Largest Banks in Brazil

The largest banks of Brazil include Itau Unibanco, Banco Bradesco, Bank of Brazil, HSBC Bank Brasil, Banco Safra, among others.

Itau Unibanco is the result of the merger of Banco Itau and Unibanco, which occurred on 4 November 2008 to form Itau Unibanco Holding S.A, the biggest financial conglomerate in the Southern Hemisphere, with a market value among the 20 largest financial institutions in the world.

Banco Bradesco is one of the Big Four banks in Brazil, the others being Banco do Brasil, Ita├║ Unibanco and Santander Brasil. Banco Bradesco is the country's largest private bank with R$341 billion (US$192 billion) at the end of 2007.

Bank of Brazil (Banco do Brasil S.A.) was founded in 1808 and is the oldest active bank in the country. It is one of the four most-profitable Brazilian banks and holds a strong leadership in retail banking.

Established in Brazil in March 1997, the HSBC Bank Brasil provides a comprehensive range of personal financial services, including current accounts, insurance, credit cards, loans and pensions. It also provides a range of services to small and medium-size enterprises, and has established long-term relationships with major national and international corporations and institutions.

Banco Safra is part of the larger Safra Group of banks and financial institutions, ranking ninth among the nation’s largest sector financial institutions in terms of total assets.

* Next: Top 50 Banks of Brazil