Lisbon, Portugal - October 11, 2025 – The Portuguese government anticipates nearly €1.7 billion in revenue from the sale of Novo Banco, according to state budget documents released today. While the windfall isn’t prominently featured within the core budgetary text, it is detailed in a supplementary revenue statement.
The projected income represents a important boost to Portugal’s financial outlook, possibly influencing future public spending and debt reduction strategies. The funds are expected to arrive following the completion of the sale process,impacting the banking sector and broader financial stability of the nation.This influx of capital arrives as Caixa Geral de Depósitos (CGD) is also poised to deliver record dividends of one billion euros.
Novo Banco was initially created in 2017 from the remnants of Banco Espírito santo, which collapsed during the European sovereign debt crisis. The Portuguese state intervened to rescue the failing bank, and the subsequent sale has been a long-awaited event for the government, aiming to recoup public funds invested in the bailout. The precise details of the sale and the acquiring entity remain undisclosed in the current budget documentation, with only a general revenue projection provided.