Novo Banco

The US asset management firm Lone Star that holds the controlling share in Portugal’s Novobanco is said to be “selecting advisors” to explore a possible sale or Initial Public Offer (IPO). [...]

The Spanish banking group Santander has shown interest in the possibility of growing through acquisitions in the Portuguese market. However, according to Alantra Partners, the bank does not have [...]

American fund Lone Star will reappoint the members of the General and Supervisory Board (CGS) of Novobanco, a body whose competences resemble those of a board of directors and which is led by [...]

The CEO of bank BPI, João Pedro Oliveira e Costa has criticised an increase on the annual contribution – basically a tax on the banks – that the sector has to pay to fund the [...]

The CEO of Novobanco, Mark Bourke, says he is optimistic that the bank will be able to soon reach an agreement with the Resolution Fund on the contingent capital mechanism. The fund has provided [...]

Negotiations between the Resolution Fund and the US asset management company Lone Star have stalled over the future of Novobanco. The end of September was forecast as the time when negotiations [...]

The international investment firm KKR is to resell a €700 million tranche from a portfolio of Non-Performing Loans (NPLs) known as ‘Project Nata’ that it purchased in 2018 from Novobanco for [...]

The US ratings agency Moody’s increased the rate of Novobanco’s non-secured senior debt from Ba1 to Baa3 on Thursday with a ‘positive outlook’. It means that bank’s investment prospects are no [...]

Once problematic European banks, like Portugal’s Novobanco that suffered during the great financial crisis 10 years ago, are now in a prime position for IPOs and sell-offs according to the [...]

Novobanco has reorganised its share capital and completed its move to a new headquarters in Taguspark. Novobanco has decided to reallocate its free reserves of €5Bn to “absorb losses” and the [...]