antander lacks capital for potential acquisition of novo banco

Banco Santander SA is currently unable to pursue the acquisition of Portugal's Novo Banco SA due to insufficient capital reserves.

Analyst Francisco Riquel from Alantra Partners SA noted that acquiring Novo Banco could enhance Santander's market presence in Portugal and offer cost reduction opportunities.

However, Santander's financial constraints prevent it from taking advantage of this potential avenue for growth.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings