Bradesco – Brazil’s second largest bank – is used to playing second fiddle in terms of size and financial metrics to rival Itaú. However, in 2021, it was pushed into third place in terms of private sector return on equity (ROE), with 15.2% compared to Santander Brasil’s 18.9% and Itau’s 17.33%.
That has got to hurt.
Add in to the mix a resurgent Banco do Brasil with 15.7% ROE, which, according to consultancy Economatica, now puts Bradesco at lowly fourth spot.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
