Largest banks in Brazil 2023, by market capitalization

Published by Statista Research Department, Aug 22, 2024

At the end of 2023, Itaú Unibanco was the largest bank in Brazil in terms of market capitalization. The bank had a market cap of 68.13 billion U.S. dollars, significantly higher than Banco Santander, second in the ranking. Nu Holdings, the leading digital bank in Brazil, ranked third, with a market cap of 39.6 billion U.S. dollars. 

Largest banks in Brazil in 2023, by market capitalization (in billion U.S. dollars)

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Release date

August 2024

Region

Brazil

Survey time period

2023

Supplementary notes

Release date is date of access. 

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Statistics on " Banking industry in Brazil "

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Overview

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Banking system efficiency and stability

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Digital banking

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