.7 25.2 15.6
21 21 Arab National Bank Saudi Arabia 47,526 883 13.0 1.9 34.2 18.1
22 22 Bank Audi Lebanon 47,161 500 12.4 1.1 46.3 18.9
23 19 SABB Saudi Arabia 46,533 1,314 15.1 2.7 30.3 21.3
24 24 Qatar Islamic Bank Qatar 42,088 725 13.1 1.7 25.7 18.8
25 25 Banque Centrale Populaire Morocco 41,466 370 8.9 0.9 56.5 n.a.
26 28 Mashreqbank UAE 38,097 562 10.2 1.6 44.1 16.5
27 26 Commercial Bank Qatar 37,099 457 8.4 1.2 31.9 15.5
28 32 BLOM Bank Lebanon 36,709 511 16.5 1.5 37.3 20.1
29 27 HSBC Bank Middle East UAE 35,529 541 12.2 1.5 54.2 18.2
30 31 Ahli United Bank Bahrain 35,508 752 15.9 2.2 27.1 16.9
31 29 Abu Dhabi Islamic Bank UAE 34,085 681 15.2 2.0 45.8 17.2
32 33 Alinma Bank Saudi Arabia 32,398 671 12.5 2.1 38.3 21.1
33 36 Bank Muscat Oman 31,923 467 9.7 1.6 42.6 19.2
34 30 BMCE Morocco 30,902 294 11.6 0.9 58.8 12.6
35 34 Arab Banking Corporation Bahrain 29,549 248 5.8 0.9 58.0 18.2
36 40 Gulf International Bank Bahrain 27,546 -227 -9.7 -0.8 71.4 14.5
37 37 Masraf Al Rayan Qatar 26,723 588 16.8 2.1 24.0 19.2
38 39 Doha Bank Qatar 26,404 228 6.4 0.9 36.0 17.0
39 42 Saudi Investment Bank Saudi Arabia 25,609 389 10.2 1.5 39.9 16.5
40 45 Byblos Bank Lebanon 24,985 164 8.8 0.7 54.1 18.2
41 43 Burgan Bank Kuwait 24,077 276 9.4 1.2 44.8 17.4
42 41 Al Baraka Banking Group Bahrain 23,809 217 9.4 0.9 54.7 17.0
43 46 Fransabank Lebanon 23,589 174 8.0 0.8 55.0 16.3
44 48 Commercial Bank of Dubai UAE 20,175 316 13.3 1.6 31.5 14.6
45 49 Gulf Bank Kuwait 19,811 187 9.4 1.0 34.5 17.5
46 52 Bank AlBilad Saudi Arabia 19,629 296 14.3 1.6 53.7 17.3
47 51 Bank AlJazira Saudi Arabia 19,460 267 9.6 1.4 59.6 27.5
48 54 Commercial International Bank Egypt 19,123 535 32.5 3.0 21.2 19.1
49 53 BankMed Lebanon 19,014 31 2.2 0.2 87.2 17.2
50 50 Bank of Beirut Lebanon 18,861 207 8.8 1.1 48.0 16.9
51 56 Zenith Bank Nigeria 16,333 530 25.4 3.5 47.4 27.6
52 58 FBN Holdings Nigeria 15,270 164 9.1 1.1 63.0 10.7
53 60 Banque Libano-Francaise Lebanon 15,072 121 9.4 0.8 48.1 15.6
54 59 Al Ahli Bank of Kuwait Kuwait 14,977 139 7.0 0.9 38.9 19.2
55 57 Commercial Bank of Kuwait Kuwait 14,711 210 9.4 1.5 31.3 18.7
56 63 QNB ALAHLI Egypt 14,434 402 28.8 3.0 22.2 16.7
57 61 RAKBANK UAE 14,344 250 13.3 1.8 38.9 17.2
58 55 Al Khalij Commercial Bank Qatar 14,311 167 9.3 1.1 28.8 16.9
59 67 Noor Bank UAE 13,809 164 10.1 1.3 37.4 16.2
60 62 QIIB Qatar 13,805 242 13.5 1.8 26.9 16.4
61 70 Access Bank Nigeria 13,586 260 20.1 2.1 62.6 20.8
62 71 United Bank for Africa Nigeria 13,355 216 15.3 1.8 63.9 23.6
63 65 Ahli United Bank Kuwait 12,887 169 10.6 1.4 30.6 16.6
64 68 Credit Libanais Lebanon 12,443 83 9.6 0.7 57.7 16.6
65 - Barwa Bank Qatar 12,185 210 11.4 1.6 39.3 16.7
66 75 Sharjah Islamic Bank UAE 12,182 139 9.7 1.2 52.9 17.7
67 69 Housing Bank Jordan 11,698 133 8.8 1.2 44.5 16.1
68 66 AAIB Egypt 11,506 264 14.9 2.2 21.6 n.a.
