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rapfaria

Not sure abou that:

Credit portfolio in 2023:

Itaú - $1176 billion

Banco do Brasil - $1109 billion

Bradesco - $877 billion

Nubank - $91 billion

Nubank also had the highest default rate between them (some 6%).

It was great when it was created (fully digital, no credit score check for a credit card), but it is now dealing with the same problems as the big banks

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To be fair, you have to compare credit portfolios by product and customer size. That is how the Central Bank reports and tracks these numbers.

Nubank offers consumer credit (credit card, personal loans), but you're comparing portfolios that include mortgages, large companies, industry, agriculture, etc.

Similarly, the default rate of the entire portfolio varies according to the product mix, so you can't compare that way.

Exactly, which is why Nubank is miles away from "disrupting" the traditional banks, and not only at what Nubank does.

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