Novo Banco, SA
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Novo Banco, SA - overview
Established
2014
Location
Oeiras, -, Portugal
Primary Industry
Financial Services
About
Based in Portugal, Novo Banco, SA is a financial institution specializing in a broad array of banking and financial services aimed at individual customers and businesses, enhancing their financial growth and stability. Based in Oerias, Portugal, founded in 2014, Mark Bourke is the CEO, Novo Banco is a Portuguese bank providing retail and corporate banking, asset management, and financial services, specializing in stabilised, restructured banking operations. In June 2025, Groupe BPCE agreed to fully acquire Novo Banco, SA from Lone Star Funds for approximately EUR 6. 7 billion in cash.
The deal was completed in April 2026. Novo Banco's primary offerings encompass a comprehensive range of banking and financial services tailored to the needs of individual consumers and businesses. Their core product suite includes personal banking solutions such as online personal loans, housing credit, and various savings and investment products, designed to facilitate financial growth and security for customers. Additionally, Novo Banco provides a variety of insurance products, including life and health insurance, aimed at protecting the future of their clients and families.
The company targets diverse customer segments, including young adults, families, and retirees, ensuring that its services cater to differing financial stages and needs. Operational in multiple international markets, Novo Banco serves clients in regions that extend beyond its domestic base, enhancing its global footprint and customer reach. Novo Banco generates revenue primarily through interest income from retail and corporate lending, including mortgages and business loans, alongside fees from banking services, asset management, and treasury operations. Additional income comes from commissions, payments, and financial advisory services across Portugal.
The June 2025 acquisition enable novobanco’s capital stability, supports long‑term growth, enhances access to expertise and funding, and positions the bank within a strong European group driving strategic expansion.
Current Investors
Lone Star Funds
Primary Industry
Financial Services
Sub Industries
Commercial Banks, e-Financial, Retail Banks, Accounting/Finance Software
Website
www.novobanco.pt
Verticals
FinTech, FinTech, FinTech, FinTech, Mobile Apps
Total Amount Raised
Subscriber access only
Novo Banco, SA - financials
| Fiscal Year Ended | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|
| Revenue (USD) | 898,905,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - |
| EBITDA (USD) | 206,120,000 | - | - | - |
| Operating Income (USD) | 172,116,000 | - | - | - |
| Operating Margin | 19.1% | - | - | - |
| % EBITDA Margin | 22.9% | - | - | - |
| NET Income (USD) | 192,189,000 | - | - | - |
| % Net Margin | 21.4% | - | - | - |
Novo Banco, SA - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Novo Banco, SA | - | ||||||||
| Buyout | Completed | GNB – Companhia de Seguros de Vida, S.A. | - | ||||||||
| Buyout | Completed | Novo Banco, SA | - |
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