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

Novo Banco, the "good bank" being carved out of Portugal's troubled lender Banco Espirito Santo (BES.LS), has started with assets worth 59.6 billion euros (47.19 billion pounds), Novo Banco said ...

The future of Portugal’s Novo Banco is taking a clearer shape as US private equity firm Lone Star signals its intention to pursue an initial public offering (IPO) for a stake of up to 30% in the ...

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 could be valued at between 4.8 billion and 6.2 billion euros ($5.43 billion-$7.02 billion), Spanish brokerage JB Capital Markets estimated in a mid-February research report.

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 SA Chief Executive Officer Mark Bourke said he’s making sure the Portuguese lender is prepared for an initial public offering in case that’s the path picked by majority shareholder ...

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% ...

Lei que regula Banco de Portugal só admite auditorias do Tribunal de Contas. "Questão jurídica" suscitada por auditoria da ...

Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks.

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 ...