To be fair, you have to compare credit portfolios by product and customer size. That is how the Central Bank reports and tracks these numbers. Nubank offers co

To be fair, you have to compare credit portfolios by product and customer size. That is how the Central Bank reports and tracks these numbers. Nubank offers consumer credit (credit card, personal loans), but you're comparing portfolios that include mortgages, large companies, industry, agriculture, etc. Similarly, the default rate of the entire portfolio varies according to the product mix, so you can't compare that way.