Novo Banco reported a 15.6% decline in net profits to 367.2 million euros for the first half of 2026. The bank attributed the decrease to extraordinary costs associated with its sale to the French group BPCE and a higher effective tax rate.
Novo Banco profits drop 15.6 percent
Tuesday, 4 August 2026AI summary
7 sources
- Novobanco profits fall 15.6% after 'extraordinary costs' in the first half of the yeardinheirovivo.dn.pt ·
- Novobanco profits fall 15.6% to 367.2 million by Juneobservador.pt ·
- Novo Banco profit falls nearly 16% to 367 million euros in the first halfcmjornal.pt ·
- Profit of Novo Banco's parent group rises 30% to 2.4 billion in the first halfeco.sapo.pt ·
- Extraordinary costs from sale keep Novo Banco from record profitspublico.pt ·
- Novo Banco profit falls nearly 16% to 367 million euros in the first half of the yearrtp.pt ·
- Novo Banco reduces profit by 15.6% to €367.2 million in the first half of the yearexpresso.pt ·
