Nubank Gets Central Bank Approval to Acquire Banco Porto Real
The acquisition grants the digital bank a full banking license and the right to use the term bank in its official name.
The Central Bank has authorized Nubank to acquire Banco Porto Real de Investimentos. This operation allows the financial institution to incorporate an official banking license into its conglomerate in Brazil.
The deal was originally announced in July 2026. The transaction is expected to close in the coming days according to an official statement from the company. The financial value of the acquisition was not disclosed to the market.
With the new license, Nubank now meets the standards set by the National Monetary Council to use the terms bank or banco in its name. The company already holds authorizations as a payment institution and a securities brokerage.
Nubank emphasized that the inclusion of this license in the conglomerate does not require additional capital or liquidity injections. The institution ended the third quarter with a net profit of 1.1 billion dollars.
The digital bank's customer base reached 143 million people across its total operations. In Brazil, the group accounts for more than 120 million active users.
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