Dividing up Novobanco would be a “total mistake” – BPI boss
Banco Espírito Santo case: “There can’t just be one person guilty in this story” The CEO of Portuguese bank BPI, João Pedro Oliveira e Costa, said in an interview this
Novo Banco director dismissed after suspicion of money laundering
Novo Banco director Carlos Brandão, who was dismissed with immediate effect today, has been made a defendant on suspicion of money laundering and forgery, a source linked to the case
Novo Banco sees €638.5 million profit in first nine months
Portugal’s Novo Banco made a profit of €638.5 million between January and September this year, 49% more than in the first nine months of 2022, the bank has announced. Net
Venezuela plans next move after court orders Novo Banco to unblock €1.3 billion
Was Novo Banco ‘aware’ of damage it was causing, or simply following orders? The Venezuelan government is described today as setting out to ‘determine the extent of the damage caused
Novo Banco posts €500 million in profits; is NOT for sale
CEO says bank being strengthened for “very viable” operation to float shares on stock exchange The CEO of Novo Banco – described by Lusa as “one of Portugal’s largest banks”;
Brussels closes restructuring plan for Novo Banco
Gravy train of public money “stops now” The European Commission informed the Portuguese state on Monday of its intention to consider the restructuring process of Novo Banco, which began in
Novo Banco may need more capital injections
José Quelhas, the judge rapporteur of the Court of Auditors’ audit report on the management of Novo Banco, said on Tuesday that the scenario of new injections of public money into Novo Banco has not been ruled out.
From Russia with debt – Novobanco loses €29 million
Novobanco has suffered a devaluation of €29 million because of its exposure to Russian business debt following the Ukraine war. According to the news outlet ECO, Novobanco had a €48
Novo Banco: government and Bank of Portugal “did not safeguard public interest”
Taxpayers may still have to stump up another €1.6 billion, warns Accounts Court That this news comes on a day when everyone is focused on wildfires ripping through the centre
Novo Banco sells real estate portfolio for €208M
Novo Banco held, on average, a stake of around 75% of those real estate assets. Novo Banco has completed the sale of a real estate portfolio, mainly made up