LISBON (Reuters) -Novo Banco, Portugal’s fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and ...

LISBON (Reuters) -Novo Banco, Portugal's fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and said it ...

LISBON (Reuters) -Novo Banco, Portugal's fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and said ...

LISBON, Feb 5 (Reuters) - Novo Banco's planned initial public offering would be beneficial for the Portuguese banking sector, Bank of Portugal Governor Mario Centeno said on Wednesday, but he ...

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 ...

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, rather than seek a full sale, Finance ...

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 for ...

Novo Banco lost 1.3 billion euros ($1.37 billion) in 2020, pressured by impairments still linked to assets inherited from BES, but returned to profit in the following three years.

Lisbon-based Novo Banco dismisses its chief risk officer amid suspicious transactions and has launched an internal investigation and filed a complaint to the public prosecutor’s office.

Portugal has cancelled a multibillion-euro auction of Novo Banco, the so-called good bank carved out of the ruins of Banco Espírito Santo, after rejecting offers from Chinese and United States ...

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 ...