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nubank

15
Nov

Nubank sees profit surge in Q3

Brazil’s Nubank had a strong third quarter in which its adjusted net profit reached US$592 million, beating the US$559 million expected by the London Stock Exchange Group. The Brazilian online lender’s annualized non-adjusted return on equity, a measure of profitability, reached a record 30%. According to Reuters, the profitability increase…
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20
Sep

Does Nubank have an NPL problem?

Brazil’s Nubank is unique among digital banks globally because it is both unusually large in terms of customers and profitable. Other profitable online lenders, such as Korea’s Kakao Bank – which has about 22 million customers – much smaller. Even Revolut is less than half as large as Nubank. However,…
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20
Aug

Nubank is both big and profitable

Brazil’s Nubank is continuing to prove the naysayers wrong. In the second quarter, the massive digital lender nearly doubled its net income from a year earlier to US$487 million. Revenue reached a record US$2.8 billion. It now has 104.5 million customers, including about 60% of Brazil’s adult population. The bank…
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Established in 2007, Kapronasia, an Atlas Technologies Group Company, is a leading consulting and market research firm specializing in fintech, banking, payments, and capital markets. Our services aim to equip clients across the region with the necessary insights to capitalize on their most valuable opportunities and maintain a competitive edge in the market.

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