The CEO of Novobanco has informed staff that they should be prepared for the bank to be offered for sale through an Initial Public Offer. (IPO) Mark Bourke said his mission was now to prepare the [...]
The Resolution Fund, which was set up in 2014 to ensure several banks, including Novobanco were sufficiently capitalised, has paved the way for the State to increase its capital share in [...]
BCP’s Polish bank Bank Millennium has posted losses of €270.5 million to September. According to a note sent by BCP to the stock market commission CMVM, these losses are above all explained by [...]
Portugal’s most famous international banker has warned that 2023 will be a “very hard” year for the country. In an interview with CNN, Sir António Horta Osório, the former CEO of Lloyd’s Banking [...]
Portuguese mutualist bank Montepio has announced it will sell 100% of its shareholding in Finibanco Angola. The purchaser is Nigerian banking group Access Bank, an entity that is 100% held by [...]
Banco Espírito Santo and its replacement Novobanco are the financial institutions that have most benefitted from public funds since 2008. Over 14 years they have received around €8.3Bn from the [...]
The entity that supervises public spending on public companies has admitted that Novobanco may need fresh cash injections from the public purse. The Tribunal de Contas – Portugal’s supreme [...]
CaixaBank/BPI has raised its target value for Portuguese telecommunications company NOS shares from €3.80 to €4.00 per share. It recommends that the shares should now be rated ‘neutral’ after [...]
The Resolution Fund, which was set up to provide financial lifelines to Novobanco, has questioned Novobanco on the sale of a hotel in Brazil. The former Sheraton Reserva do Paiva in Recife was [...]
Portugal’s insurance company Fidelidade and bank BCP are unlikely to be affected by financial problems reported by the Chinese company Fosun. The Chinese authorities have asked China’s largest [...]
