Nu Holdings releases transcript of Q2 2026 earnings call
Reuters2026/08/19 18:48- Nu Holdings discussed Q2 2026 results with CEO David Velez, CFO Rob Livingston, Investor Relations Officer Guilherme Souto.
- Net income reached USD 1.1 billion; gross revenue USD 5.9 billion; efficiency ratio 19.5%; ROE 33%.
- Credit portfolio rose 37% year over year to USD 39.4 billion; deposits increased 18% to USD 45.3 billion; loan-to-deposit ratio 35%.
- Risk-adjusted NIM climbed to 12.4%; management cited lending growth, seasonality, disciplined risk expansion; Desenrola affected cost of credit by about 5%.
- Mexico received regulatory approval for a banking license; customers reached 139 million overall; Brazil launched Croma tier, following Ultravioleta rollout.
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