Novo Banco, headquartered in Lisbon, Portugal, is a leading financial institution that offers a wide range of products and services. It was established in August 2014 as a result of the resolution of Banco Espirito Santo (BES), one of the largest and oldest banks in Portugal. Novo Banco operates through its network of branches and ATMs, providing various services such as retail banking, corporate banking, private banking, asset management, and insurance.

It aims to meet the needs of individual clients, small and medium-sized enterprises (SMEs), and large corporations. On a global scale, Novo Banco has expanded its presence through subsidiaries, joint ventures, and partnerships. It has subsidiaries in Angola, Cape Verde, and Mozambique, which contribute to its international operations.

Furthermore, it has established partnerships with several global institutions to enhance its offerings and reach a wider customer base. In terms of market position, Novo Banco is one of the largest banks in Portugal and holds a significant market share. It competes with other major banks like Caixa Geral de Depositos and Banco Comercial Portugues.

While its global sales figures are not readily available, Novo Banco's strong market presence in Portugal positions it as a key player in the financial industry. In recent years, Novo Banco has undergone significant changes and has implemented strategies to strengthen its brand and product lineup. It has focused on digital transformation, emphasizing online and mobile banking services to enhance customer convenience.

Additionally, the bank has been actively participating in the development of sustainable and socially responsible projects, contributing to the betterment of communities and the environment. As of the latest available information, Novo Banco continues to operate as a prominent financial institution in Portugal. It remains committed to providing excellent customer service and innovative financial solutions.

Despite the challenges in the banking industry, Novo Banco strives to adapt to the evolving market and maintain its position as a trusted and reliable banking partner for its customers