|Banco do Brasil||Banco Bradesco||Banco Safra||CEF (CAIXA)||Santander||Votorantim|
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- Banco Bradesco – One of the country's largest banks along with Banco do Brasil, Itau Unibanco and BNDES. It was the largest private bank in Brazil until Banco Itaú and Unibanco merged in 2008. As of June 23, 2014, it had a market cap of US$64.5 billion.
- Banco do Brazil – The largest bank in Brazil and Latin America with total assets of about US$607 billion (March 31, 2014). It also has the largest ATM network in Latin America, with over 45,000 ATMs.
- Banco Safra – The ninth largest private bank in Brazil in terms of total assets and equity. As a full-service commercial bank, Banco Safra operates in all areas of the financial sector.
- Banco Votorantim – One of the ten largest financial institutions in Brazil. Founded in 1988 as a securities dealer, Banco Votorantim started operating as a multiple bank in 1991. The bank is owned by Votorantim Group and Banco do Brasil.
- Banco ABC Brasil – A Brazilian subsidiary of Arab Banking Corporation (ABC), established in 1983. The bank's main target is the large and middle-sized Brazilian corporations.
- Brazilian Development Bank (BNDES) was founded on June 20, 1952 and is the main provider of long-term financing in Brazil. It is the largest development bank in Latin America. The Bank offers several financial support mechanisms to Brazilian companies as well as public administration entities. In 2009, the Bank inaugurated its one branch in Montevideo (Uruguay) and a new subsidiary in Europe (London). BNDES is 100% owned by the Federal Government.
- Caixa Economica Federal – A government-owned Brazilian commercial bank, established on January 12, 1861 by Emperor Dom Pedro II. With more than 73 million clients, it is one of the largest financial institutions in Latin America.
- Central Bank of Brazil – The principal monetary authority of the country. The Bank was established on December 31, 1964. As of August 2011, Central Bank had total assets of 1.428 trillion reais.
- HSBC Bank Brasil SA - Banco Múltiplo – One of the largest financial institutions in Brazil with presence in 550 municipalities in all regions of the country.
- Itau Unibanco – The largest financial conglomerate in the Latin America and one of the 10 largest banks in the world by market value. As of December 31, 2013, the Bank had total assets of R$1.106 trillion (US$468.7 billion).
- Mercantil do Brasil – A mid-sized bank with more than 1.1 million customers and about BRL 12.614 billion in assets as of June 30, 2012. The bank has over 160 domestic branches and branch in the Grand Cayman Island.
- Nossa Caixa – Nossa Caixa was the seventh largest bank by deposits with a presence in all 645 municipalities of Sao Paulo. It was incorporated into the Banco do Brasil in 2008.
- Santander Brasil – The largest division of Spanish bank Santander in Latin America accounting for 20% of the total profit of the group.
Top 50 Brazilian Banks
The following are the top 50 banks in Brazil ranked by total assets in US$ thousands as of September 30, 2011. State bank Banco do Brasil is the largest bank in Brazil and Latin America.
|Rank||Bank||Headquarters||Total assets||Total deposits||Net worth||Employees||Branches|
|1||Banco do Brasil||Brasilia, DF||489,507,675||226,574,300||29,467,922||131,64||5,156|
|2||Itau Unibanco||Sao Paulo, SP||437,049,712||127,727,104||37,402,522||122,653||3,796|
|4||Brazilian Development Bank||Rio de Janeiro, RJ||306,241,795||11,412,657||30,399,903||3,108||1|
|5||Caixa Economica Federal||Brasilia, DF||273,569,205||138,434,634||9,721,722||109,163||2,252|
|6||Santander||Sao Paulo, SP||227,786,351||64,680,105||35,590,924||52,162||2,449|
|8||Votorantim||Sao Paulo, SP||68,676,844||13,462,891||4,701,334||1,818||34|
|9||Safra||Sao Paulo, SP||48,051,266||9,133,070||3,012,237||5,954||103|
|10||Citibank||Sao Paulo, SP||33,611,730||8,956,918||4,030,703||6,469||128|
|11||BTG Pactual||Rio de Janeiro, RJ||32,094,516||7,971,342||3,048,538||927||6|
|12||Banrisul||Porto Alegre, RS||19,836,831||11,419,727||2,318,223||12,035||440|
|13||Deutsche Bank||Sao Paulo, SP||18,071,580||1,518,671||593,329||303||2|
|14||Credit Suisse||Sao Paulo, SP||15,215,020||1,839,631||1,843,941||39||2|
|15||JP Morgan Chase||Sao Paulo, SP||14,638,041||303,409||1,534,179||844||6|
|17||BNP Paribas||Sao Paulo, SP||11,438,283||2,758,026||1,296,343||536||12|
|18||BIC||Sao Paulo, SP||9,261,492||4,819,248||1,085,689||947||37|
|19||BMG||Belo Horizonte, MG||9,136,851||4,747,213||1,657,977||609||17|
|20||Bansicredi||Porto Alegre, RS||9,109,745||3,836,293||237,814||307||5|
|21||Societe Generale||Sao Paulo, SP||8,249,268||808,8||522,878||510||3|
|23||Alfa||Sao Paulo, SP||6,860,931||1,280,909||1,017,422||1,121||9|
|24||Panamericano||Sao Paulo, SP||6,676,691||2,644,206||762,305||364||1|
|25||ABC Brasil||Sao Paulo, SP||6,282,867||1,641,961||787,4||531||7|
|26||Daycoval||Sao Paulo, SP||6,193,609||2,257,471||1,026,395||977||32|
|27||Fibra||Sao Paulo, SP||5,874,900||3,120,116||512,457||646||17|
|28||Mercantil do Brasil||Belo Horizonte, MG||5,728,572||3,652,407||407,877||3,913||160|
|30||Rabobank||Sao Paulo, SP||5,459,954||324,213||403,394||427||15|
|31||Pine||Sao Paulo, SP||5,409,226||1,823,523||529,432||353||10|
|32||Cruzeiro do Sul||Sao Paulo, SP||5,321,404||2,425,190||639,22||798||9|
|35||BRDE||Porto Alegre, RS||4,413,253||0||659,094||557||3|
|36||Banco GMAC||Sao Paulo, SP||3,814,714||1,271,368||698,209||252||1|
|37||Barclays||Sao Paulo, SP||3,794,927||382,324||396,265||171||1|
|38||BES||Sao Paulo, SP||3,668,867||1,013,843||273,944||0||0|
|39||Merrill Lynch||Sao Paulo, SP||3,506,009||53,033||710,112||446||1|
|40||BVA||Rio de Janeiro, RJ||3,317,256||2,202,159||315,314||389||7|
|41||Sofisa||Sao Paulo, SP||2,912,652||1,252,955||415,89||337||18|
|43||Rural||Belo Horizonte, MG||2,528,390||1,730,070||221,137||690||29|
|44||Classico||Rio de Janeiro, RJ||2,522,419||125||1,942,744||6||2|
|45||Lage Landen||Porto Alegre, RS||2,461,315||23,412||253,314||260||1|
|46||BTMUB||Sao Paulo, SP||2,413,380||231,228||577,2||178||2|
|47||Indusval||Sao Paulo, SP||2,407,232||846,232||311,422||426||10|
|48||Morgan Stanley||Sao Paulo, SP||2,121,915||590,066||829,552||114||2|
|49||CNH Capital||Curitiba, PR||2,024,935||260,358||544,617||197||1|
|51||WestLB||Sao Paulo, SP||1,701,217||186,658||284,422||87||1|
Source: Central Bank of Brazil, R$1,8544 = US$1,0