Business · Companies · 2 hrs ago
Nubank gets approval to buy bank and gain a Brazilian banking licence
Brazil’s central bank approved Nubank’s purchase of Banco Porto Real de Investimentos, a smaller lender based in Rio de Janeiro state.
The deal, announced in July, will give the digital bank a banking licence in Brazil.
That licence will be added to the three types of financial licences Nubank already holds in the country.
Brazilian rules govern which financial institutions can use “bank” or “bank” in their name.
Nubank says the new licence will not add capital or liquidity requirements.
The company has more than 120 million customers in Brazil and 143 million worldwide, including in Mexico and Colombia.
Nubank says the purchase will close in the coming days.
Brazil’s Central Bank approved Nubank’s purchase of Banco Porto Real de Investimentos, giving the digital bank a route to a banking licence in Brazil.
Nubank said the acquisition, announced in July, is expected to be completed in the coming days.
The licence will let Nubank use “bank” or “banco” in its name under Brazilian rules.
It will add to the three licences the company already holds in Brazil.
Nubank said the new licence will not bring additional capital or liquidity requirements.
- Who
- Nubank and Banco Porto Real de Investimentos.
- What
- Brazil’s Central Bank approved Nubank’s acquisition of Banco Porto Real. The deal will give Nubank a banking licence in Brazil.
- When
- The approval was announced on 13 November 2026. The deal is expected to be completed in the coming days.
- Where
- Brazil.
- Why
- The licence will allow Nubank to use “bank” or “banco” in its name under Brazilian rules.
This story does not have two clearly opposing sides.
Nubank joined the Brazilian Federation of Banks (Febraban).
Nubank announced its planned purchase of Banco Porto Real.
Brazil’s Central Bank approved the acquisition.
Nubank said the acquisition is expected to be completed.
- Target bank
- Banco Porto Real de Investimentos
- Existing licences
- 3: payment institution, finance company and securities broker
- Additional requirements
- No additional capital or liquidity requirements, according to Nubank
- Brazil customers
- More than 120 million, according to Nubank
- Global customers
- About 143 million at the end of the third quarter
4 sources
BC aprova compra de banco pelo Nubank, que passará a ter licença bancária no Brasil
Nubank recebe aval do BC para comprar Banco Porto Real e, assim, obter licença bancária no Brasil
Nubank recebe aprovação do Banco Central para ter licença bancária
Nubank recebe aval do BC para ter licença bancária e conclui compra do Banco Porto Real
What people are saying
The inclusion of the new licence in Nu Pagamentos S.A.’s prudential conglomerate does not impose additional capital or liquidity requirements
In thirteen years, we have reached more than 120 million customers in Brazil. The banking licence continues this path and reinforces our commitment to those who are with us and to the national financial system