69 74 Credit Agricole Morocco 11,218 65 8.1 0.6 57.8 14.1
70 73 Ahli Bank Qatar 11,097 183 12.7 1.7 28.1 18.2
71 72 Bank Dhofar Oman 10,946 131 8.3 1.2 50.2 17.3
72 77 National Bank of Fujairah UAE 10,831 168 12.6 1.6 33.2 15.2
73 78 Societe Generale Morocco 10,723 120 10.2 1.2 51.0 n.a.
74 80 Mauritius Commercial Bank Mauritius 10,070 194 16.3 2.0 36.1 n.a.
75 76 BBK Bahrain 9,500 180 13.9 1.9 35.8 19.6
76 82 National Bank of Oman Oman 9,282 131 9.6 1.4 47.9 16.3
77 79 Guaranty Trust Bank Nigeria 9,015 506 34.1 5.3 36.5 28.1
78 85 National Bank of Bahrain Bahrain 8,476 186 15.8 2.3 35.6 33.8
79 - Ithmaar Bank Bahrain 8,296 38 9.4 0.5 83.7 13.4
80 - BBAC bank Lebanon 8,079 52 8.3 0.7 56.9 16.1
81 86 Sohar International Bank Oman 7,914 76 7.6 1.0 42.3 15.0
82 84 Bank of Sharjah UAE 7,898 35 3.2 0.4 44.8 14.3
83 89 BMCI Morocco 7,247 59 7.4 0.8 58.6 13.7
84 - Warba Bank Kuwait 7,221 42 6.7 0.7 38.3 24.3
85 87 Capitec Bank South Africa 7,143 377 26.1 5.7 39.4 33.9
86 90 Kuwait International Bank Kuwait 7,141 69 7.9 1.0 54.0 16.6
87 91 KCB Group Kenya 7,013 236 23.2 3.6 48.3 19.5
88 94 CIH Bank Morocco 6,791 43 8.1 0.7 59.9 16.2
89 95 Commercial Bank International UAE 6,191 61 9.6 1.1 44.3 14.1
90 99 Ajman Bank UAE 6,165 46 8.4 0.8 47.6 16.9
91 92 HSBC Bank Oman 6,133 81 9.6 1.3 57.5 19.4
92 98 Oman Arab Bank Oman 6,050 78 9.7 1.3 53.6 16.5
93 101 Ahli Bank Oman 5,950 75 9.4 1.3 37.4 17.5
94 93 Jordan Islamic Bank Jordan 5,864 70 12.3 1.2 48.5 22.8
95 97 Credit du Maroc Morocco 5,844 62 12.2 1.1 58.3 15.0
96 102 Al Masraf UAE 5,788 131 12.3 2.5 32.9 20.7
97 - HSBC Bank Egypt 5,638 269 40.7 5.1 23.8 15.3
98 103 Equity Group Kenya 5,629 195 22.5 3.6 50.2 19.1
99 96 United Arab Bank UAE 5,584 21 3.1 0.4 50.7 15.8
100 - Lebanon & Gulf Bank Lebanon 5,576 27 6.6 0.5 55.5 15.7
101 105 Bank al Etihad Jordan 5,452 58 9.1 1.1 49.0 14.1
102 108 Faisal Islamic Bank Egypt 5,383 141 22.3 2.8 47.0 17.0
103 104 Ecobank Nigeria 5,366 74 11.3 1.5 60.7 14.3
104 100 SBM Bank Mauritius 5,345 16 3.0 0.3 34.7 15.1
105 112 Bank of Alexandria Egypt 5,312 169 32.6 3.5 37.7 21.2
106 107 First National Bank Lebanon 5,192 37 8.4 0.7 60.0 13.8
107 120 Fidelity Bank Nigeria 4,717 63 12.2 1.5 71.1 16.7
108 110 SAIB Egypt 4,537 -8 -2.4 -0.2 62.2 14.3
109 114 Al Salam Bank Bahrain 4,536 49 6.2 1.1 48.8 20.6
110 121 Stanbic IBTC Bank Nigeria 4,386 139 32.7 3.5 60.6 21.8
111 - CreditBank Lebanon 4,239 23 5.6 0.6 56.9 n.a.
