Top 25 Latin American Banks

Itaú Unibanco Holding is the largest financial services company in Latin America in terms of total assets. Latin America's 25 largest banks had combined assets of 3.0 trillion at the beginning of 2023. Banks were ranked by total assets as of December 31, 2022.

N Company Assets, US$ billion
1 🇧🇷 Itaú Unibanco Holding 439.50
2 🇧🇷 Banco do Brasil 379.78
3 🇧🇷 Banco Bradesco 340.41
4 🇧🇷 Caixa Econômica Federal 300.63
5 🇧🇷 Banco Santander (Brasil) 186.41
6 🇲🇽 BBVA México 158.31
7 🇲🇽 Grupo Financiero Banorte 106.12
8 🇨🇱 Banco de Crédito e Inversiones 98.10
9 🇲🇽 Banco Santander México 92.97
10 🇨🇱 Banco Santander-Chile 87.74
11 🇧🇷 Banco BTG Pactual 85.24
12 🇲🇽 Grupo Financiero Citibanamex 84.50
13 🇨🇴 Bancolombia 72.79
14 🇨🇱 Banco de Chile 69.36
15 🇨🇱 Banco Estado 67.20
16 🇨🇴 Grupo Aval 60.99
17 🇨🇱 Scotiabank Chile 57.72
18 🇧🇷 Banco Safra 50.76
19 🇵🇪 Banco de Crédito del Perú 50.11
20 🇨🇴 Grupo Bolívar 41.96
21 🇲🇽 HSBC México 40.67
22 🇲🇽 Scotiabank México 38.85
23 🇦🇷 Banco de la Nación Argentina 33.42
24 🇵🇦 BAC Holding 32.24
25 🇲🇽 Inbursa 30.41
Total 3,006

Source: Bank Financial Reports