Nubank Receives BC Approval to Buy Bank and Use Banking License
Graduated in journalism from Faculdade Cásper Líbero, he writes about politics, sports, and international affairs. Before joining Revista Oeste, he collaborated at the Legislative Assembly of the State of São Paulo and the Brazilian Television System (SBT).
TL;DR
- Nubank received approval from the Central Bank on November 13, 2026, to acquire Banco Porto Real de Investimentos.
- The acquisition allows Nubank to obtain a banking license in Brazil and maintain the 'bank' designation in its brand.
- The purchase, announced in July 2026, was kept confidential regarding its value.
- This move expands Nubank's authorizations in the national financial system to three licenses: Payment Institution, Credit, Financing and Investment Society (SCFI), and Securities Broker (CTVM).
- Nubank now holds over 120 million clients in Brazil after 13 years of operation.
- The decision aligns with a November 2025 regulation by the Central Bank and National Monetary Council (CMN) restricting the use of terms like 'banco' and 'bank' by unlicensed institutions.
- Nubank joined the Brazilian Federation of Banks (Febraban) in March, becoming the largest private financial institution in Brazil by customer count, surpassing Bradesco and Itaú.