The Top Five Banks in Brazil Based on Tier 1 Capital

Banco Do Brasil is the largest bank in Brazil based on Tier 1 Capital according to a report in The Banker magazine. The table below shows the Top 5 Brazilian banks based on Tier 1 Capital:

Click to enlarge

Source: The Banker

Tier 1 capital shows the financial strength of a bank. So higher the number the stronger the bank.

Based in Brasilia, Banco Do Brasil (BDORY) was founded in 1808 and is one of the oldest banks in the world.The bank is state-owned. Currently the ADS pays a dividend of 9.57%.

Itau Unibanco Holding SA (ITUB), Banco Bradesco SA (BBD) and Banco Santander Brasil SA (BSBR) have dividend yields of 2.95%, 2.80% and 3.80% respectively.

Note: Dividend yields noted are as of Nov 8, 2013. Data is known to be accurate from sources used.Please use your own due diligence before making any investment decisions.

Disclosure: Long ITUB and BBD