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

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 ...

Miranda Sarmento said the government had been told by Novo Banco and Lone Star that the U.S. private equity firm wanted to carry out "an IPO of around 25% to 30% of the capital" of the bank.

LISBON (Reuters) -Novo Banco, Portugal's fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and said ...

Portugal’s Novo Banco Aims for June IPO, CEO Says Portugal was relatively insulated from global tariff storms and has a positive macroeconomic outlook, the executive added By Elena Vardon Share ...

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.

Portugal's Novo Banco should be ready to seize the opportunity for an initial public offering when markets open up to listings, as it seeks to remain independent, its new CEO Mark Bourke told ...

Novo Banco, which is not listed, said that for its core activities, excluding legacy problem assets, net operating income rose 166 per cent to €232m in 2018, while operating costs fell 9.9 per cent.

Portugal’s Banco BPI Eyes Novo Banco Binding Offers Due In Middle of Second Quarter Next Year By Patricia Kowsmann Dec. 16, 2014 5:02 pm ET ...

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% ...

U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a full sale, Finance ...