The number of commercial bank branches in Brazil has shown a declining trend since 2014, when it peaked at 21.24 units per hundred thousand adults. As of 2023, this figure stood at 16.24 units. Year-on-year variation for the past two years has been negative, with a decline of 2.86% in 2022 and 2.4% in 2023. The 5-year compound annual growth rate (CAGR) for the period from 2018 to 2023 shows a consistent decline of approximately 3.07% annually.
Future trends to watch for:
- Impact of digital banking adoption on physical branches.
- The economic factors influencing bank consolidation and branch closures.
- Regulatory changes affecting the banking sector's infrastructure.
- Potential market adjustments in response to changing customer behaviors and preferences.
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