Novo Banco to make profits from first quarter of 2021, says CEO
After years of losses, Novo Banco will start to make profits from this quarter, Novo Banco’s CEO António Ramalho, said on Friday. “After the end of the restructuring period, a
Standard & Poor’s says Novo Banco victim of political games
A senior director at the US ratings agency Standard & Poor’s says that Portuguese bank Novo Banco is being used in a game of politics in which the opposition PSD
Novo Banco boss predicts Algarve “can be among first regions to recover” from crisis
António Ramalho – president of Portugal’s Novo Banco, the so-called ‘good bank’ created in the aftermath of the BES debacle – has predicted that the Algarve “can be one of
Novo Banco seeks approval for €250 million real estate project near Portimão Marina
Novo Banco – the new bank that rose from the ashes of BES – is seeking approval for a new €250 million real estate project to build a massive residential
Novo Banco needs another €476 million, but this time ‘the banks will pay’
Novo Banco and its crippling losses continue to weigh on the Portuguese economy. But for the sake of a budget that doesn’t funnel more state aid Novo Banco’s way, the
Novo Banco: state commitments must be met
The president of the Portuguese Banking Association says that the Resolution Fund should continue to inject money into Novo Banco because “State commitments should be met”. In an interview with
Novo Banco hit by new bargain-basement sale scandal
Novo Banco is back in the headlines this week with further allegations that it has been offloading assets at bargain-basement prices, and getting the Portuguese State to cover the ‘losses’.
Novo Banco back in spotlight for suspected ‘dirty dealing’
Novo Banco – the bank costing Portuguese taxpayers a small fortune – is back in the spotlight this week for suspicions of distinctly dirty dealing. Público broke the story yesterday
PSD leader blasts ‘wretched contract’ that allows ‘even more money’ to go to Novo Banco
PSD leader Rui Rio has taken to Twitter to vent his frustration over the news that Novo Banco wants even more money relating to this year, “due to the effects
Mismanagement at Novo Banco? “We’d expect our money back”, says PM
Yesterday’s bi-monthly parliamentary debate hit the headlines over the possibility that ‘poor management’ at Novo Banco – the ‘good bank’ bailed out by taxpayers following the collapse of BES –