O Nubank announced this second-fair (15), adjusted net profit of US$ 17 million in the second quarter, practically the same level as in the same period of 2021, with US$ 17.2 million. When considering the accounting result, without adjustments, or the digital bank, there was a prejudgment of US$29.9 million between April and June, on top of two US$15.2 million in the same period of 2021.
Considering only Brazil, the largest market for fintech, the operation became non-blue this year, with net accounting profit of US$ 13 million in the first half. The digital bank reached 65.3 thousand clients, a jump of 57% in 12 months, considering the businesses in Brazil, Colombia and Mexico, the three countries where it operates. No credit, I have been more conservative in the last few months in the personal loan lines. The total portfolio increased to US$ 9.2 billion, expansion of 4.5% in one quarter.
Inadvertently, the analysts predicted that they would take a leap in fintech, due to the fact that two juros registered, it was practically stable, at 4.1%, considering the arrears of more than 90 days in operation in Brazil. At the end of March, the calotte tax was at 4.2% and 12 months ago, at the end of June 2021, at 2.9%. Taxes for delays between 15 and 90 days are also stable, at 3.7%. “We give very low limits”, say ao Broadcastreal-time news system of Grupo Estado, or CEO and founder of Nubank, David Vélez.
“We are announcing perhaps the best quarter of our history,” said Vélez. “We have made progress in all our metrics, with growth in the customer base, in the three countries where we are”, he added. Second, Nubank is now the largest credit card issuer in Brazil, and also the largest in Mexico and Colombia. “There are 65 thousand clients with more than 80% activation.”
The receipt of the digital bank for the first time surpassed the one-bill mark in a single quarter, beating US$ 1.2 billion, a jump of 230% in 12 months, excluding the effect of the exchange variation, according to the balance. Only bank customers will move US$ 20 billion with red cards between April and June, a rise of 94% before or in the same period of 2021.
“The financial margin has shown a clear expansion, from around 5% to 12 months to 9.7%. We are getting a pass or an increase in swearing for our clients”, said Vélez. At the same time, with measures as recently announced, in which Nubank will only remunerate customers who leave resources after 31 days, fintech is managing to increase its margins in this environment of higher oaths, explained Vélez. “In an environment where our margins are increasing, we clearly see positive indicators on the financial health of the business”, he added.
One of the most monitored measures in fintechs, the average income per active client (ARPAC in the English acronym), an indicator that shows that the bank is making money – monetizing – with its clients, grew 105% in a year in Nubank, in the US $7.8, on average. Analysts expect it to settle at US$7.5.
For the financial director of Nubank, Guilherme Lago, considering the oldest clients, or ARPAC pays US$ 20. Second to fintech, or Nubank is considered as the main bank for more than 55% two clients who have been there for more than a year like a company The Average Monthly Cost of Service per Active Client totaled US$ 0.8, remaining stable in relation to the same period of the previous year, excluding exchange variation.
No personal credit, Lago tells that the bank increased the sworn, or that it compensated or increased the cost of deposits of the digital bank. Inadvertently, the executive confirms that the normalization cycle may be reaching the end, after a period of low taxa of calotes during the covid pandemic. The stability of the indicator for short periods – from 15 to 90 days – can be an indication of movement.
Of a total of 65 thousand bank clients, 62.3 thousand are in Brazil, growth of 51% in 12 months. Já based on clients of small and medium companies grew 150% in 12 months, rising to 2 milhões.
We produce, or the bank’s red card, we have 29 million active clients, while 45 million have current accounts, to NuConta. No personal loan, only 4 thousand clients and in insurance, 700 thousand.
Source: CNN Espanol