Quoted in the statement, Chief Executive Mark Bourke said that last year the bank ‘consolidated a trajectory of sustainable growth’ and that ‘the performance in 2025, with historic results, confirms this path’.

In 2025, net interest income (the difference between interest charged on loans and interest paid on deposits) fell 7% to €1,097.1 million, in a context of lower interest rates, while commissions rose 9.5% to €353.6 million.

Income from financial operations more than doubled to €42.2 million, and other operating income almost doubled to €76.9 million. The latter includes the refund to the State of the Additional Solidarity Contribution (tax refunded to banks after being deemed unconstitutional).

Impairments and provisions (to cover losses) decreased by 31% to €129.8 million.

Created in August 2014 following the resolution of Banco Espírito Santo (BES), Novo Banco was sold last year to the French group BPCE. The transaction is expected to be completed in the first half of this year.

In the sale agreement, BPCE undertook to pay €6.4 billion to shareholders, with the US fund Lone Star (which owns 75% of the bank) receiving €4.8 billion and the Portuguese State (which owns the remaining 25%) receiving €1.6 billion.

Novo Banco does not present its accounts at press conferences.

Since Mark Bourke became chairman (succeeding António Ramalho) in August 2022, the bank has not held a press conference to present its results, unlike most large Portuguese banks (both public and private).