Novobanco Profits Rise Amid French Acquisition (eco.sapo.pt)

• Q1 2026 net profit reached 200.7 million euros, up 13%.
• Commission income performance offset net interest margin decline.
• Transition toward French ownership in progress.

"Novobanco reported a net profit of 200.7 million euros for Q1 2026, marking a 13% year-on-year increase. Growth was driven by robust banking operations and rising commission revenues, which offset a contraction in the net interest margin. The institution is currently navigating a transition toward French ownership. Despite shifts in the interest rate environment, the bank maintains strong commercial momentum, demonstrating operational resilience as it prepares for the change in strategic leadership and capital structure."