Novo Banco

After a period of seven years offloading non-performing loan portfolios from its balance sheets, and a major restructuring plan, Portugal’s Novobanco has hinted at the content of its Strategy [...]

Novo Banco, which has just unveiled a new brand image to cast aside its links with failed bank BES, may well have to go to the market and borrow €2Bn to 2026. The bank led by António Ramalho will [...]

Portugal’s Novo Banco unveiled its new image today which represents a new chapter in the bank’s life and is part of a marketing campaign aimed at distancing itself from the debts, scandals, [...]

Novo Banco, led by António Ramalho, will unveil a new brand image to its staff on Friday and to the public on Monday. The bank has informed customers that branches will operate at reduced hours [...]

Four International funds are said to be interested in buying up the loans portfolio Project Harvey which contains non-performing loans from big debtors like Grupo Lena and Urbanos. The funds [...]

The Banco Espírito Santo led by Ricardo Salgado was an outstanding example of cronyism. It supported many clients for personal and political reasons, rather than because their projects were [...]

Novo Banco is to receive a further €2.4 million from a real estate fund which belonged to the former Grupo Espírito Santo (GES). GES became insolvent last year with Novo Banco having a €60 [...]

Former Benfica president, Luís Filipe Vieira says he doesn’t have the money to pay his debts amounting to €160 million. The ex-football club mogul did so just two weeks before the court deadline [...]

Novo Banco, the bank led by António Ramalho, has obtained a profit of €137.7 million for the first half of 2021. It had already achieved its first quarterly profit since it was created in 2014 [...]

Project Harvey, the name Novo Banco has given to a portfolio of bad loans or NPLs worth €640 million, will include the debts from the construction company Grupo Lena and removals and logistics [...]