Top 50 Brazilian Banks

Top 50 banks in Brazil, Ranked by total assets

1. Banco do Brasil
2. Itaú Unibanco
3. Bradesco
4. Caixa Econômica Federal
5. Santander Brasil
6. Banco Inter
7. Banco do Nordeste do Brasil (BNB)
8. Banco da Amazônia (Basa)
9. Banco do Estado de São Paulo (Banespa)
10. Banco Mercantil do Brasil
11. Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
12. Banco do Estado do Rio de Janeiro (Banerj)
13. Banco de Desenvolvimento de Minas Gerais (BDMG)
14. Banco de Desenvolvimento de Santa Catarina (BDSC)
15. Banco de Desenvolvimento de Pernambuco (BDPE)
16. Banco de Desenvolvimento de Rondônia (BDR)
17. Banco de Desenvolvimento de Roraima (BDRR)
18. Banco de Desenvolvimento de Sergipe (BDS)
19. Banco de Desenvolvimento de São Paulo (Badesc)
20. Banco de Desenvolvimento de Tocantins (BDT)
21. Banco de Desenvolvimento do Espírito Santo (BDE)
22. Banco de Desenvolvimento do Pará (BDP)
23. Banco de Desenvolvimento do Paraná (BDEPR)
24. Banco de Desenvolvimento do Rio Grande do Sul (BDRGS)
25. Banco de Desenvolvimento do Rio Grande do Norte (BDRN)
26. Banco de Desenvolvimento de Alagoas (BDA)
27. Banco de Desenvolvimento de Goiás (BDG)
28. Banco de Desenvolvimento de Mato Grosso do Sul (BDMS)
29. Banco de Desenvolvimento de Mato Grosso (BDMT)
30. Banco de Desenvolvimento de Pernambuco (BDPE)
31. Banco de Desenvolvimento de Rondônia (BDR)
32. Banco de Desenvolvimento de Roraima (BDRR)
33. Banco de Desenvolvimento de Sergipe (BDS)
34. Banco de Desenvolvimento de São Paulo (Badesc)
35. Banco de Desenvolvimento de Tocantins (BDT)
36. Banco de Desenvolvimento do Espírito Santo (BDE)
37. Banco de Desenvolvimento do Pará (BDP)
38. Banco de Desenvolvimento do Paraná (BDEPR)
39. Banco de Desenvolvimento do Rio Grande do Sul (BDRGS)
40. Banco de Desenvolvimento do Rio Grande do Norte (BDRN)

Banco do Brasil is the largest and oldest public bank in Brazil. It was founded in 1808 and is headquartered in Brasília. The bank offers a range of financial products and services to individuals, small and medium-sized enterprises, and large corporations. It has a widespread network of branches and ATMs across the country.

Itaú Unibanco is a leading private sector bank in Brazil. It was formed through the merger of Itaú and Unibanco in 2009. The bank has a strong presence in the retail, corporate, and investment banking segments. It also has a significant international presence, with operations in several countries in Latin America and the United States.

Bradesco is another major private sector bank in Brazil. It was founded in 1943 and is headquartered in São Paulo. The bank offers a range of financial products and services to individuals, small and medium-sized enterprises, and large corporations. It also has a strong presence in the insurance and asset management sectors.

Caixa Econômica Federal is a state-owned bank that is focused on serving low-income individuals and communities. It was founded in 1861 and is headquartered in Brasília. The bank offers a range of financial products and services, including savings accounts, loans, and pension plans. It also has a large network of branches and ATMs across the country.

Santander Brasil is a subsidiary of Santander Group, one of the largest banks in Europe. It was founded in 1982 and is headquartered in São Paulo. The bank offers a range of financial products and services to individuals, small and medium-sized enterprises, and large corporations. It also has a strong presence in the investment banking and asset management sectors.

Banco Inter is a digital bank that was founded in 1994. It is headquartered in São Paulo and offers a range of financial products and services through its mobile app and website. The bank is focused on serving the needs of individuals and small and medium-sized enterprises.

Banco do Nordeste do Brasil (BNB) is a state-owned development bank that was founded in 1952. It is headquartered in Fortaleza and focuses on financing projects in the Northeast region of Brazil. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco da Amazônia (Basa) is a state-owned development bank that was founded in 1952. It is headquartered in Manaus and focuses on financing projects in the Amazon region of Brazil. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco do Estado de São Paulo (Banespa) is a state-owned bank that was founded in 1933. It is headquartered in São Paulo and offers a range of financial products and services to individuals, small and medium-sized enterprises, and large corporations.

Banco Mercantil do Brasil is a private sector bank that was founded in 1808. It is headquartered in São Paulo and offers a range of financial products and services to individuals, small and medium-sized enterprises, and large corporations. It also has a strong presence in the insurance and asset management sectors.

Banco Nacional de Desenvolvimento Econômico e Social (BNDES) is a development bank that was founded in 1952. It is headquartered in Rio de Janeiro and is owned by the Brazilian government. The bank’s main mission is to finance infrastructure projects and promote the development of the Brazilian economy. It offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco do Estado do Rio de Janeiro (Banerj) is a state-owned bank that was founded in 1933. It is headquartered in Rio de Janeiro and offers a range of financial products and services to individuals, small and medium-sized enterprises, and large corporations.

