Some 83 structured products with combined sales of €20m had strike dates during the first month of 2020.

The products that struck during the month included three regular structured products and 80 listed turbo warrants. One hundred and twenty-one products reached their maturity in January, releasing approximately €97m back onto the market for reinvestment. Novo Banco has recorded losses of €1.1 billion in full-year 2019, 25% less than in 2018. The bank has said it will request €1 billion from the Resolution Fund (which is financed with contributions from the rest of Portugal´

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