Top 10 Banks in Brazil

Top 10 Biggest Banks in Brazil

The banking environment in Brazil is one of the biggest and most influential in the Latin American region, and,, therefore, it is an important part of the Brazilian economy. This paper aims at presenting the list of the 10 largest banks in Brazil based on their size, and the asset they hold.

1. Banco do Brasil

Banco do Brasil – Banco do Brasil is the biggest bank in Brazil and has total assets of more than BRL 1.5 trillion (approximately $280 billion). It was established in 1808 and is located in Brasília. Banco do Brasil provides all sort of banking and financial services such as savings and checking accounts, debt and credit cards and investment products.

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2. Itaú Unibanco

Itaú Unibanco – Itaú Unibanco is the second largest bank in Brazil with total assets of BRL 1.4 trillion (approximately $260 billion). It was established in 2008 by the combination of Banco Itaú and Unibanco and is headquartered in São Paulo. The bank provides banking products and services such as savings and checking account, loans, credit cards and investment products.

3. Bradesco

Bradesco – Bradesco is the third largest bank in Brazil with total assets of BRL 1.2 trillion (approximately $220 billion). It was established in 1943 and is located in Osasco. The bank provides all sort of banking and financial services such as savings and checking accounts, debt and credit cards, and investment products.

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4. Caixa Econômica Federal

Caixa Econômica Federal – Caixa Econômica Federal is the fourth biggest bank of Brazil with the total assets of BRL 1.1 trillion (approx. $200 billion). It was established in 1861 and is located in Brasília. Caixa Econômica Federal provides all sort of banking services such as savings and checking accounts, debt and credit cards, and investment products.

5. Santander Brasil

Santander Brasil – Santander Brasil is the fifth biggest bank in Brazil with total assets of BRL 834 billion (approx. $153 billion). It was established in 1995 and is located in São Paulo. The bank provides all sort of banking and financial services such as savings and checking accounts, loans, credit cards and investment products.

6. Banco do Nordeste do Brasil

Banco do Nordeste do Brasil is the sixth largest bank in Brazil with total assets of BRL 578 billion (approx. BRL 106 billion). It was established in 1952 and is located in Fortaleza. The bank provides all sort of banking and financial services such as savings and checking accounts, debt and credit cards, and investment products.

7. Banco Inter

Banco Inter is the seventh largest bank in Brazil with total assets of BRL 449 billion (approx. BRL 82 billion). It was established in 1994 and is located in São Paulo. Banco Inter offers all sort of banking services, including savings and checking accounts, loans, credit cards, and investment products.

8. Banco ABC Brasil

Banco ABC Brasil is the eighth largest bank in Brazil with total assets of BRL 379 billion (approx. BRL 69 billion). It was established in 1997 and is located in São Paulo. The bank offers all sort of banking services, including savings and checking accounts, loans, credit cards and investment products.

9. Banco Votorantim

Banco Votorantim is the ninth largest bank in Brazil with total assets of BRL 351 billion (approx. BRL 64 billion). It was established in 1997 and is located in São Paulo. Banco Votorantim offers all sort of banking services, including savings and checking accounts, loans, credit cards and investment products.

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10. Banco do Estado do Espírito Santo

Banco do Estado do Espírito Santo is the tenth largest bank in Brazil with total assets of BRL 278 billion (approx. BRL 51 billion). It was established in 1911 and is located in Vitória. The bank provides all sort of banking services such as savings and checking accounts, loans, credit cards, and investment products.

Conclusion: The ten biggest banks in Brazil are important in the economy of the nation and provide all sort of financial services to the public, firms and the government. From the biggest bank in Brazil, Banco do Brasil, to the tenth biggest, Banco do Estado do Espírito Santo, these banks provide savings, borrowing, and investment options.

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