Novo Banco

Novo Banco

This bank was founded 4th August 2014 by the Bank of Portugal to protect the assets and liabilities of another bank, Banco Espírito Santo (BES). BES was one of the biggest and oldest banks in Portugal.

The bank was divided into two; the “good bank” renamed Novo Bonco, and the “bad bank.”

Mr. António Manuel Palma Ramalho is the group’s Chief Executive and Mr. Eugénio Fernando Quintais Lopes is the Secretary.

Services in Portugal:

The bank offers the following services to its clients, retail and investment banking services, insurance services, asset management services, and venture capital services. The company also takes deposits, grants loans, manages investment funds, offers brokerage and custodian services.

Number of Employees:
The company has a total number of 6,132 employees.

Cities with Branches:
Madeira, Lisbon, Porto

Main office location

Avenida da Liberdade,
195 1250-142 Lisbon


Tel: (351) 21 350 10 00
Fax: (351) 21 855 74 91



Banking codes


1250-096 Lisboa, Portugal