Novo Banco, S.A., S.E.

 (5.0; 1 ratings)
5.0 1
Business Focus
universal 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., S.E. operates as a branch of Novo Banco, SA (Portugal).

Bank Category

Branches of foreign banks

Services

retail banking
investment management
asset management
insurance

Products

current accounts
savings accounts
time deposit accounts
credit cards
consumer loans
mortgage loans

Financials

Total Assets of Novo Banco, S.A., S.E.
Net_income of Novo Banco, S.A., S.E.
Total Assets (2018)
2,235.07 mln EUR  (-10.74%)
Net Income (2006)
4.49 mln EUR  (+905.37%)
Number of Employees (2017)
263  (-4.36%)

In 2018 total assets of Novo Banco, S.A., S.E. were 2 235,07 mln EUR. In 2006 the bank's net income was 4,49 mln EUR. Novo Banco, S.A., S.E. had 263 employees in 2017.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Fundo de Garantia de Depósitos (FGD)
Covered Depositors
natural persons
legal entities
Covered Accounts
current accounts
savings accounts
time deposit accounts

Novo Banco, S.A., S.E. participates in the deposit guarantee scheme of Portugal. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Novo Banco, S.A., S.E. is a member of Fundo de Garantia de Depósitos (FGD) and makes its contributions into it.

Contacts

Cl Príncipe de Vergara, 112, 28002, Madrid, Spain
0914005000
0914005053

Novo Banco, S.A., S.E. is located in Madrid.

Bank Identifiers

BIC (SWIFT)
BESMESMM
Bank Sort Code
0131
Company Number
W0102800J
MFI ID
ES0131

Bank History

Previous Name
Banco Espírito Santo, S.A., S.E.

Similar Banks

HSBC France, S.E. Logo HSBC France, S.E.
retail and business banking
UBS Europe, S.E. Logo UBS Europe, S.E.
wealth management
BMW Bank GMBH, SE Logo BMW Bank GMBH, SE
vehicle financing for BMW brands
Bankoa, S.A. Logo Bankoa, S.A.
retail and corporate banking
Triodos Bank, NV, S.E. Logo Triodos Bank, NV, S.E.
sustainable banking

See Also

Related Articles