Number of banks reached 118 banks in 2018 in Brazil, according to the National Central Bank. This is 2.48 % less than in the previous year.
Historically, number of banks in Brazil reached an all time high of 137 banks in 2004 and an all time low of 118 banks in 2018. When compared to Brazil's main peers, number of banks in Bolivia amounted to 9.00 banks and 15.0 banks in Peru in 2018.
Brazil has been ranked 14th within the group of 151 countries we follow in terms of number of banks, 3 places above the position seen 10 years ago.