Brazil: leading banks 2019, by total assets

In 2019, Itaú Unibanco was the leading bank in Brazil based on total assets, with a value of 378.48 billion U.S. dollars. The second position was for Banco do Brasil, with assets amounting to approximately 361 billion dollars that same year. The total value of assets of Brazilian banks added up to over two billion U.S. dollars in 2017, a figure that has been consistently increasing since 2002.

Brazilian banking network

Brazil is the country with the highest number of bank branches in Latin America, amounting to more than 21 thousand in 2017. However, in terms of accessibility, the South American country lags behind some regional counterparts. In that year, the density of bank branches in Brazil reached only 2.5 per 1,000 square kilometers; in comparison to 6.5 bank branches per 1,000 square kilometers in Mexico, or five branches per 1,000 square kilometers in Colombia.

Online banking in Brazil

With the use of financial technology increasing around the world, online banking is becoming ever more popular, and the Brazilian market is no exception. The number of mobile banking services in the country has shown significant growth rates between 2016 and 2019. In addition, the use of banking apps is spreading and taking over simple financial transactions like payments and transfers. However, there is still some skepticism about the use of these apps. One of the main reasons is that bank customers still prefer to go to physical branches to perform banking transactions.

Leading banks in Brazil in 2019, based on total assets

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Source

Release date

March 2020

Region

Brazil

Survey time period

As of September, 2019

Supplementary notes

Figures have been rounded

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Statistics on "Banking industry in Brazil"

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