Novo Banco S.A. Covered Bonds (Obrigacoes Hipotecarias - Mortgages - CPT): Surveillance Report

On 3 December 2021, DBRS Ratings GmbH (DBRS Morningstar) confirmed its “A” ratings on the Obrigações Hipotecárias issued under the Novo Banco S.A. Conditional Pass-Through Covered Bond Programme (the Programme). The confirmations follow the completion of a full review of the Programme.