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BPCE Group to acquire Portugal's Novo Banco

BPCE Group to acquire Portugal's Novo Banco

A.V.English Section / 16 iunie

France's BPCE Group has agreed to acquire Portugal's fourth-largest bank Novo Banco, including the 75% stake held by U.S. private equity fund Lone Star, in a deal valued at 6.4 billion euros ($7.4 billion), the parties said on Friday, as...

ING Groep aims for growing revenues

ING Groep aims for growing revenues

V.R.English Section / 18 iunie 2024

ING Groep is targeting total revenue growth of between 4% and 5% per year by 2027, on the back of an expected advance in earnings from net interest and fee income, while reduced loan losses should offset costs higher, the largest banking group in...

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