112 117 Cairo Amman Bank Jordan 4,137 42 8.7 1.0 72.4 15.2
113 126 National Bank of Kuwait Egypt 4,104 112 36.7 3.0 23.9 18.0
114 115 Union Bank Nigeria 4,014 50 6.3 1.2 86.7 16.4
115 119 NBQ UAE 3,993 111 9.6 2.8 21.8 36.7
116 124 Kuwait Finance House Bahrain 3,991 49 10.5 1.3 61.2 21.0
117 127 FCMB Group Nigeria 3,925 41 8.3 1.2 70.9 14.0
118 118 Jordan Ahli Bank Jordan 3,923 30 7.1 0.8 70.4 14.7
119 116 Jordan Kuwait Bank Jordan 3,836 59 9.6 1.5 51.1 17.1
120 131 Bank Audi Egypt 3,819 71 20.7 2.1 31.3 n.a.
121 111 Invest Bank UAE 3,819 -401 -89.6 -9.5 56.2 6.2
122 123 Diamond Trust Bank Kenya 3,708 70 12.7 1.9 47.7 22.3
123 122 Bank of Jordan Jordan 3,691 58 9.8 1.6 50.1 16.8
124 136 Al Baraka Bank Egypt 3,491 56 34.7 1.8 22.1 15.9
125 135 AfrAsia Bank Mauritius 3,485 22 11.9 0.7 33.3 14.1
126 130 Egyptian Gulf Bank Egypt 3,441 31 15.8 0.9 41.1 15.4
127 113 HSBC Bank Mauritius 3,426 53 15.4 1.2 22.2 23.0
128 128 Bahrain Islamic Bank Bahrain 3,396 30 10.0 0.9 61.3 17.1
129 125 Standard Chartered Nigeria 3,337 105 18.8 3.1 49.6 22.9
130 129 Barclays Bank Mauritius 3,230 66 14.9 2.0 46.4 22.9
131 133 Emirates NBD Egypt 3,197 68 24.9 2.2 43.8 16.3
132 139 Barclays Bank Kenya 3,189 73 17.3 2.4 54.2 16.4
133 142 Saradar Bank Lebanon 3,187 2 0.6 0.1 94.7 13.4
134 134 Sterling Bank Nigeria 3,025 25 9.1 0.9 82.9 13.3
135 141 Credit Agricole Egypt 2,991 123 41.8 4.4 28.4 20.3
136 140 AJIB Jordan 2,866 24 7.8 0.9 56.1 15.9
137 144 Stanbic Holdings Kenya 2,853 62 14.3 2.3 50.2 17.4
138 138 Standard Chartered Kenya 2,802 80 17.6 2.8 52.5 19.5
139 137 Capital Bank of Jordan Jordan 2,769 43 9.1 1.6 51.6 16.2
140 149 Abu Dhabi Islamic Bank Egypt 2,759 47 31.5 1.9 39.0 11.7
141 147 Suez Canal Bank Egypt 2,647 23.5 15.7 1.0 50.2 12.1
142 - I&M Bank Kenya 2,441 65 17.7 2.9 33.4 17.9
143 145 Commercial Bank of Africa Kenya 2,406 49 16.7 2.1 51.4 15.7
144 155 Societe Generale Jordan 2,401 12 6.5 0.6 56.6 15.5
145 143 Standard Chartered Mauritius 2,345 51 15.8 2.1 41.2 n.a.
146 156 Bank Nizwa Oman 2,266 20 5.6 1.0 61.5 16.2
147 150 Khaleeji Commercial Bank Bahrain 2,257 2 0.6 0.1 64.3 16.2
148 - GCB Bank Ghana 2,187 67 25.0 3.3 60.4 24.7
149 151 Ecobank Ghana 2,133 69 29.3 3.5 51.5 20.7
150 152 NIC Group Kenya 2,046 42 12.7 2.1 43.1 21.2
151 157 Banque Bemo Lebanon 2,022 19 10.8 1.0 54.3 18.0
152 159 Citibank Nigeria 1,998 83 33.8 4.6 34.2 30.2
153 - Cedrus Invest Bank Lebanon 1,958 43 12.6 2.6 34.7 36.9
154 153 Jordan Commercial Bank Jordan 1,908 7 3.8 0.4 75.9 11.5
155 165 Barclays Bank Ghana 1,835 79 32.6 5.2 38.4 22.3
156 160 Union National Bank Egypt 1,808 15 11.8 0.9 32.8 15.5
157 162 Alizz Islamic Bank Oman 1,774 5 2.6 0.3 83.1 15.3
158 161 Invest Bank Jordan 1,624 23 9.1 1.4 58.1 15.6
159 - Arab Banking Corporation Jordan 1,615 14 6.2 0.8 70.0 19.6
160 166 Standard Bank Mauritius 1,587 26 24.7 1.8 39.4 25.0
161 163 Safwa Islamic Bank Jordan 1,581 12 6.0 0.8 64.9 25.5
162 168 Al Ahli Bank of Kuwait Egypt 1,580 31 21.2 2.1 48.5 14.7
163 167 Fidelity Bank Ghana 1,436 35 28.2 2.7 56.2 24.3
164 171 Wema Bank Nigeria 1,340 9 6.5 0.7 79.7 18.0
165 169 Stanbic Bank Ghana 1,266 46 22.9 3.7 53.1 20.7
166 172 Standard Chartered Ghana 1,216 43 20.8 3.8 40.2 28.6
167 179 Bank of Baroda Kenya 1,208 39 21.6 3.5 19.1 36.1
