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

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'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% ...

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 ...

Seven institutions, including the euro zone's largest listed bank, Santander, have presented non-binding bids for Portugal's Novo Banco, the successor to Banco Espirito Santo (BES) after a state ...

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 ...

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 ...

Portugal's Resolution Fund said it had agreed with a banking syndicate to borrow 475 million euros ($580.36 million) to shore up the capital of lender Novo Banco, which emerged from the ruins of ...

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 ...