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 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, along with Banco Comercial Portugues, state-owned Caixa Geral de Depositos, Santander Portugal and CaixaBank’s BPI control just under three-quarters of the country’s banking assets.

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, 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 ...

Portugal's fourth-largest bank, Novo Banco, on Thursday posted a 4.4% drop in nine-month net profit as an increase in interest margins and commissions was countered by higher provisions.

Portugal’s government said it reached a deal to sell Novo Banco to Lone Star Funds, with the U.S. private-equity firm injecting $1.07 billion into the bank for a 75% stake.

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.

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% ...

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 ...