Novo Banco

Portugal’s main banks CGD, BCP, Novobanco, Santander, BPI and Banco Montepio posted combined net profits of €1.2Bn in the first quarter of 2025. The result was in line with the profits they made [...]

Portugal’s Finances minister, Joaquim Miranda Sarmento has expressed reservations over a possible acquisition bid for Novobanco from Spain’s Caixabank. The minister does not believe it would be a [...]

The Spanish bank Caixabank, which in Portugal owns the bank BPI, has hired Deloitte to help it to decide if it will make a move to acquire Portugal’s Novobanco according to the Spanish news [...]

That’s according to the US ratings agency Standard & Poors that forecasts the floatation of the decade could double the value of the largest transaction so far over the past five years. “The [...]

The volatility in the market caused by US tariffs at the start of April has not dissuaded Novobanco shareholders and directors from pressing ahead with a planned Initial Public Offering (IPO) for [...]

Novobanco is to reduce its capital by €1.1Bn and will pay it out as dividends to its shareholders that will receive €2.2 per share with the main shareholder Lone Star (75%) netting €825 million. [...]

Portuguese bank Novobanco, which was planning to float the bank’s capital on the Euronext Lisbon stock market in May, has been advised by analysts to put off the Initial Public Offering (IPO) [...]

An estate near Sessimbra in Portugal, which was in the hands of Novobanco, was sold at a knock-down price to the wife of one of the former managers of US firm Lone Star which holds a 75% stake in [...]

A new valuation of Novobanco, this time by JB Capital, has upped the bank’s value to as much as €7Bn at the top end of the value scale. The Portuguese bank is currently being prepared for an [...]

The president of Portuguese bank BPI, João Pedro Oliveira said in an interview this week that if Caixa Geral de depósitos purchases all or even part of Novobanco, it would be tantamount to a [...]