Nu México has operated as a bank since August 6, 2026, and closed that month with 112,638 million pesos in assets, equivalent to 0.68% of the 16.4 trillion pesos in the multiple banking system, according to data as of August from the National Banking and Securities Commission (CNBV).
The figure measures the size reached by a neobank that until recently operated as a Sociedad Financiera Popular (Sofipo). According to El CEO, the regulatory path began in October 2023 with the application for a banking license, approval came in April 2025 and, after the audits, Nu became the 54th bank in the system. The entity reported an NPL ratio of 6.79%, above the country's 2.29% average, though below Openbank (11.49%), Ualá (10.63%) and Plata (6.98%). The entry of a Brazilian-origin player with a banking license expands the number of institutions competing for deposits and consumer credit, and is a benchmark for the pace of digital financial inclusion in Mexico.
In the ranking by assets, Nu holds 24th place among 54 banks and surpasses other digital or recently created entities: Kapital totals 83,886 million pesos, Plata 34,653 million, Openbank 26,936 million, Hey Banco 15,579 million and Ualá 6,105 million. Its loan portfolio reached 37,391 million pesos, 23rd in the system, total deposits stood at 97,184 million and liabilities totaled 100,259 million. Of consumer credit, 27,497 million corresponds to credit cards and 5,473 million to personal loans, with NPL ratios of 6.46% and 8.37%, respectively. Net income was 396 million pesos in August.
In November, Estephany Paulette Ley will take over as CEO, replacing Armando Herrera, and Rodrigo Kuri will chair the Board of Directors. The first full quarter as a bank and the comparison with the so-called G8, made up of the eight banks of systemic importance, will shape the next reading of the scale that digital banking reaches in the Mexican financial system.
This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.