Banco do Brasil (Bank of Brazil or BB) is a Brazilian financial institution, incorpoorated as a mixed company, with participation of the Brazilian Government in 73% of the shares. Along with Caixa Economica Federal, Banco Nacional de Desenvolvimento Economico e Social, Banco da Amazônia and Banco do Nordeste, Banco do Brazil is one of five state-owned banks by the Brazilian government.
Top banks in Brazil
HSBC Brasil Bank is part of HSBC Group, an international corporation based in London and present in 80 countries and territories.
Citibank Brasil is a subsidiary of U.S. financial institution of origin U.S headquartered in Sao Paulo.
Santander Brasil Bank is a subsidiary of Banco Santander in Brazil. It came to Brazil in 1982 with a representative office and nine years later in 1991 started the operations of Santander Investment. Now the Brazilian operation unit corresponds to 50% of the Group’s profit.
Banco Itau is a Brazilian bank headquartered in São Paulo. It is the arm of Itaú Unibanco Holding SA, which offers finance and insurance to tens of millions of customers, operates in more than 27 countries. The bank became the largest bank in the South America after announcing the merger with Unibanco on November 3, 2008, surpassing its historic rival, Bradesco.
Caixa Economica Federal (CEF), also known as just Caixa Economica is a financial institution, in the form of public enterprise of Brazilian federal government with its own assets and administrative autonomy based in Brasilia (DF) and branches throughout the country. CEF act as an agency under the Ministry of Finance of Brazil.
Banco Votorantim is positioned among the top ten banks operating in Brazil in terms of total assets, which totaled R$ 46.0 billion in 2005 (25.9% increase compared to the previous year). Stands out for the consistency of the results, with average annual growth of 40% in the last five years, reflecting the agility to anticipate market trends and skills in structuring financial transactions tailored to its customers. The bank is among the 600 largest domestic and multinational companies operating in the country, institutional investors and individuals with private profile.
Bradesco bank is the second largest private bank in Brazil (in total assets). It was founded in 1943 in Marília, São Paulo, by Colonel Galdino de Almeida and grew mostly through mergers and acquisitions. Its original name was Casa Bancária Nogueira & Almeida, and then, Banco Brasileiro de Descontos S.A., whose acronym was “Bradesco”, which became the company name.
Banco Safra is one of the ten largest financial institutions in Brazil in terms of total assets. Its headquarters is located on Avenida Paulista, in the heart of Sao Paulo. The bank operates in all areas banking services and its target audience are companies as well as individuals with a high purchasing power. The Bank is part of the Safra Group – one of the largest and most prestigious financial institutions in Brazil and the world.