LISBON: Portuguese bank Novo Banco has revealed that it suffered losses of 362.6 million euros during the first half of the year. Novo Banco, which was created from the collapsed Banco Espírito Santo, had reported losses of just over 250 million euros for the first six months of 2015.
Novo Banco is currently up for sale, and the Bank of Portugal has confirmed that there are four offers on the table, but has so far not disclosed details.