Portugal's fourth-largest lender Novo Banco expects its acquisition by France's BPCE to give it "massive firepower" to grow ...

Mr Bourke was CFO of AIB from 2014 to 2019, helping lead the bank through its IPO in 2017. He moved to Novo Banco as CFO ...

Groupe BPCE agreed to buy Novo Banco from majority owner Lone Star in the latest cross-border European banking deal, which values the Portuguese lender at 6.4 billion euros ($7.41 billion).

Novo Banco is said to be Portugal's fourth-largest lender and recorded its first profit in 2021, benefiting from increased net interest income as central banks raised interest rates.

Losses at Portugal's Novo Banco widened 25% in 2020 to 1.3 billion euros ($1.5 billion) after provisions for credit and asset risks and the coronavirus pandemic.

Novo Banco was created in 2014 from the collapsed BES after a state bailout, with Lone Star buying a 75% stake in 2017. The rest is held by the resolution fund, financed by Portugal's banks, and ...

Novo Banco's core Tier-1 (CET1) capital ratio stood at 20.8% at the end of 2024, more than double the central bank's minimum requirement, but the medium-term target is now between 13% and 13.5% ...

Novo Banco is getting ready to list on Lisbon’s stock exchange next month despite the unsteadiness in global markets fueled by trade war concerns. The Portuguese lender, which has been preparing ...

Losses at Portugal's Novo Banco, which was carved out of the collapsed Banco Espirito Santo, widened 25% in 2020 to 1.3 billion euros ($1.5 billion) after provisions for credit and asset risks and ...

LISBON—Portugal’s central bank said Tuesday that it has named Antonio Ramalho, president of the state-owned road and rail infrastructure company, as the new head of Novo Banco SA.

Novo Banco SA Chief Executive Officer Mark Bourke said he’d like to continue in the role after the Portuguese lender’s acquisition by French banking group BPCE is completed next year.