Novo Banco

The CEO of Novobanco, António Ramalho, decided to leave his post in August after strong and hostile criticisms of the way he has run the bank recently. It turns out he may have resigned after [...]

The president of Novobanco, António Ramalho, has announced to the bank’s supervisory board of directors that he will step down in August but will remain on as a consultant. The news was broken by [...]

Lone Star, the US investment fund who owns 75% of Novobanco, says the bank’s CEO acted with “total integrity” regarding ex-Benfica boss Luís Filipe Vieira who left the bank with millions owing [...]

The Portuguese government has said there will be no more taxpayer handouts to Novobanco which was created after the Banco Espírito Santo empire collapsed in 2014. According to ECO online, the [...]

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 [...]