Half of Brazil’s Municipalities No Longer Have a Bank Branch

Brazil · Banking Key Facts The gap. 2,649 Brazilian municipalities — 48 percent of the country — have no in-person bank service at all, affecting 19.7 million people. The closures. The branch network has shrunk 42 percent since 2015, from 22,928 branches to 14,381. That is roughly thirty closures a week. Last one out. 638…