In May 1964, the Central Bank of Brazil was created. It regulates the activities of Brazilian banks and serves as the nation’s primary monetary authority. The central bank also assists the ministry of finance in making crucial decisions, among other tasks.
- Controlling the nation’s finances and economy.
- Managing operations related to overseas trade.
- Representing the national treasury by acting.
Given a more favorable operating climate during the ensuing 12 to 18 months, the outlook for the Brazilian banking sector has changed from negative to stable.
This ranking of Brazil’s top banks is a useful starting point for anyone thinking about a career in banking there. The fact is that numerous international banks operate branches in Brazil and offer valuable experience in the country.
The Best Brazilian Banks
The top banks in Brazil are listed below:
Brazilian Bank
One of the oldest and biggest banks in Brazil was established in 1808 and is called Banco do Brasil. It offers banking goods and services to the general public, businesses, and the government. It has a million or so employees and its headquarters are in Brasilia. It serves around 64 million clients and runs 5,440 branches and 66,500 service locations.
Bradesco Bank
In 1843, Banco de Bradesco was founded. It offers a variety of banking goods and services to private citizens, businesses, and institutions. It has a staff of about 78,000 people and is based in Osasco. It oversees a network of 3,821 service locations, 5,314 retail and prime branches, and services about 73 million clients.
Safra Bank
Banco Safra, a company founded in 1955, is a member of the Safra Group of banks and financial organizations. It offers commercial banking services like leasing, underwriting, foreign exchange, and loans for real estate. It has about 9,300 employees and is based in Sao Paulo. Additionally, Banco Safra provides services for asset management, insurance operations, stock trading, and treasury management.
Santander Bank Brazil
In 1985, Banco Santander Brasil was established. Commercial and international wholesale banking categories are how it conducts business. Its headquarters are in Sao Paulo, and it has about 50,000 employees. It runs about 3,700 branches and service centers and provides service to about 34.3 million consumers.
Unibanco Itau
As a wholesale investment and institutional treasury bank, Itau Unibanco conducts business. The financial institution, which has its main office in Sao Paulo, also has locations in Argentina, Chile, Paraguay, Uruguay, England, Luxembourg, Portugal, the United States, Japan, and China. together with the United Arab Emirates. Banco Itaú and Unibanco, two former Brazilian banks merged to form the bank, which was established in 1945. It runs 46,965 ATMs, 4,981 branches, and customer service branches, and employs about 97,000 people in Brazil.
The Bank for Brazilian Development (BNDES)
Established in 1952, the Brazilian Development Bank is one of the key providers of long-term finance in the country. It offers financial goods and services to private citizens, businesses, and institutions. It is based in Osasco.
Pactual BTG
BTG Pactual is a division of BTG Pactual Holding S.A., which has its main office in Sao Paulo. It was founded in 1983 and offers financial services and products in Brazil and other nations. The bank reported US$33.61 billion in total assets and a US$1.03 billion net profit in 2016.
Banrisul
The biggest bank in southern Brazil was founded in 1928 and is called Banrisul. It uses its funds from government organizations to offer financial services and goods such as personal loans, mortgages, and long-term financing. The bank has about 11,000 workers and is situated in Porto Alegre. It oversees a network of 593 ATMs, 473 agencies, and more than 1,312 service points.
Investment banking careers
There are a number of crucial areas to concentrate on if you want to break into investment banking. These consist of contacts, a resume, expertise, and financial modeling abilities.
