Nu Holdings (Nu Holdings) Credit Losses Provision : $2,285 Mil (As of Dec. 2023)

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What is Nu Holdings Credit Losses Provision?

Nu Holdings's credit losses provision for the three months ended in Dec. 2023 was $592 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $2,285 Mil.

Nu Holdings's quarterly credit losses provision increased from Jun. 2023 ($590 Mil) to Sep. 2023 ($628 Mil) but then declined from Sep. 2023 ($628 Mil) to Dec. 2023 ($592 Mil).

Nu Holdings's annual credit losses provision increased from Dec. 2021 ($481 Mil) to Dec. 2022 ($1,405 Mil) and increased from Dec. 2022 ($1,405 Mil) to Dec. 2023 ($2,285 Mil).

Nu Holdings Credit Losses Provision Historical Data

The historical data trend for Nu Holdings's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nu Holdings Credit Losses Provision Chart

Nu Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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175.18

169.49

480.64

1,404.91

2,285.22

Nu Holdings Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial											415.22	474.80	590.43	627.51	592.48

Nu Holdings Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,285 Mil.

Nu Holdings (Nu Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nu Holdings Ltd (NYSE:NU) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

NU:Mexico M1Z:Germany M1Z:Germany M1Z:Germany ROXO34:Brazil

Address

Willow House, Cricket Square, 4th Floor, Grand Cayman, CYM, KY1-9010

Website

https://www.nubank.com.br

Nu Holdings Ltd is engaged in providing digital banking services. It offers several financial services such as Credit cards, Personal Account, Investments, Personal Loans, Insurance, Mobile payments, Business Accounts, and Rewards. The company earns the majority of its revenue in Brazil.