Interest income as share of revenue of selected leading digital banks worldwide 2023
The role of interest income emerged as increasingly vital for digital banks throughout 2023, with all major players in the sector reporting higher proportions of interest-based revenue compared to 2022. Starling Bank demonstrated particularly strong performance in this area, with interest income comprising 86 percent of its total revenues, marking a significant increase from 78 percent in the previous year. Similarly, Nubank showed substantial reliance on interest-generated income, which constituted 74 percent of its overall revenue stream.