Novo Banco

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 [...]

A former manager at Novobanco in Spain is being investigated for swindling 80 clients from around €50 million in a Ponzi scheme, with a court ordering the bank to stump up a third-party bond of [...]

The US venture capital and asset management fund Lone Star has put a €2Bn price tag for the sale of its 75% share in Novobanco. According to the Spanish media outlet Vozpópuli, the bank has [...]

The CEO of Novobanco has been on a charm offensive with potential investors in New York, London and Frankfurt to sound out their appetite for a planned Initial Public Offer of shares floated on [...]