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Lone Star's Novo Banco CEO Is Ensuring the Bank Is Prepared for a Possible IPO

Lone Star's Novo Banco CEO Is Ensuring the Bank Is Prepared for a Possible IPO
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Portugal's Novo Banco profit up on higher interest rates, cost control

Portugal's fourth-largest bank, Novo Banco, reported on Friday a 4% rise in first-quarter net profit, benefiting from higher interest rates and strict cost controls, which allowed it to further boost its capital ratios. ....

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UPDATE 1-Portugal's Novo Banco reports profit growth, CEO sticks to IPO plans

Portugal's fourth-largest bank, Novo Banco, reported a 4% rise in first-quarter net profit on Friday and CEO Mark Bourke said the lender still plans to launch an IPO once banking sector turmoil subsides. ....

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Portugal's Novo Banco Eyes IPO Amid Plans To Stay Independent

Portugal s Novo Banco should be ready to seize the opportunity for an initial public offering when markets open up to listings, as it seeks to remain independent, its new CEO Mark Bourke told Reuters ....

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Portugal's Resolution Fund to borrow 475 mln euros to inject into Novo Banco

Portugal's Resolution Fund said it had agreed with a banking syndicate to borrow 475 million euros ($580.36 million) to shore up the capital of lender Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo. ....

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