[5] The bank also reported that it held a solid balance sheet and robust capital ratios and was investing heavily in renewing its commercial network.

From this date onwards, Novobanco entered a phase of restructuring both in terms of its operations and cleaning up its balance sheet and concentrating on its core business of commercial banking dedicated to private and corporate clients in the domestic market.

From 2017 to 2022, Novobanco implemented an ambitious restructuring plan that focused on key areas such as asset quality improvement, cost reduction, operational efficiency and strategic realignment.

[8] The bank took steps to reduce its non-performing loan portfolio from 12.3% of the net NPL ratio in 2017 to 0.4% in 2024, including implementing strict risk management practices, strengthening internal controls and creating specialised recovery units.

This is a recognition of novobanco's dedication to its customers, consistently anticipating their needs and providing innovative, efficient, and transparent banking products and services, based on high ethical standards and integrity.

The rigorous evaluation process conducted by The Banker (Financial Times) emphasized several novobanco’s exceptional achievements in various key areas.

Novobanco's impactful corporate social responsibility initiatives, addressing environmental sustainability, community development, and financial inclusion, have also played a pivotal role in the bank's recognition.

[15] A month and a half after he started up his duties, Vítor Bento abandoned the leadership of Novo Banco and was replaced in September 2014 by Eduardo Stock da Cunha.

[27] In October 2016, the resolution fund had received four offers on Novo Banco from China's Minsheng Financial Holding, Apollo and Centerbridge and Lone Star.

[28] In January 2017, Aethel Partners headed by Ricardo Santos Silva made an offer to buy Novo Banco.

In August 2023, Novo Banco was ordered to return $1.5 billion worth of frozen assets to the Venezuelan government.

On the back of this early termination which lifts a contractual dividend ban, the bank announced plans to normalise its capital structure and is targeting an initial public offering in 2025.