Brazil Banks April SCR Data Analysis

Brazilian S2 banks (including NuBank) continued to gain market share in credit cards and personal loans in April 2026, while the overall industry saw NPL deterioration.

Key Takeaways

• 1.S2 institutions (primarily NuBank) gained 100bps of market share YTD in both credit cards and personal loans, mostly at the expense of large S1 incumbent banks.
• 2.Asset quality is deteriorating across the industry, with NPLs for credit cards rising 60bps and personal loans rising 40bps month-over-month in April.
• 3.Rural NPLs continue to rise, posing a specific risk for Banco do Brasil which maintains a 70% market share in this segment.

Table of Contents

• April SCR data: Updated data shows market share gains in credit cards and personal loans for S2 institutions
• Update in S1 banks' data allows complete industry view
• S2 institutions have gained the most market share in credit cards
• As well as in personal loans, particularly in middle income
• Updated credit data with market share trends per income range
• Middle income credit cards deteriorated more than low income
• S1 institutions showed the most deterioration in personal loans
• Rural NPLs continues to rise
• Auto loans, payroll loans and mortgages
• Corporate and SME loans
• Valuation and risks
• Disclosure Appendix

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