Top List of Banks in Brazil

Brazil is the largest country in South America and the Latin American region. It's also one of the world's most populous countries and has a nearly equal population to Japan, France, and Germany combined. With such a large population, it should come as no surprise that Brazil has an extensive banking industry. Brazil is home to some of the top banks in the world. Here are some top banks in Brazil worth checking out:

Banco do Brasil 

Banco do Brasil is the largest bank in Brazil. It was founded in 1808 and is headquartered in Brasilia. The bank has more than 3981 branches and 99,161 employees. As of 2018, Banco do Brasil's assets totaled 430 billion USD, making it one of the world's largest banks. 

The bank provides a wide range of financial products and services through its network of branches and affiliated institutions: credit operations; investment banking; asset management; insurance; pension plan administration; trading activities on the domestic financial markets through its securities brokerage subsidiary XP Investimentos; stock exchange operations; leasing; factoring; fund management, and credit card issuance. 

Banco Bradesco 

Banco Bradesco S.A. (English: Bradesco Bank) is a multinational bank headquartered in Osasco, Brazil, and the second-largest bank in Brazil by total assets, behind only Itaú Unibanco. The company was founded in 1943. As of December 31, 2018, Banco Bradesco had 108,794 employees. Its assets totaled 361 billion USD. 

Banco Bradesco S.A. engages in banking and financial activities, acting as a holding company for its subsidiaries and affiliates. Its subsidiaries are engaged in asset management, pension plans, brokerage, leasing, factoring, insurance, and similar activities. 

Banco Safra

Banco Safra is a Brazilian bank headquartered in São Paulo, Brazil. It is the second private bank in Brazil, with total assets of US$ 55.4 billion in 2012. Banco Safra has more than 5,456 employees and services more than 7 million clients.

The Bank operates through Banking and Financial Services and Asset Management. The Banking and Financial Services segment provides asset management, securities brokerage, wealth management, portfolio management, and custodial services to Brazil's individuals, corporations, and other financial institutions. The Asset Management segment offers funds and fund portfolios for financial institutions and third parties through closed-end funds, open-end funds, and real estate investment trusts. 

Banco Santander do Brasil 

The total assets of Banco Santander do Brasil SA (BSBR) were 219.6 billion USD in 2018. The bank is based in Sao Paulo, Brazil, and has more than 3,600 branches and offices. BSBR serves private and commercial customers and had approximately 50,578 employees at the end of 2017.

The consumer banking division offers a range of banking products and services for individuals, including checking and savings accounts, mortgages, auto loans, debit cards, credit cards, and consumer finance loans. The bank's commercial banking division provides banking products and services to small businesses, corporate clients, and institutional clients.

Banco Votorantim 

The bank has total assets of US$ 44.6 billion and 5,052 employees as of December 2013. Banco Votorantim is the only Brazilian bank with a global presence, operating in four countries: Brazil, Chile, Mexico, and the United States.

The bank's main products and services are credit cards, payroll loans; personal financing; working capital loans; commercial letters of credit; documentary collections, documentary credits, guarantees, deposits; investment funds; treasury services, and foreign exchange operations.

Caixa Economica Federal (Federal Economic Development Bank)

Caixa Economica Federal (CEF) is a Brazilian state-owned bank headquartered in Brasilia, Brazil. It is the largest state-owned bank in Latin America. The bank was created in 1861 as a government financial institution and privatized between 1997 and 2002. in 2017, The bank's total assets amounted to about 380.1 billion USD, and its employees number about 87,500.

Caixa offers a wide range of services, including personal banking, small business banking, and corporate banking.

Itau Unibanco

Itau Unibanco Holding S.A. is a Brazilian diversified financial services conglomerate headquartered in Sao Paulo, Brazil. It was formed due to the merger of Banco Itau and Unibanco on November 4, 2008, and is the largest bank in Latin America by total assets, deposits, loans, and market value. It offers a broad range of financial products and services to individual and corporate clients in Brazil and abroad. It operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation.

 As of 2018, Itaú Unibanco had approximately 96,435 employees worldwide and total assets at 402 billion USD. 

The Brazilian Development Bank (Banco do Desenvolvimento Brasileiro) (BNDES)

The Brazilian Development Bank (BNDES) is the main source of long-term credit for investment in Brazil. The Brazilian government owns it. The BNDES finances itself in the capital markets and lends at market rates, which are higher than those of most development banks. It offers financial services to the Brazilian government and businesses. The bank's main function is to finance projects related to infrastructure development. It finances both domestic and international projects.

The bank's total assets were estimated at US$ 272.1 billion ) at the end of 2016, while employee numbers were around 2000. The BNDES' primary services are product and project financing, export financing, and technical assistance.

BTG Pactual

BTG Pactual is the largest Brazil-based investment bank with total assets of 72.6 billion USD as of December 31, 2020, and the largest Latin American investment bank in the Global Emerging Markets (GEM) universe. Founded in 1983 by Andre Esteves and a team of partners, BTG Pactual has become one of the most respected and innovative banks. With a staff of more than 3,515 professionals worldwide, it offers an integrated platform that combines corporate, investment banking, and asset management services.


The Banrisul or Bank of Rio Grande do Sul, S.A. is a Brazilian bank with its head offices in Porto Alegre. in 2017, It had total assets of 24.7 billion USD and approximately 10,725 employees.

Banrisul offers a wide range of banking services: traditional commercial and investment banking, private banking (banking for high net worth individuals), wealth management, asset management, and brokerage services. 


Q: What's the most popular bank in Brazil?

A: Itaú Unibanco.

Q: What are the top three banks in Brazil?

A: The top three banks in Brazil are Itaú Unibanco, Bradesco, and Banco do Brasil.

Q: What is the largest bank in Brazil?

A: The largest bank in Brazil is Itaú Unibanco, with the total value of assets being 402 billion USD (2018).

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