Portuguese lender Novo Banco said on Monday it has agreed to sell its retail network in Spain to Spanish lender Abanca as part of its strategy of divesting non-core operations and focusing on its ...

G roupe BPCE agreed to buy Novo Banco from majority owner Lone Star in the latest cross-border European banking deal, which values the Portuguese lender at 6.4 billion euros ($7.41 billion).

Novo Banco’s history is rooted in the 2014 bailout of Banco Espirito Santo by the Portuguese government, which led to the bank’s creation. Lone Star acquired its majority stake in 2017, ...

Portugal's Novo Banco should be ready to seize the opportunity for an initial public offering when markets open up to listings, as it seeks to remain independent, its new CEO Mark Bourke told ...

Novo Banco's core Tier-1 (CET1) capital ratio stood at 20.8% at the end of 2024, more than double the central bank's minimum requirement, but the medium-term target is now between 13% and 13.5% ...

Novo Banco declined to comment. A request for comment has been emailed to Lone Star. Although the top five Portuguese banks control more than 80% of the country's banking assets, analysts see room ...

Novo Banco is getting ready to list on Lisbon’s stock exchange next month despite the unsteadiness in global markets fueled by trade war concerns. The Portuguese lender, which has been preparing ...

Novo Banco SA Chief Executive Officer Mark Bourke said he’s making sure the Portuguese lender is prepared for an initial public offering in case that’s the path picked by majority shareholder ...

Portuguese lender Novo Banco is exploring a potential tie-up in Portugal with Madrid-based consumer finance provider WiZink, two sources familiar with the matter told Reuters. This could result in ...

Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks.

Novo Banco, which emerged from the ruins of Banco Espirito Santo in 2014 and is 75%-owned by U.S. private equity fund Lone Star, said its core Tier-1 fully loaded capital ratio rose 176 basis ...

By Sergio Goncalves. LISBON (Reuters) - U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering ...