Nubank Is Taking New Look at Argentina Under Milei, CEO Says (2)

Nu Holdings Ltd. is reassessing prospects for Argentina as all of Latin America roots for the success of President Javier Milei, Chief Executive Officer David Vélez said.

Nubank, as the firm is known, “will watch” Argentina over the next 12 months, and is “taking a new look” at the country under Milei, who took over in December, Vélez said Wednesday in an interview at the Bloomberg New Economy at B20 in Sao Paulo.

Vélez said that while Brazil can still contribute to the bank’s growth, Mexico is the nation offering the biggest opportunity for now. He said 88% of ...