Brazil’s Big Three Banks Shut 938 Branches in One Year

2026-02-11 - 19:45

Key Points — Itaú Unibanco, Santander Brasil, and Bradesco closed 938 branches in 2025 — topping the 800+ shut in 2024 — and ended the year with 4,878 locations as all three accelerate their shift to digital channels. — Itaú invested R$11.7 billion in technology (up 18.2%) and migrated 15 million customers to a single