168 178 Bank One Mauritius 1,162 11 15.0 1.2 44.6 13.0
169 174 Zenith Bank Ghana 1,137 38 22.8 3.3 40.7 34.7
170 - National Bank of Kenya Kenya 1,128 0 0.1 0.0 74.7 3.7
171 177 CalBank Ghana 1,106 31 20.9 3.2 44.2 22.0
172 - Alubaf Bank Bahrain 1,105 15 5.1 1.3 39.4 42.8
173 - Emirates Investment Bank UAE 1,094 11 7.2 0.8 71.3 21.6
174 175 Sasfin Holdings South Africa 1,044 10 7.8 1.0 70.7 16.2
175 173 Mercantile Bank South Africa 1,032 17 10.3 1.8 59.5 18.9
176 181 Prime Bank Kenya 983 22 11.6 2.6 54.6 37.3
177 182 Al Salam Bank Algeria 928 20 13.7 2.5 36.3 n.a.
178 170 SBI Mauritius 896 16 10.8 1.6 29.8 26.8
179 164 Grindrod Bank South Africa 872 13 14.4 1.3 56.8 n.a.
180 176 Citibank Kenya 841 31 16.1 3.4 36.6 27.6
181 180 Arab Banking Corporation Egypt 805 12 12.4 1.6 52.6 23.6
182 - MauBank Mauritius 759 0 0.4 0.1 85.7 16.9
183 187 United Bank for Africa Ghana 727 31 25.4 4.5 27.8 28.1
184 183 Access Bank Ghana 722 10 9.0 1.5 52.9 20.4
185 189 Societe Generale Ghana 700 13 11.6 2.0 59.4 21.6
186 - SBM Bank Kenya 694 13 31.1 3.2 180.5 24.3
187 190 Bidvest Bank South Africa 672 22 11.6 3.6 76.1 20.6
188 185 Family Bank Kenya 658 2 2.1 0.4 77.5 20.4
189 - Unity Bank Nigeria 647 4 n.a. 0.6 92.6 -198.6
190 197 Republic Bank Ghana 587 6 8.3 1.2 67.6 34.4
191 - BCP Bank Mauritius 555 -3 -4.1 -0.5 86.3 14.2
192 192 Ecobank Kenya 535 1 1.1 0.1 90.6 16.6
193 198 ABC Banking Corporation Mauritius 489 7 17.1 1.5 46.2 15.2
194 194 Prudential Bank Ghana 488 2 4.4 0.5 79.5 13.2
195 191 Bank of Africa Kenya 482 2 2.7 0.4 97.8 16.0
196 195 Albaraka Bank South Africa 475 5 9.5 1.0 73.0 16.2
197 199 Guaranty Trust Bank Ghana 466 31 36.8 7.1 39.0 52.8
198 - First Atlantic Bank Ghana 377 4 6.3 1.2 73.7 24.2
199 - Guaranty Trust Bank Kenya 373 1 1.2 0.2 79.5 26.0
200 200 HBZ Bank South Africa 371 6 20 2 58 14.4

Note: n.a.: not available.

Source: TABInsights, S&P Global Market Intelligence

Largest banks in the Middle East and Africa in 2018

The Middle East and Africa 200 (MEA200) 2018 is an evaluation of the 200 largest commercial banks and financial holding companies (banks) in the Middle East and Africa for the financial year (FY) 2017, with a March 2018 cutoff. The evaluation has been expanded to 200 banks from the previous 100, which brought four new countries under the microscope. With the addition of 100 more banks, the accumulated total assets of the banks in the evaluation increased to $3.48 trillion from $2.52 trillion in the previous year. The study covers 16 countries, namely Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the UAE in the Middle East and Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria and South Africa in Africa.

Qatar National Bank remained the largest bank in the Middle East and Africa, while First Abu Dhabi Bank replaced Standard Bank Group to become the second largest bank in the region after the successful completion of a merger between National Bank of Abu Dhabi and First Gulf Bank on 1 April 2017. Egypt and the UAE are the countries with the largest number of banks on the list, at 23 and 21, respectively. Besides the new countries, Jordan, Bahrain, the UAE and South Africa saw the largest gains in the number of banks in the ranking.

