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 ...

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.

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 ...

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 ...

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 spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

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 ...

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 did not respond to a request for comment. But according to critics within European Parliament, the stalled transaction is evidence of both the extensive reach and adverse effects of U.S ...

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 ...

The collapse of the auction means that most of the €4.9bn in fresh injected into Novo Banco when it was created in August last year could be added to Portugal’s 2014 budget deficit, a damaging ...