RIO DE JANEIRO, BRAZIL – Brazil’s four “big’ banks are very profitable for shareholders but are not among the best in the country.
Most clients who deal with these institutions know these institutes charge you for everything and anything. Or in other words: they serve their “masters” (shareholders) very well and their customers poorly.
Research by Economatica shows that in Brazil, four banks are among the banks with the highest profitability in relation to equity, return on equity (ROE).
They are:
Santander Brazil: 18.9%;
Itaú: 17.3%;
Banco do Brasil: 15.7%;
Bradesco: 15.2%.
The ranking is headed by the U.S. banks Capital One (20.4%) and Ally Financial (ROE of 19.3%).
“Large banks” include institutions with more than US$100 billion in assets as of December 2021.