MEA 200 Rank 2018 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 Qatar National Bank Qatar 222,805 3,610 17.7 1.7 29.7 16.5
2 First Abu Dhabi Bank UAE 182,121 2,496 12.2 1.9 27.1 17.9
3 Standard Bank South Africa 163,892 2,482 16.6 2.0 58.5 14.8
4 Emirates NBD UAE 128,055 2,272 15.0 1.8 31.2 21.2
5 National Commercial Bank Saudi Arabia 118,356 2,657 16.1 2.2 35.2 20.0
6 Barclays Africa Group South Africa 94,231 1,219 13.6 1.3 61.1 15.1
7 FirstRand South Africa 93,022 1,997 23.2 2.2 51.6 15.3
8 Al Rajhi Bank Saudi Arabia 91,492 2,432 17.2 2.7 32.9 23.3
9 National Bank of Kuwait Kuwait 86,239 1,134 10.0 1.4 32.3 17.8
10 Nedbank South Africa 79,469 994 14.5 1.5 60.7 14.4
11 National Bank of Egypt Egypt 75,307 741 21.6 1.3 25.8 12.0
12 Abu Dhabi Commercial Bank UAE 72,145 1,165 13.9 1.6 33.1 19.1
13 Samba Financial Group Saudi Arabia 60,675 1,340 11.5 2.2 32.7 21.1
14 Riyad Bank Saudi Arabia 57,671 1,052 10.6 1.8 36.5 19.6
15 Kuwait Finance House Kuwait 57,498 709 10.5 1.3 42.9 17.8
16 Dubai Islamic Bank UAE 56,446 1,226 16.5 2.3 30.4 17.2
17 Banque Saudi Fransi Saudi Arabia 51,444 942 11.3 1.8 36.8 19.4
18 Attijariwafa Bank Morocco 50,901 705 13.7 1.5 45.9 12.4
19 SABB Saudi Arabia 50,027 1,054 12.2 2.2 30.4 21.0
20 Arab Bank Jordan 48,164 533 6.4 1.1 47.2 15.0
21 Arab National Bank Saudi Arabia 45,784 809 12.4 1.8 34.6 17.6
22 Bank Audi Lebanon 43,708 558 14.6 1.3 51.2 16.9
23 Banque Misr Egypt 43,430 451 17.9 1.3 28.3 15.1
24 Qatar Islamic Bank Qatar 41,308 618 11.2 1.5 26.6 17.3
25 Banque Centrale Populaire Morocco 41,043 365 8.1 0.9 53.5 n.a.
26 Commercial Bank Qatar 38,032 166 2.9 0.5 36.0 16.1
27 HSBC Bank Middle East UAE 35,671 545 12.9 1.5 55.2 17.6
28 Mashreqbank UAE 34,082 569 10.4 1.7 39.2 17.2
29 Abu Dhabi Islamic Bank UAE 33,561 626 14.4 1.9 44.6 16.7
30 BMCE Morocco 33,531 304 11.9 0.9 58.4 12.5
31 Ahli United Bank Bahrain 33,242 667 14.5 2.1 28.9 17.1
32 BLOM Bank Lebanon 32,512 485 17.0 1.6 34.0 18.1
33 Alinma Bank Saudi Arabia 30,598 536 10.2 1.8 40.0 20.5
34 Arab Banking Corporation Bahrain 29,499 253 5.8 0.9 53.2 18.7
35 Union National Bank UAE 29,271 451 8.8 1.6 31.3 19.4
36 Bank Muscat Oman 28,982 460 10.5 1.6 42.0 18.5
37 Masraf Al Rayan Qatar 28,280 561 16.2 2.1 21.1 19.3
38 Alawwal Bank Saudi Arabia 26,630 356 10.2 1.3 34.0 20.3
39 Doha Bank Qatar 25,683 305 7.8 1.2 37.8 17.5
40 Gulf International Bank Bahrain 25,471 70 2.9 0.3 66.8 15.6
41 Al Baraka Banking Group Bahrain 25,444 207 8.9 0.9 56.9 17.3
42 Saudi Investment Bank Saudi Arabia 25,011 376 10.2 1.5 39.5 20.4
43 Burgan Bank Kuwait 24,563 229 8.0 1.0 46.7 16.2
44 Banque Nationale D'Algerie Algeria 24,501 260 8.6 1.1 29.2 n.a.
45 Byblos Bank Lebanon 22,639 170 9.4 0.8 52.0 17.8
46 Fransabank Lebanon 22,036 179 8.4 0.8 52.6 15.4
47 Societe Generale Lebanon 21,529 221 12.5 1.1 43.3 15.8
