NOVO BANCO, the fourth largest bank operating in the Portuguese market, has acquired Unibanco for an undisclosed amount. This strategic move sees NOVO BANCO expanding its presence and capabilities within the highly competitive financial services sector. The acquisition, confirmed today, signifies a clear intent by NOVO BANCO to strengthen its market position through inorganic growth.
NOVO BANCO currently serves 1.7 million customers across Portugal, managing assets totaling 42.4 billion euros and holding a 9.2% overall market share as of June 2025. The bank operates a comprehensive omnichannel customer relationship model, which includes secure digital channels complemented by a network of 290 branches and 20 corporate centers nationwide. Unibanco, also a banking institution, is expected to integrate its operations and client base into NOVO BANCO’s established infrastructure.
The acquisition is strategically aimed at leveraging combined resources to enhance efficiency and expand reach. Expected synergies include a broader customer base, an increased market share for NOVO BANCO, and optimized operational costs. The integration is anticipated to create opportunities for offering an even more comprehensive and convenient banking experience, combining the strengths of both entities to benefit families and businesses throughout Portugal. This solidifies NOVO BANCO's commitment to contributing to Portugal's economic growth.
Looking ahead, the combined entity is poised to reinforce its competitive edge and service offering within the Portuguese financial landscape. By integrating Unibanco’s operations, NOVO BANCO aims to build on its existing foundation of customer-centric services and extensive distribution network, fostering sustainable and responsible growth for all stakeholders. The focus will be on seamless integration and maintaining high standards of service.