Banco de Desenvolvimento de Minas Gerais (BDMG) is a development bank that was founded in 1952. It is headquartered in Belo Horizonte and focuses on financing projects in the state of Minas Gerais. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Santa Catarina (BDSC) is a development bank that was founded in 1952. It is headquartered in Florianópolis and focuses on financing projects in the state of Santa Catarina. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Pernambuco (BDPE) is a development bank that was founded in 1952. It is headquartered in Recife and focuses on financing projects in the state of Pernambuco. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Rondônia (BDR) is a development bank that was founded in 1952. It is headquartered in Porto Velho and focuses on financing projects in the state of Rondônia. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Roraima (BDRR) is a development bank that was founded in 1952. It is headquartered in Boa Vista and focuses on financing projects in the state of Roraima. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Sergipe (BDS) is a development bank that was founded in 1952. It is headquartered in Aracaju and focuses on financing projects in the state of Sergipe. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de São Paulo (Badesc) is a development bank that was founded in 1952. It is headquartered in São Paulo and focuses on financing projects in the state of São Paulo. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Tocantins (BDT) is a development bank that was founded in 1952. It is headquartered in Palmas and focuses on financing projects in the state of Tocantins. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento do Espírito Santo (BDE) is a development bank that was founded in 1952. It is headquartered in Vitória and focuses on financing projects in the state of Espírito Santo. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento do Pará (BDP) is a development bank that was founded in 1952. It is headquartered in Belém and focuses on financing projects in the state of Pará. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento do Paraná (BDEPR) is a development bank that was founded in 1952. It is headquartered in Curitiba and focuses on financing projects in the state of Paraná. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento do Rio Grande do Sul (BDRGS) is a development bank that was founded in 1952. It is headquartered in Porto Alegre and focuses on financing projects in the state of Rio Grande do Sul. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento do Rio Grande do Norte (BDRN) is a development bank that was founded in 1952. It is headquartered in Natal and focuses on financing projects in the state of Rio Grande do Norte. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Alagoas (BDA) is a development bank that was founded in 1952. It is headquartered in Maceió and focuses on financing projects in the state of Alagoas. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Goiás (BDG) is a development bank that was founded in 1952. It is headquartered in Goiânia and focuses on financing projects in the state of Goiás. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Mato Grosso do Sul (BDMS) is a development bank that was founded in 1952. It is headquartered in Campo Grande and focuses on financing projects in the state of Mato Grosso do Sul. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Mato Grosso (BDMT) is a development bank that was founded in 1952. It is headquartered in Cuiabá and focuses on financing projects in the state of Mato Grosso. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Pernambuco (BDPE) is a development bank that was founded in 1952. It is headquartered in Recife and focuses on financing projects in the state of Pernambuco. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Rondônia (BDR) is a development bank that was founded in 1952. It is headquartered in Porto Velho and focuses on financing projects in the state of Rondônia. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Roraima (BDRR) is a development bank that was founded in 1952. It is headquartered in Boa Vista and focuses on financing projects in the state of Roraima. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de Sergipe (BDS) is a development bank that was founded in 1952. It is headquartered in Aracaju and focuses on financing projects in the state of Sergipe. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Banco de Desenvolvimento de São Paulo (Badesc) is a development bank that was founded in 1952. It is headquartered in São Paulo and focuses on financing projects in the state of São Paulo. The bank offers a range of financial products and services, including loans, guarantees, and technical assistance.

Brazilian banks advantage

There are several advantages to using Brazilian banks:

1. Convenience: Brazilian banks offer a range of financial products and services that can be accessed through their branches, ATMs, and online platforms. This makes it easy for customers to manage their finances and make transactions.
2. Security: Brazilian banks are regulated by the Central Bank of Brazil and must follow strict rules and guidelines to ensure the safety of customer deposits and personal information.
3. Interest rates: Brazilian banks offer competitive interest rates on savings accounts and other financial products, making it possible for customers to earn returns on their money.
4. Credit availability: Brazilian banks offer a range of credit products, including loans and credit cards, which can help individuals and businesses finance their needs.
5. Customer service: Brazilian banks generally have good customer service and offer assistance to customers through their branches, call centers, and online platforms.
6. International transactions: Many Brazilian banks have international operations and partnerships, making it easy for customers to make transactions and manage their finances while abroad.

Brazilian banks disadvantage

There are also several disadvantages to using Brazilian banks:

1. Fees: Brazilian banks may charge fees for certain services, such as account maintenance, ATM usage, and international transactions. These fees can add up over time and may be a burden for customers on a tight budget.
2. Limited access: Some areas of Brazil may have limited access to banking services, particularly in rural and remote areas. This can make it difficult for residents in these areas to manage their finances and access credit.
3. Complexity: Some financial products and services offered by Brazilian banks can be complex and may be difficult for customers to understand. This can make it hard for customers to make informed decisions about their finances.
4. Lack of transparency: Some customers may feel that Brazilian banks are not always transparent about their fees and charges, which can make it hard for customers to understand the true cost of financial products and services.
5. Limited options: While there are many banks operating in Brazil, customers may feel that there are not enough options to choose from, or that the options available are not tailored to their specific needs.
6. Poor customer service: Some customers may have had negative experiences with the customer service provided by Brazilian banks, which can be frustrating and lead to dissatisfaction with the bank.