Lisbon, Portugal โ- October 11, 2025 – The Portuguese government anticipates nearly โฌ1.7 billion in revenue โfrom the sale of Novo Banco, according to state budget documents released today. โคWhile the windfall โฃisn’t prominently featured โขwithin the core budgetary text, it isโข detailed in a supplementary revenue statement.
The projectedโข income represents a important boost to Portugal’s financial outlook, possibly influencing future public spending and debt reduction strategies. The โfunds are expected to โarrive following the completionโฃ of โขthe sale process,impacting the banking sector โandโ broader financial stability ofโ the nation.This influx of capital arrives as Caixa Geral de Depรณsitos (CGD) is also poised to deliverโข record โdividends of one billion euros.
Novo Banco was initially created in 2017 from the remnantsโฃ of Banco Espรญrito santo, which collapsed during the European sovereign debt crisis. The Portuguese state intervened to rescue the failingโข bank, and โthe subsequent sale has been a long-awaited event for the government, aiming to recoup public โfunds invested in the bailout. The precise details of the sale and the acquiringโ entity โฃremain undisclosed in the current budget documentation, with only a general revenue projection provided.