48 Commercial Bank of Dubai UAE 19,170 273 11.6 1.5 34.1 15.2
49 Gulf Bank Kuwait 18,826 159 8.3 0.9 35.5 17.8
50 Bank of Beirut Lebanon 18,348 204 8.7 1.2 45.5 15.2
51 Bank AlJazira Saudi Arabia 18,209 229 10.2 1.3 56.6 20.9
52 Bank AlBilad Saudi Arabia 16,854 250 12.6 1.6 56.3 18.5
53 BankMed Lebanon 16,609 104 6.7 0.6 80.1 15.8
54 Commercial International Bank Egypt 16,575 424 30.8 2.7 22.0 18.0
55 Al Khalij Commercial Bank Qatar 15,901 151 7.7 0.9 27.6 16.7
56 Zenith Bank Nigeria 15,542 494 24.2 3.6 42.9 26.6
57 Commercial Bank of Kuwait Kuwait 14,557 184 9.0 1.3 75.2 18.6
58 FBN Holdings Nigeria 14,546 111 6.5 0.8 52.8 17.7
59 Al Ahli Bank of Kuwait Kuwait 14,448 118 6.4 0.8 38.0 17.2
60 Banque Libano-Francaise Lebanon 13,607 120 9.9 0.9 42.1 n.a.
61 RAKBANK UAE 13,214 221 10.6 1.8 38.0 20.7
62 QIIB Qatar 12,806 229 12.3 1.8 27.3 17.9
63 QNB ALAHLI Egypt 12,537 311 28.1 2.7 23.1 15.8
64 Al Hilal Bank UAE 12,193 38 2.6 0.3 57.2 16.1
65 Ahli United Bank Kuwait 12,142 147 9.8 1.2 32.1 18.0
66 AAIB Egypt 11,922 260 16.5 2.4 18.7 17.3
67 Noor Bank UAE 11,616 101 6.6 0.9 37.6 17.9
68 Credit Libanais Lebanon 11,551 81 10.0 0.7 52.2 15.2
69 Housing Bank Jordan 11,476 176 11.6 1.6 44.5 17.1
70 Access Bank Nigeria 11,395 172 12.8 1.7 62.3 20.1
71 United Bank for Africa Nigeria 11,304 218 16.1 2.1 57.7 20.2
72 Bank Dhofar Oman 11,039 124 8.9 1.2 46.2 15.4
73 Ahli Bank Qatar 10,956 176 12.7 1.7 30.6 16.9
74 Credit Agricole Morocco 10,428 63 8.1 0.6 52.9 n.a.
75 Sharjah Islamic Bank UAE 10,424 130 9.3 1.3 47.0 21.1
76 BBK Bahrain 9,982 157 12.3 1.6 37.8 20.0
77 National Bank of Fujairah UAE 9,979 128 10.0 1.3 33.7 17.5
78 Societe Generale Morocco 9,515 104 9.1 1.1 49.3 n.a.
79 Guaranty Trust Bank Nigeria 9,309 474 30.6 5.3 36.6 25.5
80 Mauritius Commercial Bank Mauritius 9,131 181 17.9 2.1 36.9 16.8
81 International Bank of Qatar Qatar 9,089 152 12.2 1.6 34.4 15.3
82 National Bank of Oman Oman 9,021 114 8.2 1.2 48.8 17.4
83 Ithmaar Holding Bahrain 8,611 -72 -12.1 -0.9 85.1 n.a.
84 Bank of Sharjah UAE 8,306 72 5.9 0.9 38.0 17.9
85 National Bank of Bahrain Bahrain 8,227 162 14.4 2.0 31.6 36.3
86 Bank Sohar Oman 7,390 66 8.0 1.0 45.6 16.2
87 Capitec Bank South Africa 7,217 380 25.5 5.7 35.8 35.7
88 IBL Bank Lebanon 7,173 102 18.8 1.5 27.1 30.2
89 BMCI Morocco 7,033 58 6.3 0.8 52.4 n.a.
90 Kuwait International Bank Kuwait 6,347 59 6.9 0.9 51.7 19.1
91 KCB Group Kenya 6,272 191 19.5 3.2 49.0 16.6
92 HSBC Bank Oman 6,067 50 6.1 0.8 64.2 16.9
93 Jordan Islamic Bank Jordan 5,937 76 15.3 1.3 51.2 23.0
94 CIH Bank Morocco 5,738 45 8.2 0.8 67.0 16.0
95 Commercial Bank International UAE 5,647 48 7.3 0.9 52.5 14.8
96 United Arab Bank UAE 5,646 5 0.8 0.1 54.7 13.2
97 Credit du Maroc Morocco 5,620 39 7.7 0.7 63.0 13.7
98 Oman Arab Bank Oman 5,560 69 9.1 1.3 58.4 15.7
