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 will use Enterprise Payments Platform, formerly Dovetail, for all payments processing and Advantage Fee TM, a comprehensive billing and revenue management solution, for nostro and ...

U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months. Novo Banco ...

Birth of Novo Banco Novo Banco’s birth dates back to mid-2014. Banco Espirito Santo (BKESY) sustained huge losses when Espirito Santo International allegedly defaulted on a debt payment.

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 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 declined to comment. A request for comment has been emailed to Lone Star. Although the top five Portuguese banks control more than 80% of the country's banking assets, analysts see room for ...

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 ...

Novo Banco, the lender created out of the failure of Portugal’s Banco Espírito Santo (BES) in 2014, raised €400m of risky subordinated Tier 2 bonds at a yield of 8.5 per cent on Friday, in ...

A last-minute gate-crasher, little-known Aethel Ltd., is trying to upend Portugal’s plan to sell Novo Banco, the bank spawned from the ashes of collapsed lender Banco Espírito Santo.

Novo Banco kept the “good” assets, including loans and deposits, of Banco Espírito Santo SA, which had to be broken up and bailed out in August following heavy losses from its exposure to its ...