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% ...

Groupe BPCE agreed to buy Novo Banco from majority owner Lone Star in the latest cross-border European banking deal, which values the Portuguese lender at 6.4 billion euros ($7.41 billion).

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 it would begin ...

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.

Seven institutions, including the euro zone's largest listed bank, Santander, have presented non-binding bids for Portugal's Novo Banco, the successor to Banco Espirito Santo (BES) after a state ...

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 ...

LISBON (Reuters) -Portugal's fourth-largest lender Novo Banco plans to go ahead with an initial public offering (IPO) possibly in June or September despite market volatility caused by global trade ...

Bank of Portugal indicated it could relaunch an auction after the European Central Bank publishes a postponed stress test on Novo Banco later this year. It seemed to say the possibility of new ECB ...

The appeal of Novo Banco to the frontrunners in the bidding process is clear enough. Its 22% share of the domestic corporate banking market, twinned with its extensive and long-standing relations with ...

In December, the Bank of Portugal angered investors by shifting €1.99 billion ($2.27 billion) of bonds back to “bad bank” Banco Espírito Santo to bolster Novo Banco’s capital levels.

Portugal's central bank misses its deadline to sell Novo Banco, a bank created after the collapse of one of the country's second-biggest lender.