In a statement sent to the Comissão do Mercado de Valores Mobiliários (CMVM), the bank reports that commercial banking product fell by 2.8% year-on-year, amounting to 1,095 million euros.
The financial margin, reflecting the difference between the interest charged on loans and the interest paid on deposits, reached 829 million euros, a decrease of 6.5% compared to the same period last year. Commissions increased by 10.7% to 266.1 million euros.
Novo Banco recorded a 5% rise in its operational costs, reaching 384.2 million euros, causing the operating profit to decline by 0.9% to 783.6 million euros.
Novo Banco’s CEO, Mark Bourke, stated in the release that the values recorded in the first nine months of 2025 “reinforce the robustness” of the institution’s business model.
“We continue to execute our strategic plan with discipline, supporting Portuguese families and companies,” he added.