99 Ajman Bank UAE 5,452 36 6.4 0.7 42.0 15.6
100 SBM Bank Mauritius 5,300 77 15.5 1.6 41.8 13.8
101 Ahli Bank Oman 5,237 69 10.7 1.4 35.3 16.7
102 Al Masraf UAE 5,176 99 9.2 2.0 32.0 22.4
103 Equity Group Kenya 5,087 183 22.1 3.8 49.5 20.1
104 Ecobank Nigeria 5,083 56 8.3 1.1 51.4 16.0
105 Bank al Etihad Jordan 5,036 49 8.3 1.0 52.8 14.7
106 Arab International Bank Egypt 4,924 55 5.8 1.2 37.8 12.3
107 First National Bank Lebanon 4,893 37 8.4 0.8 58.3 13.6
108 Faisal Islamic Bank Egypt 4,781 102 18.9 2.2 49.1 n.a.
109 Diamond Bank Nigeria 4,763 -25 -3.9 -0.5 66.2 16.7
110 SAIB Egypt 4,687 36 11.8 0.8 42.0 16.9
111 Invest Bank UAE 4,614 -76 -9.5 -1.7 25.2 15.9
112 Bank of Alexandria Egypt 4,369 156 36.7 4.0 33.1 18.9
113 HSBC Bank Mauritius 4,246 41 12.4 1.2 24.9 n.a.
114 Al Salam Bank Bahrain 4,216 48 5.6 1.1 38.5 21.4
115 Union Bank Nigeria 4,043 41 5.1 1.1 65.1 17.8
116 Jordan Kuwait Bank Jordan 3,992 38 5.8 1.0 47.5 18.7
117 Cairo Amman Bank Jordan 3,939 42 8.9 1.1 62.5 15.0
118 Jordan Ahli Bank Jordan 3,847 19 4.4 0.5 70.6 14.1
119 NBQ UAE 3,845 101 9.2 2.7 31.6 34.6
120 Fidelity Bank Nigeria 3,831 52 9.7 1.4 67.5 16.0
121 Stanbic IBTC Bank Nigeria 3,702 80 23.3 2.5 56.2 20.5
122 Bank of Jordan Jordan 3,616 64 11.0 1.9 41.2 19.1
123 Diamond Trust Bank Kenya 3,524 67 14.0 2.0 42.3 n.a.
124 Kuwait Finance House Bahrain 3,476 53 8.1 1.4 62.5 24.3
125 Standard Chartered Nigeria 3,343 185 40.7 6.0 30.9 25.6
126 National Bank of Kuwait Egypt 3,318 85 38.5 2.7 20.4 19.1
127 FCMB Group Nigeria 3,295 26 5.2 0.8 66.8 16.9
128 Bahrain Islamic Bank Bahrain 3,259 27 8.8 0.9 64.6 19.4
129 Barclays Bank Mauritius 3,219 55 12.4 1.7 47.0 23.1
130 Egyptian Gulf Bank Egypt 3,160 28 17.9 0.9 42.5 16.0
131 Bank Audi Egypt 3,147 57 20.4 1.8 35.2 16.6
132 Societe Generale Algeria 3,060 46 12.0 1.6 34.6 n.a.
133 Emirates NBD Egypt 2,982 66 31.9 2.4 38.5 15.3
134 Sterling Bank Nigeria 2,978 24 9.1 0.9 75.9 12.2
135 AfrAsia Bank Mauritius 2,947 23 15.0 0.9 30.5 12.7
136 Al Baraka Bank Egypt 2,827 41 32.1 1.6 24.1 15.4
137 Capital Bank of Jordan Jordan 2,820 39 8.1 1.4 40.6 15.1
138 Standard Chartered Kenya 2,771 67 15.4 2.4 48.0 18.5
139 Barclays Bank Kenya 2,634 67 16.2 2.6 55.5 18.0
140 AJII Jordan 2,591 24 7.9 0.9 54.0 16.0
141 Credit Agricole Egypt 2,559 110 44.2 4.2 27.9 18.3
142 Saradar Bank Lebanon 2,532 10 4.2 0.4 100.0 12.6
143 Standard Chartered Mauritius 2,504 24 8.3 0.9 42.3 n.a.
144 Stanbic Holdings Kenya 2,413 42 10.4 1.9 57.2 16.4
145 Commercial Bank of Africa Kenya 2,384 54 20.0 2.4 50.3 17.3
146 I&M Holdings Kenya 2,329 70 16.8 3.2 36.8 18.2
147 Suez Canal Bank Egypt 2,247 20 15.8 1.0 45.4 12.5
148 Gulf Bank Algeria 2,225 32 13.0 1.6 47.2 n.a.
149 Abu Dhabi Islamic Bank Egypt 2,104 36 32.4 1.8 44.8 14.1
150 Khaleeji Commercial Bank Bahrain 2,083 2 0.7 0.1 60.8 17.0
