News

Portuguese lender Novo Banco slumps to a €1.4bn loss

Page created: Thursday, 29 March 2018 10:09 GMT

Tags:
Financial Results   Novo Banco

Portuguese lender Novo Banco has reported a net loss of €1.4bn, underlining how southern European banks are still struggling to repair their balance sheets after its new US private equity owners booked big provisions on bad loans.