Novo Banco, S.A., Sucursal en España (Spain)

Address

CL PRÍNCIPE DE VERGARA, 110, 28002, MADRID, Spain

BIC

BESMESMM

Overview

Business Focus

private and corporate banking

Novo Banco is a successor of Banco Espírito Santo (BES) establised in August 2014 by the Bank of Portugal as a bridge bank (or a "good bank")to rescue assets and liabilities of BES. The only owner of Novo Banco is a special bank Resolution Fund, the fund will continue to own the bank until the bank is sold to new owners. Novo Banco provides products and services in retail and investment banking, asset management and insurance.

Novo Banco, S.A., Sucursal en España operated as a branch of NOVO BANCO, S.A. (Portugal).

Performance

In 2022, Novo Banco, S.A., Sucursal en España achieved the position of 93rd largest bank in Spain with a market share of 0.00%; its total assets dropped by 16.96%.

Deposit Protection

Deposits up to 100,000 EUR are covered by Portuguese deposit guarantee scheme in Novo Banco, S.A., Sucursal en España.

Market Share (#93 in Spain)

Market Share of Novo Banco, S.A., Sucursal en España

Ratios

L/D

93.58%

Services

retail banking

investment management

asset management

insurance

Products

current accounts

savings accounts

time deposit accounts

credit cards

consumer loans

mortgage loans

Ways to Bank

Novo Banco, S.A., Sucursal en España delivered its products and services through both direct and indirect channels, namely:

branch

online banking

mobile app

Financials

Total Assets of Novo Banco, S.A., Sucursal en España

Net_income of Novo Banco, S.A., Sucursal en España

Total Assets (2022)

44.17 mln EUR (-16.96%)

Net Income (2006)

4.49 mln EUR (+905.37%)

Number of Employees (2017)

263 (-4.36%)

Novo Banco, S.A., Sucursal en España ranked as the 93rd largest bank in Spain by total assets. In 2022 its total assets were 44.17 mln EUR, representing a 0.00% market share. In 2006 the bank's net income was 4.49 mln EUR. As of 2017, the bank employed 263 people.

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Fundo de Garantia de Depósitos (FGD)

Covered Accounts

current accounts
savings accounts
time deposit accounts

Eligible Depositors

natural persons
legal entities

Novo Banco, S.A., Sucursal en España protects deposits up to up to 100,000 EUR per depositor through Portugal's deposit guarantee scheme. The scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons, legal entities. The bank participates in the Fundo de Garantia de Depósitos (FGD), making regular contributions into it.