*Nubank, Brazil’s largest digital bank, has released its latest financial results, which show a net profit of US$552.6m for the fourth quarter of last year, bringing the total annual profit for 2024 to US$1.97bn. The latest quarterly result marked a slight decrease from the net profit of US$553.4m in Q3 2024 but an increase from US$360.9m in Q4 2023. The annual result for 2024 marks a significant rise compared to the net profit of US$1.03bn for 2023. In its latest report, Nubank highlighted a yearly rise in customers, closing 2024 with a total of 114.2m customers, up from 93.9m in 2023.
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LatinNews Daily - 21 February 2025
In brief: Brazilian digital bank Nubank posts higher profit in 2024
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