The Largest Banks in Brazil
Following are the largest banks in Brazil ranked by total assets. Itau Unibanco is the largest Brazilian bank in terms of assets and deposits. Banco do Brasil and Bradesco are the country's second and third largest banks, respectively. The top 10 Brazilian banks hold combined assets of around US$2 trillion.
| Rank | Bank | Total assets, US$b |
| 1 | Itau Unibanco | 442.3 |
| 2 | Banco do Brasil | 381.5 |
| 3 | Bradesco | 341.8 |
| 4 | Caixa Economica Federal | 301.9 |
| 5 | Santander Brasil | 187.2 |
| 6 | BNDES * | 129.9 |
| 7 | BTG Pactual | 85.60 |
| 8 | Banco Safra | 50.98 |
| 9 | Nubank ** | 29.94 |
| 10 | Banco Cooperativo Sicredi | 28.59 |
| 11 | Citibank Brasil | 28.52 |
| 12 | Banco Votorantim *** | 23.14 |
| 13 | Banrisul | 21.59 |
| 14 | Bancoob | 19.38 |
| 15 | JP Morgan S.A. | 17.65 |
| 16 | Daycoval | 13.43 |
| 17 | Nordeste **** | 12.32 |
| 18 | Banco ABC Brasil | 10.93 |
| 19 | Rabobank Brasil | 9.07 |
| 20 | Banco Inter | 8.81 |
| 21 | Banco BMG | 8.49 |
| 22 | BNP Paribas Brasil | 7.74 |
Total assets as of December 31, 2022, unless otherwise noted.
* BNDES is a abbreviation of Banco Nacional de Desenvolvimento Econômico e Social (The National Bank for Economic and Social Development).
** Nubank is a Brazilian neobank and the biggest fintech in Latin America, with more than 90 million customers.
*** Banco Votorantim is also known as Banco BV.
**** Assets as of June 30, 2023
Related article: List of Banks in Brazil
Last updated October 1, 2024