Press Releases
- 2024
- 2023
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novobanco distinguished with the Award Best Internal Communication Strategy
novobanco was awarded the Best Internal Communication Strategy Award in the Change and Transformation Management category, awarded by the Internal Communication Observatory (OCI). This award was won with the communication project "É Agora", an initiative developed within the scope of novobanco's cultural transformation programme. -
Novobanco has been awarded the Best Pioneering Deal by Global Capital
Lisbon, Portugal - September 12, 2024 - Novobanco has been awarded the Best Pioneering Deal by Global Capital, recognizing the success of its inaugural €500 million covered bond issuance in February 2024. The award recognises the usage of diverse or new funding products and techniques, structures, call schedules, investor relations work, ESG activities in the capital markets. The award was presented on September 12 at the Global Capital Covered Bond Awards, which took place during the ECBC Covered Bond Congress in Porto. -
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
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 achieves SBTi validation for emission reduction targets
Novo Banco S.A. (“novobanco”) is the first Portuguese bank with SBTi-validated emissions reduction targets. The Science Based Targets initiative (SBTi) - a Corporate Climate Action Organization that develops standards, tools, and guidance which allow companies to set greenhouse gas emissions reductions targets - has validated the Bank’s near-term emissions reduction targets for 2030. -
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. -
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. -
CEO sees a possible initial public offering as the “base case” for the future of novobanco
In an interview with Francine Lacqua from Bloomberg TV, our CEO reaffirms that "We have a couple of things that we need to do. We need to do some issuance of MREL. That will allow us to release excess capital, and then essentially we have the balance sheet ready to go. After that, it’s a question of markets. " -
novobanco, S.A. informs about Investment Grade Rating by Fitch
Novo Banco, SA (“novobanco” or the “Bank”) informs that Fitch Ratings Ltd (“Fitch”) has assigned an Investment Grade rating to novobanco, with Long-Term Issuer Default Rating (IDR) of 'BBB-' with a Stable Outlook. Fitch has also assigned a Viability Rating (VR) of 'bbb-'.
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Tel: (+351) 21 350 10 00
Email: Media
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