Novo Banco SA, a Portuguese lender that’s majority-owned by Lone Star, said its planned initial public offering could take place in the second quarter or in the third quarter of this year.

Novo Banco is said to be Portugal's fourth-largest lender and recorded its first profit in 2021, benefiting from increased net interest income as central banks raised interest rates.

Novo Banco SA’s shareholders approved steps needed for a possible initial public offering of the Portuguese lender, which is majority-owned by US private equity firm Lone Star, according to a ...

Portugal's Novo Banco said its lawyers were studying a ruling by a Lisbon court that Venezuela claims unblocks around $1.5 billion in Venezuelan state assets being held by the bank.

Portugal's fourth-largest bank, Novo Banco, is ready to explore opportunities of going public to diversify its shareholder base as it hopes to remain an independent entity, the executive board ...

Antonio Ramalho, chief executive officer of Novo Banco SA, speaks during an interview at the bank's headquarters in Lisbon, Portugal, on Sept. 23, 2020. Photo: Jose Sarmento Matos/Bloomberg via ...

Novo Banco is getting ready to list on Lisbon’s stock exchange next month despite the unsteadiness in global markets fueled by trade war concerns. The Portuguese lender, which has been preparing ...

Portuguese lender Novo Banco said on Monday it has agreed to sell its retail network in Spain to Spanish lender Abanca as part of its strategy of divesting non-core operations and focusing on its ...

Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks.

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 ...