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  • Novo Banco, S.A. informs on Moodys upgrade

    Novo Banco, S.A. informs on Moodys upgrade

    Novo Banco, SA (“novobanco”) informs that Moody's Investors Service ("Moody's") upgraded novobanco’s senior unsecured debt rating by 1-notch, to Baa3 (Investment Grade) from Ba1, maintaining a positive outlook. Moody’s has also upgraded novobanco's commercial paper ratings to Prime-3 from Not Prime. The bank's Baseline Credit Assessment (BCA) and Adjusted BCA of ba1 remains unaffected by today's rating action. The rating action announced reflects the outcome of Moodys’ Advanced Loss Given Failure (LGF) analysis, that now leads to one notch of uplift for the bank's senior unsecured debt ratings, from previously no uplift, and the unchanged BCA and Adjusted BCA of ba1.
  • novobanco, S.A. informs about 1H24 consolidated results

    novobanco, S.A. informs about 1H24 consolidated results

    Net income of €370.3mn (1H23: €373.2mn), supported by a solid and diversified business model with a robust corporate and low-risk retail mortgage franchises with strong digital adoption. The Bank posted strong net income in the period while making higher provisions for other assets and contingencies in 2Q24, including a €30.0m provision for transformation process as part of the Bank’s innovation and simplification strategic program.
  • novobanco, S.A. announces the launch of a real estate portfolio sales process

    novobanco, S.A. announces the launch of a real estate portfolio sales process

    novobanco, S.A. announces the launch of a structured sales process of a real estate portfolio, which comprises its entire granular portfolio and consists of more than 700 units. It is expected that the closing of the transaction occurs until December 2024 and, as such, any potential buyers should convey their interest until July 2024.
  • novobanco sponsors EBAday 2024

    novobanco sponsors EBAday 2024

    Novobanco sponsors EBAday 2024, reaffirming its leading position in the payments market. Novobanco reaffirms its position at the forefront of the payments market by sponsoring EBAday 2024, alongside JPMorgan, Citibank, Bank of New York Mellon, Deutsche Bank, HSBC, Natwest, BNP Paribas, Cecabank, and Caixabank.
  • Covered Bond Report's Awards for Excellence

    Covered Bond Report's Awards for Excellence

    Novobanco is proud to announce its recognition at the Covered Bond Report's latest annual Awards for Excellence, which took place on June 6 in Frankfurt. The award recognizes novobanco’s successful issuance of its EUR 500 million debut benchmark covered bond in February. The issuance, premium labelled and rated Aaa by Moodys, was met with an overwhelming response from investors, with the orderbook surpassing €5.1 billion from 139 orders, making it the most subscribed covered bond since Bloomberg News started collating European order book details in 2018.
  • Inauguration Of Photography Exhibition

    Inauguration Of Photography Exhibition

    novobanco is pleased to present the exhibition Des Américains II (2002.2004) by Andres Serrano, consisting of 52 works, to be inaugurated on May 16 at 6 p.m., at Praça Marquês de Pombal n. 3A, Lisbon.

 

 

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Investor Relations and External communication

Tel: (+351) 21 350 10 00

Email: Media

Campus do novobanco, Av. Dr. Mário Soares, Taguspark, Edifício 1, 2740-119 Porto Salvo