The future of Portugal’s Novo Banco is taking a clearer shape as US private equity firm Lone Star signals its intention to pursue an initial public offering (IPO) for a stake of up to 30% in the ...

NOVO BANCO will use Enterprise Payments Platform, formerly Dovetail, for all payments processing and Advantage Fee TM, a comprehensive billing and revenue management solution, for nostro and ...

U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months. Novo Banco ...

Birth of Novo Banco Novo Banco’s birth dates back to mid-2014. Banco Espirito Santo (BKESY) sustained huge losses when Espirito Santo International allegedly defaulted on a debt payment.

Novo Banco, the "good bank" being carved out of Portugal's troubled lender Banco Espirito Santo (BES.LS), has started with assets worth 59.6 billion euros (47.19 billion pounds), Novo Banco said ...

Novo Banco, which is not listed, said that for its core activities, excluding legacy problem assets, net operating income rose 166 per cent to €232m in 2018, while operating costs fell 9.9 per cent.

Novo Banco has said it may pay a dividend of about €1 billion. The Portuguese state may receive about €300 million in dividends from Novo Banco in 2025, Finance Minister Sarmento said in December.

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 ...

Losses at Portugal's Novo Banco, which was carved out of the collapsed Banco Espirito Santo, widened 25% in 2020 to 1.3 billion euros ($1.5 billion) after provisions for credit and asset risks and ...

A last-minute gate-crasher, little-known Aethel Ltd., is trying to upend Portugal’s plan to sell Novo Banco, the bank spawned from the ashes of collapsed lender Banco Espírito Santo.

Novo Banco, the lender created out of the failure of Portugal’s Banco Espírito Santo (BES) in 2014, raised €400m of risky subordinated Tier 2 bonds at a yield of 8.5 per cent on Friday, in ...