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 ...

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

Mr Bourke was CFO of AIB from 2014 to 2019, helping lead the bank through its IPO in 2017. He moved to Novo Banco as CFO ...

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 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.

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 ...

Novo Banco has said it may pay a dividend of about €1 billion. The Portuguese state may receive about €300 million in dividends from Novo Banco in 2025, Finance Minister Sarmento said in December.

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.

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 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 ...