Banks in Brazil


Banco do Brasil	Bradesco	Safra	CAIXA	Santander	Votorantim

The Brazilian banking system is dominated by five banks: Banco do Brasil, Itau, Caixa, Bradesco and Santander. The four largest banks control over 70% of assets and loans according to the Central Bank. In 2017, Moody's revised its outlook for Brazilian banking system to stable from negative.
Banking Hours: Banks in Brazil are normally open from 10.00 a.m. to 4.00 p.m., Monday through Friday except for holidays.

Banco Bradesco – One of the country's largest banks along with Banco do Brasil, Itau Unibanco and Caixa. As of May 17, 2018, it had a market capitalization of US$55 billion.

Banco do Brazil – The largest bank in Brazil and Latin America with total assets of BRL 1.4 trillion (March 2017). It also has the largest services network among the Brazilian institutions by number of branches and ATMs.

Banco Safra – The eighth largest bank in Brazil in terms of total assets and equity. As a full-service commercial bank, it operates in all areas of the financial sector.

Banco Santander Brasil – The largest division of Spanish bank Santander in Latin America accounting for approximately 50% of total profit of the group.

Banco Votorantim – One of the ten largest financial institutions in Brazil. The Bank is owned by Votorantim Group and Banco do Brasil.

Banco Citibank S.A. (Citi Brasil) – A local unit of US-based Citigroup Inc.

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 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 in 1861. With more than 85 million customers, it is one of the largest financial institutions in Latin America.

Central Bank of Brazil (Banco Central do Brasil) – The principal monetary authority of the country. The Bank was established on December 31, 1964.

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 2016.

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 by Global Finance. As of December 1, 2017, Itau Unibanco Holding S.A. had a market capitalization of US$79 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 Banks in Brazil

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)	Full Name
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.