Novo Banco S.A., Succursale de Luxembourg

Novo Banco S.A., Succursale de Luxembourg is the Luxembourg branch of Portugal-based Novo Banco S.A., focusing on corporate and private banking rather than mass‑market retail. The branch typically offers current and savings accounts, term deposits, cash management, SEPA and SWIFT payments, trade finance instruments, loans and credit lines, foreign exchange and treasury services, and investment or wealth services within group permissions under MiFID II. It operates under the EU single passport: prudential supervision is exercised by the European Central Bank in cooperation with Banco de Portugal, while conduct and AML/CTF oversight in Luxembourg is carried out by the Commission de Surveillance du Secteur Financier (CSSF). Deposits placed with the branch are covered by the Portuguese Deposit Guarantee Scheme (Fundo de Garantia de Depósitos) up to €100,000 per depositor, per institution, in line with EU rules; investor compensation, where applicable, follows the home‑state regime. Onboarding is oriented to corporates, institutions, and high‑net‑worth clients and generally involves standard identification, source‑of‑funds checks, and, for investment services, appropriateness/suitability assessments. Pricing, fees, and interest conditions are set out in tariff schedules and depend on the client profile, product mix, and volumes. As a branch, its financial position and risk profile mirror those of the parent bank; recovery and resolution decisions would be taken by the Portuguese resolution authority under the EU framework, with deposit protection applying accordingly. Novo Banco was created in 2014 following the resolution of Banco Espírito Santo; ownership and capital structure have since been subject to restructuring measures and private investment, and prospective clients should review the latest public reports and disclosures. Operationally, euro is the primary currency, with multicurrency options available for payments and deposits where offered. Authorisation status and contact details can be verified on the CSSF’s public register and in the parent bank’s regulatory disclosures.