According to the ranking released by Economatica, a company known for its analyzes related to the financial market, four Brazilian banks are among the 10 most profitable in the world. This last survey took into account the annual balance sheets for the year 2021 of the banks with more than US$ 100 billion in assets and whose shares are traded on the São Paulo Stock Exchange New York. To learn more about these four Brazilian banks among the most profitable in the world, read the full article.
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The complete list has 39 banks that reached assets above US$ 100 billion. The first two places on the list are made up of US banks. Are they the Capital One, which leads the ranking with a ROE of 20.4%, followed by the bank Ally Financial, with ROE of 19.3%.
In third place, and first Brazilian bank on the list, is Santander, with 18.9%. Until 2017, this bank ranked fourth among Brazilians in the Economatica list. Its equity rate, as of 2016, grew from 9.7% to 18.9% in December 2021.
The other three major Brazilian banks on the list – Bank of Brazil, Itaú Unibanco It is Bradesco – had a significant drop in ROE over the years. This occurred while the US banks – Capital One, Ally Financial, JPMorgan, SBV Financial – and the Brazilian Santander saw a significant increase compared to 2010.
Brazilians had, between 2016 and 2019, a sequence of growth that ended up being interrupted by the results of 2020. However, in relation to the profitability of that year, these banks managed, now in 2021, to acquire a recovery equivalent to the median of 4.4 points.
The median profitability of large Brazilian banks has always been higher than that of North American banks, when analyzing the period from 2010 to 2021. However, the distance ended up being reduced during the last few years (such as 2020, mentioned above). However, Brazilian banks are still more profitable.
