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 ...

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 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, 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 ...

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% ...

Portugal's fourth-largest bank, Novo Banco, reported a near 1% drop in first-half net profit on Thursday as higher impairments and provisions countered a robust rise in interest income, while it ...

Novo Banco, Portugal's fourth largest bank, is overcapitalized with a core Tier-1 fully loaded capital ratio of 19.9%, well above the minimum requirement of 9.3%, as it cannot distribute dividends.

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 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, 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.

LISBON--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, the country's ...