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 Bancoâs CEO AntĂłnio Ramalho, said on Friday. “After the end of the restructuring period, a
Standard & Poorâs says Novo Banco victim of political games
A senior director at the US ratings agency Standard & Poorâs says that Portuguese bank Novo Banco is being used in a game of politics in which the opposition PSD
Novo Banco boss predicts Algarve âcan be among first regions to recoverâ from crisis
AntĂłnio Ramalho â president of Portugalâs Novo Banco, the so-called âgood bankâ created in the aftermath of the BES debacle â has predicted that the Algarve âcan be one of
Novo Banco seeks approval for âŹ250 million real estate project near PortimĂŁo Marina
Novo Banco â the new bank that rose from the ashes of BES â is seeking approval for a new âŹ250 million real estate project to build a massive residential
Novo Banco needs another âŹ476 million, but this time âthe banks will payâ
Novo Banco and its crippling losses continue to weigh on the Portuguese economy. But for the sake of a budget that doesnât funnel more state aid Novo Bancoâs 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 âState commitments should be metâ. 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 âlossesâ.
Novo Banco back in spotlight for suspected âdirty dealingâ
Novo Banco – the bank costing Portuguese taxpayers a small fortune – is back in the spotlight this week for suspicions of distinctly dirty dealing. PĂșblico broke the story yesterday
PSD leader blasts âwretched contractâ that allows âeven more moneyâ 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, âdue to the effects
Mismanagement at Novo Banco? âWeâd expect our money backâ, says PM
Yesterdayâs bi-monthly parliamentary debate hit the headlines over the possibility that âpoor managementâ at Novo Banco – the âgood bankâ bailed out by taxpayers following the collapse of BES –