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Portugal to meet Novo Banco commitments, says finance minister

LISBON, Nov 27 (Reuters) - Finance Minister Joao Leao said on Friday Portugal would comply with all its commitments related to Novo Banco after opposition parties blocked an injection of 476 million euros ($567.53 million) into the lender’s capital in next year’s budget.

“Portugal will meet, as it has always done, its commitments assumed regarding Novo Banco,” Leao said in a short statement sent to Reuters without providing further details.

Novo Banco is controlled by U.S. private equity firm Lone Star. ($1 = 0.8387 euros) (Reporting by Sergio Goncalves, Editing by Andrei Khalip)

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