In 2025, Itaú Unibanco was the largest bank in Brazil based on total assets, with total assets exceeding *** billion U.S. dollars. Banco do Brasil ranked second, with assets amounting to approximately billion U.S. dollars. The total value of assets of Brazilian banks added up to roughly *** trillion U.S. dollars in 2023, a figure that has been consistently increasing since 2002.
Brazilian banking network
Brazil was the country with the highest number of bank branches in Latin America, with branches in 2023. However, in terms of accessibility, the South American country lags some regional counterparts. In 2023, the density of bank branches in Brazil reached only ** per 100,000 adults; in comparison to ** bank branches per 100,000 adults in Mexico.
Digital banks in Brazil
With the use of financial technology increasing around the world, online banking is becoming ever more popular, and the Brazilian market is no exception. In fact, Brazil is home to one of the leading digital banks worldwide, Nubank. Nubank's active users increased sharply in 2024, exceeding ** million, and its operating revenue reached over ** billion U.S. dollars.
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S&P Global, & Nubank. (April 28, 2026). Largest banks in Brazil as of December 2025, by total assets (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/857454/leading-banks-brazil-total-assets/
S&P Global, und Nubank. "Largest banks in Brazil as of December 2025, by total assets (in billion U.S. dollars)." Chart. April 28, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/857454/leading-banks-brazil-total-assets/
S&P Global, Nubank. (2026). Largest banks in Brazil as of December 2025, by total assets (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/857454/leading-banks-brazil-total-assets/
S&P Global, and Nubank. "Largest Banks in Brazil as of December 2025, By total Assets (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 28 Apr 2026, /statistics/857454/leading-banks-brazil-total-assets/
S&P Global & Nubank, Largest banks in Brazil as of December 2025, by total assets (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/857454/leading-banks-brazil-total-assets/ (last visited July 24, 2026)
Largest banks in Brazil as of December 2025, by total assets (in billion U.S. dollars) [Graph], S&P Global, & Nubank, April 28, 2026. [Online]. Available: /statistics/857454/leading-banks-brazil-total-assets/
