Banco do Brasil Banco Bradesco Banco Safra

Caixa Economica Federal

Santander Brasil

Banco Votorantim

Banco do Brasil Banco Bradesco Banco Safra CEF (CAIXA) Santander Votorantim

  • 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 March 20, 2015, it had a market cap of US$45.5 billion.
  • Banco do Brazil – The largest bank in Brazil and Latin America with total assets of R$1.437 trillion (December 31, 2014). It also has the largest ATM network in Latin America, with about 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 78 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 November 2014, it had total assets of R$2.101 trillion.
  • HSBC Bank Brasil SA - Banco Múltiplo – One of the largest financial institutions in Brazil with presence in 543 municipalities in all regions of the country.
  • Itau Unibanco – The largest financial conglomerate in the Latin America and one of the largest banks in the world by market value. As of March 20, 2015, the Bank had a market capitalization of US$57.0 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 was the country's 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 40% 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, 2014. State bank Banco do Brasil is the largest bank in Brazil and Latin America.

Rank Bank Headquarters Total assets, US$000 Total deposits, US$000
1 Banco do Brasil Brasilia 541,404,432 191,376,315
2 Itau Sao Paulo 436,373,533 121,171,398
3 Caixa Economica Federal Brasilia 415,693,426 164,439,851
4 Bradesco Osasco 346,323,260 86,843,846
5 Brazilian Development Bank (BNDES) Rio de Janeiro 335,986,051 7,073,248
6 Santander Sao paulo 213,610,967 55,345,528
7 HSBC Curitiba 61,149,152 22,948,201
8 BTG Pactual Rio de Janeiro 56,572,885 8,958,318
9 Safra Sao Paulo 55,353,652 3,731,780
10 Votorantim Sao Paulo 40,283,735 2,167,239
11 Citibank Sao Paulo 24,970,592 5,666,495
12 Banrisul Porto Alegre 23,931,605 13,496,091
13 Banco do Nordeste do Brasil (BNB) Fortaleza 15,528,607 4,674,918
14 JP Morgan Chase Sao Paulo 13,667,169 623,703
15 Deutsche Bank S.A. Sao Paulo 12,227,755 664,565
16 Credit Suisse Sao Paulo 12,121,072 1,539,261
17 BNP Paribas Sao Paulo 10,729,158 1,863,913
18 Banco Cooperativo Sicredi Porto Alegre 10,573,809 4,538,958
19 Panamericano Sao Paulo 10,287,401 4,592,477
20 Banco Volkswagen Sao Paulo 10,176,740 1,623,233
21 Banco Cooperativo do Brasil (Bancoob) Brasilia 9,347,521 7,023,222
22 Societe Generale Sao Paulo 8,057,609 121,169
23 ABC Brasil Sao Paulo 7,840,279 1,853,955
24 BMG Sao Paulo 7,611,721 2,219,324
25 Banco Daycoval Sao Paulo 7,265,510 1,625,429
26 Banestes Vitoria 6,391,103 3,404,135
27 Rabobank International Brasil Sao Paulo 6,145,848 77,276
28 BicBanco Sao Paulo 6,138,274 2,958,651
29 Alfa Sao Paulo 5,957,727 277,139
30 Banco GMAC Sao Paulo 5,694,401 1,564,465
31 Banco de Tokyo-Mitsubishi UFJ Brasil Sao Paulo 5,596,626 884,035
32 Mercantil do Brasil Belo Horizonte 5,356,806 3,331,515
33 Banco Regional Des. do Extremo Sul (BRDE) Porto Alegre 5,307,809 0
34 Banco de Brasilia (BRB) Brasilia 5,078,260 3,606,186
35 Morgan Stanley Sao Paulo 4,914,465 1,723,550
36 Banco da Amazonia Belem 4,677,200 1,365,569
37 Bank of America Merrill Lynch Sao Paulo 4,525,897 743,425
38 Banco Mercedes-Benz Sao Paulo 4,513,449 198,836
39 Pine Sao Paulo 4,450,889 1,123,867
40 Barclays Sao Paulo 3,457,118 290,820
41 Banco Fibra Sao Paulo 3,093,169 1,277,692
42 BES Sao Paulo 3,038,328 653,408
43 Banco IBM S.A. Rio de Janeiro 3,033,611 2,718,296
44 Banco CNH Industrial Capital Curitiba 2,922,424 296,466
45 Credit Agricole Sao Paulo 2,665,871 361,904
46 Banco Classico Rio de Janeiro 2,627,946 0
47 Banco Des. de Minas Gerais (BDMG) Belo Horizonte 2,463,665 22,563
48 Banco De Lage Landen Brasil Porto Alegre 2,390,678 0
49 J.Malucelli Curitiba 2,322,361 971,818
50 Banco Fidis Betim 2,285,689 1,066,592
Source: Central Bank of Brazil
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