🏦 Big Banks

Fintech’s rapid growth meets the deep pockets of legacy banks.

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Latinometrics
November 19, 2024 • Reading Time: 1 minute

Welcome to Latinometrics. We bring you Latin American insights and trends through concise, thought-provoking data visualizations.

Banks 🏦

Brazil's top five banks—Banco do Brasil, Itaú, Caixa, Bradesco, and Santander—now manage over $2 trillion in assets.

To put this into perspective, the most expensive project in NYC, One World Trade Center, cost $3.8B. These five banks are worth about 526 One World Trade Centers.

If you thought fintech disruption was shrinking their size, you were wrong. In 2022, their assets totaled $1.5T, which means they grew 33% in just two years.

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