largest banks in brazil
In this article we will discuss the top five banks in Brazil, and will use their profits and assets to highlight why exactly they are the largest banks in Brazil. Banco do Brasil is the largest of the many banks in Brazil with approximately US$587billion in assets in 2014.
The second largest bank in Brazil is ItaÃº Unibanco with assets in 2014 of approximately US$505.9 billion and reported profits in 2013 of US$7.3 billion. In November 2008, it became the second largest bank in Brazil and the 10th largest bank in the world, after merging with Unibanco.
The fourth largest bank in Brazil is Caixa EconÃ´mica Federal with assets of approximately US$401 billion in 2014. Caixa EconÃ´mica Federal, which posted profits of US$ 9.8 billion in 2013, is owned by the Brazilian government and is notably responsible for managing the countryâs state and national lotteries.