Nubank quarterly customer deposit growth 2021-2024
Nubank's customer deposit growth showed significant fluctuations between the fourth quarter of 2021 and the third quarter of 2024, with an increasing trend in recent quarters. It started with robust growth of 73.2 percent in the fourth quarter of 2021, followed by a significant surge to 129 percent in the first quarter of 2022. However, growth rates gradually moderated in the coming quarters. The trend continued with slower growth rates of 25 percent in the first quarter of 2023, and 35 percent in the second quarter of 2023. There was a notable uptick at the end of 2023 and in early 2024, with deposit growth reaching 54 percent in the first quarter of 2024.
