In this article, we will look at the 5 biggest Latin American banks. If you wish to look at our detailed analysis, you can skip to 15 Biggest Latin American Banks.
5. Banco Santander (Brasil) S.A. (NYSE:BSBR)
Total Assets: $186.41 billion
With total assets of $186.41 billion as of December 31, 2022, Banco Santander (Brasil) S.A. (NYSE:BSBR) ranks fifth on our list. The bank reported $9.76 billion in revenue For Q4 of FY2023 and a net income of $2.05 billion. Banco Santander (Brasil) SA (NYSE:BSBR) has more than 55,000 employees as of 2023.
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4. Caixa Econômica Federal
Total Assets: $300.63 billion
Headquartered in Brasília, Brazil, Caixa Econômica Federal is a financial services institution owned by the Brazilian federal government. As of December 31, 2022, the bank has $300.63 billion in total assets. That makes it the fourth-largest bank in Brazil and Latin America as well.
3. Banco Bradesco SA (BVMF:BBDC4)
Total Assets: $340.41 billion
With total assets worth $340.41 billion, Banco Bradesco SA (BVMF:BBDC4) ranks third on our list of the 15 biggest Latin American banks. The institution is headquartered in Osasco, which is a municipality in the state of São Paulo, Brazil. Banco Bradesco SA (BVMF:BBDC4) has over 74,000 employees, and is the third largest bank in Brazil.
2. Banco do Brasil SA (BVMF:BBAS3)
Total Assets: $379.78 billion
Banco do Brasil SA (BVMF:BBAS3) ranks second on our list with total assets worth $379.78 billion as of December 31, 2022. The financial institution is headquartered in Brasília, Brazil. It is the second-largest bank in Latin America and also the second-largest in Brazil.
1. Itaú Unibanco Holding SA (BVMF:ITUB4)
Total Assets: $439.50 billion
Headquartered in São Paulo, Brazil, Itaú Unibanco Holding SA (BVMF:ITUB4) is a Brazilian financial services company that ranks first on our list of the 15 biggest Latin American banks. The bank has total assets worth $439.50 billion as of December 31, 2022. As of 2022, Itaú Unibanco Holding SA (BVMF:ITUB4) has more than 100,000 employees.
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