NOVO BANCO, SA products, services and reviews

About NOVO BANCO, SA

Novo Banco, S.A. was created in 2014 as the “good bank” successor to Banco Espírito Santo under the Portuguese resolution framework and carries out a full range of retail, private, corporate and institutional banking activities, including deposits, lending, payments, trade finance and asset management; headquartered in Lisbon, it operates mainly in Portugal with a reduced international footprint and a mix of branch and digital channels. Since its formation the bank has undergone multiple ownership and restructuring events and has pursued portfolio clean‑ups, non‑performing loan reductions, securitisations and capital measures to stabilize its balance sheet; these actions and ongoing cost‑efficiency programs have influenced post‑resolution profitability and risk metrics. Novo Banco is subject to Portuguese and European banking regulation and resolution regimes, and its credit profile and operational performance remain dependent on macroeconomic conditions, property market trends and execution of strategic initiatives. Prospective customers and counterparties should consult the bank’s latest regulatory filings, financial statements and third‑party analyses for current information on governance, capital adequacy and risk exposure.