Novo Banco, a Portuguese banking chain created from the ashes of Banco Espírito Santo in 2015, has begun offloading 9,000 properties worth around €700 million. According to the business title [...]
Portugal’s Novo Banco, led by António Ramalho, is to try and offload its loan defaults on the markets. The portfolio of loan defaults is estimated to be worth €1.75Bn according to sources quoted [...]
Novo Banco, the bank created from Banco Espírito Santo, is in profit for the first time since its creation in 2015. The bank, led by António Ramalho, registered profits of €60.9 million in Q1 of [...]