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Number of Banks in Brazil

Source: IMF
Last Updated: June 19, 2023

Number of banks reached 121 banks in 2020 in Brazil, according to the National Central Bank. This is 2.54% more 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 2019.

Brazil has been ranked 14th within the group of 148 countries we follow in terms of number of banks.


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