|Banco do Brasil||Bradesco||Safra||CAIXA||Santander||Votorantim|
Banco Bradesco – One of the country's largest banks along with Banco do Brasil, Itau Unibanco and BNDES. As of August 30, 2016, it has a market capitalization of US$50 billion.
Banco do Brazil – The largest bank in Brazil and Latin America with total assets of US$446 billion (6/2016). It also has the largest services network among the Brazilian institutions by number of branches and ATMs.
Banco Safra – The ninth largest private bank in Brazil by assets and equity. As a full-service commercial bank, it 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), Bahrain. The Bank's main target is the large and middle-sized Brazilian corporations.
Banrisul (Banco do Estado do Rio Grande do Sul S.A.) – The largest bank in Southern Brazil. It was established on September 12, 1928 and is controlled by the State of Rio Grande do Sul which owns approximately 57% of total shares. It focuses on retail customers, SMEs and public sector entities. The Bank has over 500 local branches and employs approximately 11,300 people. It also has branches in Miami, USA and the Cayman Islands.
Brazilian Development Bank (BNDES), founded on June 20, 1952, 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.
Banco Central do Brasi – The principal monetary authority of the country. The Bank was established on December 31, 1964. As of May 31, 2016, it had total assets of US$810 billion.
Caixa Economica Federal – A government-owned Brazilian commercial bank, established on January 12, 1861 by Emperor Dom Pedro II. With more than 85 million customers, it is one of the largest financial institutions in Latin America.
HSBC Bank Brasil was one of the largest financial institutions in Brazil with presence in 543 municipalities in all regions. It was acquired by Banco Bradesco in 2015.
Itau Unibanco – The largest financial conglomerate in the Latin America and one of the largest banks in the world by market value. The investment banking business carried out through Itaú BBA S.A. It was selected as the Best Investment Bank in Latin America (2016), Best Investment Bank in Brazil (2015) and Best Investment Bank in Argentina (2015) by Global Finance. As of September 1, 2016, Itau Unibanco Holding had a market capitalization of US$65 billion.
Mercantil do Brasil – A mid-sized bank with more than 1.1 million customers and over BRL12.4 billion (US$4 billion) in assets. The Bank is headquartered in the State of Minas Gerais and has approximately 190 domestic branches and one branch in Grand Cayman.
Nossa Caixa was the country's seventh largest bank by deposits with a presence in all 645 municipalities of Sao Paulo. It was incorporated into the Banco do Brasil in 2008.
Top 50 Brazilian Banks
The following are the 50 largest banks in Brazil in terms of total assets. State bank Banco do Brasil is the largest bank in the country and Latin America.
|Rank||Bank||Headquarters||Total Assets, US$b
(June 30, 2016)
|1||Banco do Brasil||Brasilia||446.354|
|2||Itau Unibanco||Sao Paulo||406.580||Itau Unibanco Holding S.A.|
|3||Caixa Economica Federal||Brasilia||374.815|
|4||Bradesco||Osasco||321.786||Banco Bradesco S.A.|
|5||BNDES||Rio de Janeiro||288.863||Brazilian Development Bank|
