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

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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
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
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