National Bank and Qualco set up realty platform

National Bank of Greece (NBG) seeks to enter the real estate brokerage sector through its collaboration with technology provider Qualco for finding, selling and financing the purchase of real estate. The collaboration, in the form of a joint venture company in which Qualco will have 51% and National 49%, provides for the creation of a platform through which an interested buyer will be able to search for a property and subsequently secure its financing if necessary through National.

The aim of the platform is to locate properties from other sources as well - i.e. not only properties that are in the banks' possession - through partnerships that will be developed with the estate agents' market. Among the comparative advantages that the platform named Uniko will offer is the provision of technical and legal support, in order to deliver the property ready. The platform will also...