|6||Santander Brasil||Sao paulo||187.005||Banco Santander (Brasil) S.A.|
|7||BTG Pactual||Rio de Janeiro||65.882||Banco BTG Pactual S.A.|
|8||Safra||Sao Paulo||43.357||Banco Safra S.A.|
|9||Votorantim||Sao Paulo||33.367||Banco Votorantim S.A.|
|10||Citibank (Brasil)||Sao Paulo||24.624||Banco Citibank S.A.|
|11||Banrisul||Porto Alegre||20.962||Banco do Estado do Rio Grande do Sul S.A.|
|12||Nordeste||Fortaleza||13.183||Banco do Nordeste do Brasil S.A. (BNB)|
|13||JP Morgan||Sao Paulo||12.249||Banco J.P. Morgan S.A.|
|14||BNP Paribas||Sao Paulo||12.180||Banco BNP Paribas Brasil S.A.|
|15||Credit Suisse (Brasil)||Sao Paulo||11.594||Banco de Investimentos Credit Suisse (Brasil) S.A.|
|16||Sicredi *||Porto Alegre||9.743||Banco Cooperativo Sicredi S.A|
|17||Bancoob||Brasilia||9.380||Banco Cooperativo do Brasil S.A. – Bancoob|
|18||Banco Pan||Sao Paulo||8.350||Banco Pan S.A. (formerly Banco Panamericano S.A.)|
|19||Societe Generale||Sao Paulo||8.272||Banco Societe Generale Brasil S/A|
|20||ABC Brasil||Sao Paulo||7.018||Banco ABC Brasil S.A.|
|21||Tokyo-Mitsubishi UFJ||Sao Paulo||6.439||Banco de Tokyo-Mitsubishi UFJ Brasil S/A|
|22||Rabobank||Sao Paulo||6.375||Banco Rabobank International Brasil S.A.|
|23||Deutsche Bank Brasil||Sao Paulo||6.357||Deutsche Bank S.A. - Banco Alemão|
|24||Daycoval||Sao Paulo||6.337||Banco Daycoval S.A.|
|25||BofA Merrill Lynch||Sao Paulo||6.324||Bank of America Merrill Lynch Banco Multiplo S.A.|
|26||Volkswagen||Sao Paulo||6.092||Banco Volkswagen S.A.|
|27||Banestes||Vitoria||5.761||Banestes SA Banco do Estado do Espirito Santo|
|28||BMG||Sao Paulo||5.759||Banco BMG S.A.|
|29||BRDE||Porto Alegre||4.802||Banco Regional de Desenvolvimento do Extremo Sul|
|30||CCB Brasil *||Sao Paulo||4.325||China Construction Bank (Brasil) Banco Múltiplo S/A (formerly Banco Industrial e Comercial (BicBanco))|
|31||Banco de Brasilia||Brasilia||4.249||BRB Banco de Brasilia S.A.|
|32||Amazonia||Belem||3.969||Banco da Amazonia S/A (formerly Banco de Credito da Amazonia)|
|33||GMAC||Sao Paulo||3.810||Banco GMAC S.A.|
|34||Morgan Stanley||Sao Paulo||3.802||Banco Morgan Stanley S.A.|
|35||Mercantil do Brasil||Belo Horizonte||3.485||Banco Mercantil do Brasil S.A.|
|36||Banco Alfa||Sao Paulo||3.446||Banco Alfa de Investimento S.A.|
|37||Goldman Sachs||Sao Paulo||3.330||Goldman Sachs do Brasil Banco Multiplo S.A.|
|38||Credit Agricole Brasil||Sao Paulo||2.981||Banco Crédit Agricole Brasil S/A|
|39||Mercedes-Benz||Sao Paulo||2.886||Banco Mercedes-Benz do Brasil S.A.|
|40||Pine||Sao Paulo||2.613||Banco Pine S.A.|
|41||Banco Des. de Minas Gerais (BDMG)||Belo Horizonte||2.216||Banco de Desenvolvimento de Minas Gerais S.A.|
|42||CNH Industrial Capital||Curitiba||2.134||Banco CNH Industrial Capital S.A..|
|43||Classico||Rio de Janeiro||2.054||Banco Classico S.A.|
|44||Fibra||Sao Paulo||1.922||Banco Fibra S.A.|
|45||Parana Banco||Curitiba||1.800||Parana Banco S.A.|
|46||Banpara||Belém||1.744||Banco do Estado do Pará SA - Banpara|
|47||BES Investimento *||Sao Paulo||1.670||BES Investimento do Brasil S.A.|
|48||Fidis *||Betim||1.619||Banco Fidis S.A.|
|49||Lage Landen||Porto Alegre||1.534||Banco De Lage Landen Brasil S.A.|
|50||Barclays (Brasil) *||Sao Paulo||1.461||Banco Barclays S.A.|
|51||IBM||Rio de Janeiro||1.307||Banco IBM S.A.|
* Data as of December 31, 2015.