The Private Sector's Big Three

The Private Sector's Big Three

Brazil

Brazil's three largest private sector banks together control 30% of the Brazilian banking system's $437 billion in assets. Banco Bradesco, Banco Itaú and Unibanco are large by regional standards, but the government still owns Banco do Brasil, the country's financial heavyweight. Bradesco may be one of the largest private sector banks in Latin America with its $47.55 billion asset base, but its clout pales alongside Banco do Brasil, which has almost $60 billion in assets. Banco Itaú clocks up pre-tax earnings each year of more than $1 billion. Still, Brazil's financial sy

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