Foreign banks with offices in Brazil
With the economic importance of Brazil, several foreign banks have opened representative offices and even branches offering consumer banking services in the country. In this article, we have made a selection of the most important foreign financial institutions operating in Brazilian cities.
The great majority of foreign banks’ offices are located in São Paulo city, mostly concentrated at Paulista Avenue and Brooklin and Itaim Bibi areas. Most of them are only offices that offer no consumer banking services, but yet investment options.
The selection made for this article is based on a study made by ABBI – Associação Brasileira de Bancos Internacionais (Brazilian Association for International Banks).
Africa
Out of all the continents, this is the one with least number of representatives in Brazil (with the exception of Ocenia) and the two financial institutions selected for this list are from South Africa. Angola, Cape Verde, Mozambique and Guinea-Bissau, despite being Portuguese speaking countries, have no representatives in Brazil.
America
North America
American banks are strong in Brazil, especially those working with investments. Bank of America, for example, has invested in several Brazilian brands, such as Natura, Gol, Gafisa, TAM, Usiminas and Petrobras, only to name a few.
- Bank of America Merrill Lynch
- Banco Cargill
- Banco Commercial Investment Trust do Brasil S/A
- Ernst & Young Terco Auditores Independentes S/S
- Goldman Sachs do Brasil Banco Múltiplo S/A
- J.P. Morgan
- Banco Morgan Stanley
- Bank of New York Mellon
- Philadelphia National
- RBC Brasil Distribuidora de Títulos e Valores Mobiliários (Royal Bank of Canada)
- Union Bank of California Serviços Ltda
- Western Union S.A.
South America
The South American representatives in Brazil are basically restricted to Argentina and Uruguay.
- Interbank Peru Repres. E Part. Brasil Ltda
- Banco de La Nacion Argentina
- Banco de La Provincia de Buenos Aires
- Banco de La República Oriental del Uruguay
Asia
With a significant presence of Asian people and companies in Brazil (especially in São Paulo), the number of Asian banks in the country is considerably low.
- Banco ABC-Brasil S/A
- Bank of China Brasil
- Banco KEB do Brasil S/A
- Mizuho Corporate Bank
- Banco Sumitomo Mitsui Brasileiro S/A
- Banco de Tokyo-Mitsubish UFJ Brasil S/A
- Banco Woori Bank do Brasil S/A
Europe
Strongly present in Brazil, European banks are not restricted to investments as some of them have been completely inserted in the Brazilian consumer banking market, such as the British HSBC and the Spanish Santander, being listed among the ten major Brazilian banks.
- Banco Barclays S/A
- Banif – Banco Internacional do Funchal (Brasil) S/A
- Banco de Investimentos Credit Suisse (Brasil) S/A
- BNP Paribas
- BPN Brasil
- Banco Rabobank International Brasil S/A
- Banco Santander
- Banco Société Générale Brasil S/A
- Banco Sadabell S/A
- Banco Volkswagen S/A
- Banco WestLB do Brasil S/A
- CIC do Brasil – Credit Industriel et Commercial Consultoria Financeira Ltda
- Credit Suisse Hedging-Griffo Corretora de Valores S/A
- Deloitte Touche Tohmatsu Consultores Ltda
- Deutsche Bank S/A
- HSBC
- ING Bank NV
- Intesa SanPaolo S.p.A
- KPMG Auditores Independentes
- Natixis Brasil S/A Banco Múltiplo
- Nordea
- Novacaixagalicia Brasil
- PrincewaterhouseCoopers Auditores Independentes
- Scania Banco S/A
- Scotiabank Brasil S/A Banco Múltiplo
- Skandinaviska Enskilda Banken
- UBI Banca – Unione di Banche Italiane Scpa