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

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.

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 Novo Banco will be operationally prepared for a potential initial public offering in the first half of 2024, CEO Mark Bourke told Reuters on Tuesday, adding though that the market's ...

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.

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 ...

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 ...

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 ...

The sources said Novo Banco was worth about 5 billion euros ($5.2 billion). Novo Banco, Portugal's fourth largest bank, was created in 2014 from the Portuguese government's bailout of collapsed ...