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9M 2024 Results Presentation
Conference Call - Replay
“The discipline in our strategy and the focus on supporting Portuguese families and companies are the pillars of our robust commercial performance and consistent capital accretion. We continue to grow our business and expand our activities, while also increasing the efficiency of our operations."
Fitch upgrades novobanco’s rating by 1 notch
Novo Banco, S.A. announces early termination of the Contingent Capital Agreement
Latest news
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Novo Banco, S.A. announces early termination of the Contingent Capital Agreement
Novo Banco, S.A. (“novobanco” or the “Bank”) informs that the Bank, the Resolution Fund and Nani Holdings have agreed today to terminate the Contingent Capital Agreement (“CCA”) ahead of its contractual maturity in December 2025. The CCA, established in October 2017, was a financial mechanism designed to ensure that, following the verification of certain conditions, the Bank maintained agreed capital levels to support its operations during its restructuring phase. -
Novo Banco, S.A. informs on Moody’s rating upgrade while maintaining a Positive Outlook
Novo Banco, SA informs that Moody's Ratings agency has today upgraded novobanco’s Baseline Credit Assessment (“BCA”) by 1 notch, to baa3 from ba1. Following this upgrade, novobanco's long-term deposit ratings was also upgraded to A3 from Baa1 and its senior unsecured debt ratings to Baa2 from Baa3, keeping the outlook at Positive. The upgrade of novobanco's BCA to baa3 “reflects ongoing improvements in the Bank's creditworthiness in the context of stronger operating conditions for Portuguese banks”, including its improved asset quality metrics, its strong profitability metrics, and improved loss absorption capacity amid very high capital levels. -
novobanco is a finalist in the ‘best use of technology in retail banking’ category of the banking tech awards 2024
Novobanco has been selected as a finalist in the 'Best Use of Tech in Retail Banking' category of the Banking Tech Awards 2024, in recognition of its innovative Contact Hub project. This recognition highlights the bank's dedication -
Group activity and results First nine months of 2024
The discipline in our strategy and the focus on supporting Portuguese families and companies are the pillars of our robust commercial performance and consistent capital accretion. We continue to grow our business and expand our activities, while also increasing the efficiency of our operations." -
novobanco, informs about the sale process of a non-performing credit portfolio
novobanco, informs that it will begin an organized process of selling a granular portfolio of non-performing credits, known as Project Pegasus, with the aim of signing the assignment contract by the end of this year. Interested parties must submit their expressions of interest by October 4, 2024, via registered letter. -
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
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. -
novobanco, informs on Moodys upgrade
novobanco, (“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, 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, announces the launch of a real estate portfolio sales process
novobanco, 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, informs about Investment Grade Rating by Fitch
Novo Banco, (“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-'.
Results
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Financial Disclosures and Debt Information
Presentations
Check here the latest presentations of novobanco
Market Information
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Rating
Current Novo Banco S.A.'s credit ratings
Covered Bonds Programme
Covered Bonds Programme
The market recognizes our performance with awards and recognitions
- 2024
- 2023
- 2022
- 2021
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Global Finance MagazineBest Trade Finance Provider
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Covered Bond Report awardsBest Debut
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Global Capital AwardsBest Pioneering Deal
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SRP Europe Awards"Best Distributor, Portugal" for structured retail products
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Jornal de Negócios/APFIPP- GNB Portugal Ações, Best fund in the ‘National Shares ICO’ category
- GNB Dinâmico, Best fund in the ‘Aggressive Multi-Asset UCI’ category
- GNB Portugal Ações, Best fund in the ‘National Shares ICO’ category
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2023
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The Banker (Financial Times) AwardsNovobanco is "Bank of the Year 2023" in Portugal
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The International Banker AwardsNovobanco winner of the Best Innovation in Retail Banking award
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SCI CRT AwardsNovobanco winner of the Transaction of the year award
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Global Finance awardsNovobanco named the top Trade Finance Provider in Portugal for the fifth consecutive year by "Global Finance" magazine.
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Refinitiv Lipper Fund AwardsNB Euro Bond fund honored as the best Euro bond fund in Europe for the 12th year, excelling over the last 3, 5, and 10 years.
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SRP Europe Awards
Novobanco wins "Best Distributor, Portugal" award, reaffirming international recognition for its strong and consistent performance in Structured Products.
2022
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Global Finance awardsNovobanco wins the following categories:
- Best sub-costudian Bank
- Best Trade finance provider
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D-Rating awardsNovobanco recognized as Best performer in digital Retail Banking in Portugal
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Jornal de Negócios / APFIPP awardsGNB Gestão de Ativos wins 2 awards
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Banking Tech AwardsNovobanco's app wins Best Mobile Initiative for the second year
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SRP Europe AwardsNovobanco wins Best distributor Portugal
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Rankia PortugalGNB Gestão de Ativos wins best retirement fund category
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Finovate AwardsDigital remote signature iniciative makes the shortlist of the award for best user experience
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Human resources awardsNovobanco wins best use of technology in HR by the IIRH – Instituto de Informação em Recursos Humanos
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2021
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Global Finance awardsNovobanco wins:
- Best sub-custodian Bank in Portugal
- BestTrade Finance Provider in Portugal
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SRP Europe Awards
Novobanco elected Best Distributor, Portugal
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Issuance of the Republic's debt by IGCPNovobanco was once again the only Portuguese bank in the chosen consortium
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Digital CX awardsNovobanco's online insurance subscription solution wins
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Banking Tech Awards
Novobanco's app wins Best Mobile Initiative
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Portugal Digital AwardsNovobanco's app do makes the shortlist
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Jornal de Negócios / APFIPP awards
GNB Gestão de Ativos awarded with the following products:
- NB Euro Bond
- NB PPR
- PPR Vintage
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Refinitiv Lipper Fund Awards
NB Eurobond of GNB Gestão de Ativos wins
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Cfi.co AwardsGNB Gestão de Ativos honoured for Best Bond Fund Manager (Portugal)