Banks in Brazil


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

Banco Bradesco – One of the largest banks in Brazil 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.
Banco do Brazil – The largest bank in Brazil and Latin America with total assets of over R$981.0 billion (US$526.58 billion). 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 38 million customers, 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 September 30, 2011, the bank had total assets of R$836.99 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 São 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
3	Bradesco	Osasco, SP	343,183,636	121,523,098	29,078,796	94,516	3,953
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
7	HSBC	Curitiba, PR	82,110,655	40,811,998	4,699,438	30,737	868
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
16	BNB	Fortaleza, CE	13,827,596	4,754,165	1,300,030	15,712	187
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
22	Bancoob	Brasilia, DF	6,925,008	4,501,414	212,622	442	7
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
29	Banestes	Vitoria, ES	5,607,440	3,125,789	437,031	3,62	133
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
33	BASA	Belem, PA	5,272,246	1,354,042	1,058,115	3,868	114
34	BRB	Brasilia, DF	4,666,394	3,663,837	452,412	4,02	62
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
42	Fidis	Betim, MG	2,679,846	1,782,626	233,804	154	2
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
50	BBM	Salvador, BA	1,961,318	427,308	287,873	196	3
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