Portuguese banks Espírito Santo and Banif amongst 10 largest investment banks in Brazil

26 June 2007

Sao Paulo, Brazil, 26 June – Portuguese banks Espírito Santo (BES) and Banif are amongst 10 largest investment banks working in the Brazilian market, according to the financial annual of newspaper Valor Economico.

BES Investimento occupies the fourth position in the list, with total assets of 1.87 billion reals, with profit of 25 million reals last year.

Banif is ranked 10th, with assets of 334.1 million reals and profit of 4.2 million.

The Brazilian list of investment banks is currently led by Alfa de Investimento, followed by Credit Suisse and Banco do Brasil.

The annual’s writers said, however, that the list is likely to change this year, with the entry into the market of investment banks controlled by Bradesco and Itaú, the biggest private banks.

Bradesco Banco de Investimento (BBI), for example, aims to lead the sector within three years, Valor Economico said. (macauhub)

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