Novo Banco, which is Portugal's fourth-largest bank and is 75%-owned by U.S. private equity fund Lone Star, in February began preparations for an IPO, but a full sale has not been ruled out.

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.

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 ...

Novo Banco’s delay is part of a much larger conflict the bank has with the Venezuelan government. Starting in early 2019, after opposition lawmaker Juan Guaidó declared himself the country’s ...

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's core Tier-1 (CET1) capital ratio stood at 20.8% at the end of 2024, more than double the central bank's minimum requirement, but the medium-term target is now between 13% and 13.5% ...

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 ...

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 ...

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.