151 Ecobank Ghana 2,018 56 26.5 3.0 52.4 13.8
152 NIC Group Kenya 2,000 40 12.8 2.2 42.6 22.3
153 Jordan Commercial Bank Jordan 1,948 5 2.6 0.3 66.3 13.7
154 BLOM Bank Egypt 1,936 39 27.0 2.2 27.0 15.9
155 Societe Generale Jordan 1,906 11 5.9 0.6 48.2 19.4
156 Bank Nizwa Oman 1,813 10 3.0 0.6 73.3 17.3
157 Banque Bemo Lebanon 1,767 18 11.1 1.1 56.3 17.9
158 Fenicia Bank Lebanon 1,719 11 7.0 0.7 48.6 n.a.
159 Citibank Nigeria 1,657 89 39.6 5.3 29.2 29.5
160 Union National Bank Egypt 1,613 21 19.0 1.4 34.2 18.6
161 InvestBank Jordan 1,513 22 9.4 1.6 58.8 15.3
162 Alizz Islamic Bank Oman 1,479 -8 -3.8 -0.6 113.1 16.7
163 Safwa Islamic Bank Jordan 1,350 8 4.2 0.6 72.0 31.0
164 Grindrod Bank South Africa 1,348 15 16.6 1.2 51.9 13.7
165 Barclays Bank Ghana 1,320 86 40.8 6.6 36.0 20.5
166 Standard Bank Mauritius 1,281 21 24.7 1.5 41.0 32.0
167 Fidelity Bank Ghana 1,196 21 18.4 2.0 60.3 27.0
168 Al Ahli Bank of Kuwait Egypt 1,186 19 15.5 1.9 58.4 17.0
169 Stanbic Bank Ghana 1,167 48 27.1 4.2 46.3 23.4
170 SBI Mauritius 1,117 2 1.0 0.2 29.1 20.9
171 Wema Bank Nigeria 1,078 6 4.6 0.6 83.8 14.3
172 Standard Chartered Ghana 1,059 63 33.9 6.2 36.2 26.5
173 Mercantile Bank South Africa 1,036 16 8.9 1.6 63.2 18.2
174 Zenith Bank Ghana 1,036 38 26.6 4.5 39.3 25.0
175 Sasfin Holdings South Africa 964 15 11.9 1.7 70.9 16.7
176 Citibank Kenya 953 38 20.1 4.1 32.7 25.6
177 CalBank Ghana 937 34 25.8 3.9 40.8 21.9
178 Bank One Mauritius 935 11 16.4 1.4 57.1 12.9
179 Bank of Baroda Kenya 932 38 24.5 4.4 17.9 32.3
180 Arab Banking Corporation Egypt 764 15 16.6 1.9 45.5 17.6
181 Prime Bank Kenya 756 22 18.6 3.2 46.6 22.4
182 Al Salam Bank Algeria 743 10 7.2 1.7 45.6 n.a.
183 Access Bank Ghana 710 7 6.5 1.0 63.3 13.3
184 United Gulf Bank Bahrain 680 8 1.6 0.3 87.0 21.5
185 Family Bank Kenya 671 -10 -8.2 -1.4 106.5 20.4
186 Universal Merchant Bank Ghana 662 11 25.3 1.7 65.8 10.2
187 United Bank for Africa Ghana 657 49 44.4 7.9 33.1 28.0
188 Future Bank Bahrain 626 11 2.6 1.7 42.5 20.5
189 Societe Generale Ghana 619 20 23.4 3.5 57.0 16.7
190 Bidvest Bank South Africa 597 26 13.8 4.6 77.3 20.1
191 Bank of Africa Kenya 526 1 0.8 0.1 98.4 15.8
192 Ecobank Kenya 518 -11 -15.2 -2.4 88.4 16.0
193 Banque des Mascareignes Mauritius 518 5 7.5 0.8 92.9 13.6
194 Prudential Bank Ghana 485 -6 -11.2 -1.3 76.8 10.5
195 Albaraka Bank South Africa 475 4 7.9 0.9 73.4 14.7
196 Ubank South Africa 475 5 9.6 1.1 80.7 24.5
197 Republic Bank Ghana 466 10 26.5 2.4 74.6 23.1
198 ABC Banking Corporation Mauritius 458 6 16.6 1.3 44.6 15.4
199 Guaranty Trust Bank Ghana 416 20 29.0 5.0 45.3 29.2
200 HBZ Bank South Africa 393 7 21.3 1.9 55.8 13.4

Note: n.a.: not available.

Source: TABInsights, S&P Global Market Intelligence

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