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

Portugal’s government holds 25 per cent of Novo Banco through entities including the country’s Resolution Fund and will also sell its stake.

In the latest of a series of cross-border merger dramas, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star. The offer values the lender at €6.4bn, ...

As of March, Novo Banco had 30 billion euros in deposits and 28.5 billion euros in net loans, equivalent to a 9% market share in Portugal. It has almost 300 bank branches and more than 4,200 ...

LISBON (Reuters) -U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal's fourth-largest lender at around ...

Novo Banco, Portugal’s fourth-biggest lender, posted its first profit in 2021 and its net interest income climbed as central banks raised interest rates.

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 ...

Novo Banco, Portugal's fourth largest bank, was created in 2014 from the Portuguese government's bailout of collapsed private bank Banco Espirito Santo.