Nu México reports assets of 112,638 million pesos following banking debut

Nu México, a subsidiary of the Brazilian firm Nubank, officially transitioned from a financial services company (Sofipo) to a bank on August 6, 2026. According to data from the National Banking and Securities Commission (CNBV), the company reported assets totaling 112,638 million pesos at the end of August, representing 0.68% of the Mexican banking system. This asset volume places Nu México 24th among the 54 banks operating in the country.

In its first month of formal banking operations, Nu México reported a delinquency rate of 6.79%. While this is higher than the national average of 2.29%, it is lower than several other neobanks in Mexico, including Plata (6.98%), Ualá (10.63%), and Openbank (11.49%). The bank's consumer credit portfolio reached 32,966 million pesos, consisting of 27,497 million pesos in credit cards and 5,473 million pesos in personal loans.

The company also announced leadership changes: Estephany Paulette Ley will assume the role of CEO in November 2026, succeeding Armando Herrera. Additionally, Rodrigo Kuri has been appointed Chairman of the Board of Directors for the Mexican subsidiary.