Includes special features of this country’s banking system and rules/laws that might impact U.S. business.
Last Published: 7/5/2017
The Brazilian banking system today is extremely efficient. Most banks have sophisticated Internet sites offering most, if not all, of their products and services. Bank branches are numerous and nearly all cities in the country have at least one major bank branch. The five largest banks have approximately 15,000 branches throughout Brazil. International operations are centralized at the bank’s headquarters, usually in São Paulo or Rio de Janeiro, although major branches at larger cities may handle routine operations involving trade finance. All Brazilian banks have a number of correspondent banks around the world.

Number of Foreign Banks and Origin
According to the Brazilian Central Bank, of the top 10 banks in Brazil ranked in December 2016 by assets, three are state owned banks (Banco do Brasil, Caixa Economica Federal and Banrisul); five are private Brazilian banks (Bradesco, Itaú-Unibanco, Votorantim, Safra and BTG Pactual); two are foreign (Banco Santander from Spain and Citibank).
Of the top 50 banks in Brazil, 20 are foreign owned or controlled, ranked by assets as follows (as of December 2016):
 
Banks in Brazil

 
Country# of BanksBanks (ranking)
U.S.A.6Citibank (ranking 9th); JP Morgan (13th); BofA Merrill Lynch (24th); Morgan Stanley (29th); John Deere Bank (39th) and Cargill Bank (48th)
Germany1Deutsche Bank
Netherlands2RaboBank Int’l, ING
U.K.1Barclays
France3Societé Générale, BNP Paribas, Crédit Agricole
Spain1Santander
Switzerland1Credit Suisse
Bahrain1ABC Brasil
Japan3Tokyo-Mitsubishi, Sumitomo and Mizuho
Canada1Scotiabank
Source: Brazilian Central Bank

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    Brazil Market Access Banks