Top 50 Banks of Brazil

ITAU is the largest bank in Brazil with the highest amount of total assets, followed by Bank of Brazil and Bradesco.

Following are the Top 50 Banks of Brazil based on assets held as of December 31,2008:

Rank, Bank, Total Assets in R$ Thousands (as of Dec 31,2008)
1 ITAU 270.144.062
2 BANK OF BRAZIL 217.093.798
3 BRADESCO 170.022.827
4 SANTANDER 147.489.051
5 CEF 126.624.018
6 HSBC 47.967.608
7 VOTORANTIM 31.252.318
8 SAFRA 28.447.588
9 NOSSA CAIXA 23.226.622
10 CITIBANK 17.322.012
11 BNP PARIBAS 11.974.683
12 BANRISUL 10.858.318
13 CREDIT SUISSE 9.981.786
14 UBS PACTUAL 8.296.338
15 DEUTSCHE 7.348.374
16 BNB 6.922.223
17 ALFA 6.659.978
18 BBM 6.066.721
19 BIC 5.066.765
20 FIBRA 3.938.947
21 JP MORGAN CHASE 3.795.765
22 ABC-BRASIL 3.207.204
23 SS 3.188.515
24 RABOBANK 3.287.856
25 BASA 3.097.895
26 BMG 3.113.250
27 BANESTES 3.651.749
28 SOCIETE GENERALE 2.700.577
29 BANSICREDI 3.076.894
30 CRUZEIRO DO SUL 2.593.223
31 DAYCOVAL 2.852.690
32 MERCANTIL DO BRASIL 2.893.794
33 SOFISA 2.423.507
34 IBIBANK 2.401.496
35 BRB 2.348.830
36 BARCLAYS 2.226.295
37 ING 2.210.618
38 BANCOOB 2.192.534
39 PINE 1.935.624
40 WESTLB 1.640.331
41 CLASSICO 1.534.117
42 RURAL 1.030.445
43 BANIF 921.149
44 BANESE 920.147
45 INDUSVAL 915.63
46 JOHN DEERE 846.278
47 DBB BM 804.73
48 BTMUB 804.794
49 GE CAPITAL 728.245
50 INDUSTRIAL DO BRASIL 708.984

Source: Banco Central Do Brasil

* Next: Investment Banks in Brazil

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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