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Trading

List of Banks in Brazil

Published by Gbaf News

Posted on June 13, 2012

2 min read

· Last updated: April 14, 2020

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Banking Central Banks M&A Digital banking

Find below the list of banks in Brazil

Central bank

Central Bank of Brazil Overview

Central Bank of Brazil

Private Banks Operating in Brazil

Major privately-owned banks

Major Institutions and Examples

Itaú Unibanco
Banco Safra
Banco Prosper
Bradesco
Government-owned banks
Banco do Brasil
Banestes (state-owned)
Caixa Econômica Federal
Banrisul (state-owned)
Merged
Bandepe Acquired by Banco Real
Banerj Acquired by Itaú
Bemge Acquired by Itaú
Foreign-owned banks
Banco Real Owned by ABN AMRO; ownership will transfer to Banco Santander Banespa
Citibank (Citigroup)
HSBC Bank Brasil
Banco Santander Banespa, owned by Banco Santander
Merged or defunct banks
BBVA (Brazilian operations acquired by Bradesco)
BCN (Bradesco)
Bamerindus Acquired by HSBC
Banco Bandeirantes Acquired by Caixa Geral de Depósitos, later merged with Unibanco
Banco Boavista (BCN)
Banco Economico (BBVA)
Banco Mercantil Finasa (Bradesco)
Banco Meridional (Banco Santander Banespa)
Banco Nacional (Unibanco)
Banco Sudameris (ABN AMRO)
BankBoston Brazilian operations acquired by Itaú
Banorte Acquired by Banco Bandeirantes

Find below the list of banks in Brazil

Central bank

Central Bank of Brazil

Major privately-owned banks

Key Takeaways

Brazil’s banking sector features a mix of central, government‑owned, private, and foreign banks.
Itaú Unibanco, Bradesco, Banco do Brasil, Caixa Econômica Federal and Santander dominate the market.
Numerous historical consolidations include ABN AMRO’s Banco Real sold to Santander.
State‑owned banks like Banco do Brasil and Caixa serve developmental and retail roles.

References

Frequently Asked Questions

Who is the central bank of Brazil?

The central bank is the Central Bank of Brazil (Banco Central do Brasil), established December 31, 1964.

Which are the largest banks in Brazil?

The largest banks include Itaú Unibanco, Banco do Brasil, Bradesco, Caixa Econômica Federal and Santander Brasil.

What was Banco Real’s fate?

Banco Real, formerly owned by ABN AMRO, was acquired and merged into Santander Brasil in 2009–2010.

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List of Banks in Brazil

Central Bank of Brazil Overview

Private Banks Operating in Brazil

Major Institutions and Examples

Key Takeaways

References

Frequently Asked Questions

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