Novo Banco

The CEO of Portuguese public-owned bank Caixa Geral de Depósitos, Paulo Macedo says he will carry on at the helm of the bank for the time being but already has a succession plan in place. The [...]

Portugal’s bank Novobanco has informed that it was decided at its general shareholders meeting on Friday to reorganise the bank’s respective capital. In a communique posted on the securities [...]

The Resolution Fund set up to provide liquidity to Novobanco in the wake of the collapse of Banco Espírito Santo in 2014, recently invested €128.67 million to acquire 4.14% of the capital of [...]

Portuguese bank Novobanco has exited the Cape Verde market after it sold the remaining 10% share it had in IIBCV (International Investment Bank of Cape Verde) to the IIB Group which holds the [...]

Portuguese bank Novobanco has sold a 40% stake in the Portuguese transport concession company Lineas Concessões de Transportes for “well over the book value” of €52.6 million. The [...]

Novobanco Espanhã will not have to shell out millions in compensation to small investors who ploughed their life’s savings into Banco Espírito Santo bonds and lost everything when the bank [...]

The Portuguese State is to overtake the Resolution Fund to become the second largest shareholder in Novobanco according to changes that will be made at the bank’s annual general assembly meeting [...]

Novobanco has posted record results of €743 million in its first year operating as a normal bank after years in which it was propped up by the Portuguese tax payer. It was a result that led the [...]

The ratings agency Fitch has upgraded Novobanco’s investment rating after the bank had presented significant improvements since it was bought out by US equities and asset management fund Lone [...]

Novobanco closed 2023 with the sale of real estate assets worth €70 million with the sale of Arade in Portimão to Lintinvest for €30 million and Cabanas Golf in Oeiras to RE Capital for €40 [...]