“Can a resolution-bank-turned-restructured-lender achieve sustainable profitability and digital competitiveness in the Portuguese retail and SME banking market?”
Novobanco was created in 2014 as a resolution vehicle by the Bank of Portugal following the collapse of Banco Espírito Santo, inheriting BES's retail, corporate, and investment banking operations. Lone Star Funds acquired a majority stake in 2017, initiating a multi-year restructuring and profitability-focused transformation. The bank has since invested in digital channels and online lending products while maintaining a traditional banking model anchored in Portugal, with limited public disclosure of third-party embedded finance vendor relationships.
Novobanco is founded in 2014 and headquartered in Lisbon, Portugal.
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