Check out the top 30 banks in MEA based on asset-size
1 view

Qatar National Bank continues to be largest bank in MEA: S&P

It is also the 100th biggest bank globally.

With over $286.35b in assets as of 31 March, Qatar National Bank (QPSC) remained the largest bank by assets in the Middle East and Africa for the sixth consecutive, according to S&P Global Market Intelligence’s latest regional rankings. This is over $20b more than the second biggest bank in the region, the United Arab Emirates-based First Abu Dhabi Bank PJSC.

But despite its humongous size in regards to the rest of lenders in the region, QPSC is only the 100th biggest bank by asset-size globally in 2021—dropping four places from its 96th place finish in the previous ranking.

UAE-based Emirates NBD Bank PJSC, Israel's Bank Leumi le-Israel B.M. and South Africa's Standard Bank Group rounded up the top five in that order, respectively.

In terms of quantity, Israel and Saudi Arabia have the highest number of banks in the top 30, with five  each, followed by South Africa and the UAE with four banks each.

Bank Hapoalim B.M. rose one place to sixth, whilst Saudi Arabia's highest-placing bank, The Saudi National Bank, placed at seventh.
Rounding up the top 10 is the National Bank of Egypt, with assets of $125b as at June 30, 2020, rose to 10th from 15th.

Israeli banks also notedly saw their asset-size expand, with the Mizrahi Tefahot Bank—which completed the acquisition of Union Bank of Israel in September 2020—moving up by three places to the 11th spot. Meanwhile, Israel Discount Bank moved up three places to 16th.

Zimbabwe-based CBZ Holdings, Israel-based F.I.B.I. Holdings, Iran-based  Bank Sepah and Qatar's Qatar Islamic Bank QPSC were new entrants in this year's  ranking, at the 17th, 26th, 28th and 30th spots, respectively.

Photo courtesy of Trinidade (Wikimedia Commons)

Top 30 Banks in Middle East & Africa by assets (S&P Market Intelligence)

Top 30 Banks from Middle East, Africa by assets: S&P (2)

Get Asian Banking & Finance - The Latest News, Headlines, Insight, Commentary & Analysis in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Shares were priced at the top end, at KRW39,000 ($34).
In January, 1.2 million transactions were carried out via the SGQR.
Its launch will require legal changes to the nation’s foreign exchange and IT rules.
But less than half of consumers are impressed with the digital financial services currently offered.
Treasury teams can mobilize liquidity and fund intraday payments in real-time.
Customers have the option to pay their tax balances in full or partially.
About 750 new accounts have been opened in four APAC markets through the new portal.
UnionDigital will be a wholly-owned subsidiary of the Philippine lender.
SmartStream’s Peter Hainz and Amazon Web Services’ Anna Green shared their insights on the advantages of on-demand and highly scalable cloud environments for banks and other financial institutions, as well as the factors hindering its adoption in the region.
This August, the Asian Banking & Finance and SAP will provide insights on the evolving landscape for ESG in financial services.
Thirteen lenders noted that demand was moderately weaker than the preceding 3-month period.
Investors will likely seek signs that private lenders will be able to step up lending once COVID subsides.
It opens up new revenue models and lowers the cost-to-serve.
Bypassing credit cards, the payment instalment options prove to be attractive.
More banks and institutions are exploring its use for payments and cross-border transfers.