Piraeus Initiates Partnership With Qualco for the Development of a Digital Solutions Platform for Mortgage Loans
ATHENS, Greece--(BUSINESS WIRE)--Piraeus Financial Holdings (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF) announces that its subsidiary, Piraeus Bank S.A. (hereinafter the 'Bank') has entered into a Shareholders' Agreement ('SHA') with the technological provider, Qualco S.A. ('Qualco') to establish an operational digitalization solutions platform initially focused on mortgage loans (the 'Platform'). The Platform will be developed and operated through a newly formed company, controlled by the Bank (51%), while Qualco retains a minority stake (49%).
This strategic initiative aims to differentiate Piraeus' positioning by offering an end-to-end digital lending journey, accelerating time to cash, and optimizing loan disbursement processes. The Gen AI-powered Platform will enhance the mortgage lending experience by streamlining end to end the loan process, from application to disbursement, through advanced digital tools and technology- driven processes. Τhe Platform is envisaged to integrate in the future with real estate selling platforms and other digital tools, broadening the Bank's market reach.
Τhe Platform will serve both as a processor of loans originated by the Bank, as well as a source of new loan opportunities for the Bank. Qualco holds a direct vested interest in the Platform's ongoing development, maintenance and product evolution to ensure optimal performance and profitability.
Qualco, a leading technology company offering a wide range of analytics-driven fintech solutions with extended AI expertise and digital transformation experience, has been selected as the preferred partner for the development and deployment of the proposed solution as well as the long run support of the endeavor.
KLC Law Firm acted as the external legal advisors for the Bank in connection with the transaction.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
41 minutes ago
- Yahoo
Westbridge Renewable Provides Update on Normal Course Issuer Bid
TORONTO, June 6, 2025 /PRNewswire/ - Westbridge Renewable Energy Corporation (TSXV: WEB), (OTCQX: WEGYF), (FRA: PUQ) ("Westbridge", "Westbridge Renewable" or the "Company") announced today that the TSX Venture Exchange (the "TSXV") has approved the commencement by Westbridge Renewable of a normal course issuer bid program (the "NCIB"). The Company wishes to clarify that the NCIB will commence on June 11, 2025 and will terminate on June 10, 2026 or on an earlier date if the maximum number of common shares sought in the NCIB has been repurchased, instead of June 9, 2025 and June 8, 2026, respectively, as previously announced. About Westbridge Renewable Energy Westbridge Renewable Energy Corp. originates, develops, and monetizes best-in-class, utility-scale solar PV projects. The Company has a portfolio of projects in four key jurisdictions, Canada, the U.S., the U.K., and Italy. Westbridge plans to deliver attractive, long-term returns by originating, executing, and developing an international portfolio of renewable assets for investors and utilities. Management has a strong track-record with 40+ projects developed worldwide, obtaining, and executing projects. As one of the very few listed pure-play Canadian solar development companies, Westbridge provides its investors with valuable access to greenfield solar projects. This means the Company can invest at the earliest stage of solar energy development benefiting from the full value chain, as well as the expected wider adoption of renewable energy going forward. Westbridge brings together regulators, corporate buyers, and landowners with the goal of delivering clean, sustainable electricity to end users. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain information set forth in this document contains forward-looking information and statements including, without limitation, purchases of the Shares made under the NCIB and the timing thereof, the duration of the NCIB, the management's business strategy, management's assessment of future plans and operations. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future, including the duration of the NCIB, the purchases of the Shares if at all, as there is no assurance the NCIB will be completed for the full term or at all. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "potential" or similar words suggesting future outcomes or statements regarding future performance and outlook. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include risks and uncertainties relating to Company's ability to obtain regulatory approval or at all. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. View original content to download multimedia: SOURCE Westbridge Renewable Energy Corp. Sign in to access your portfolio
Yahoo
41 minutes ago
- Yahoo
Graco Announces Regular Quarterly Dividend
MINNEAPOLIS, June 06, 2025--(BUSINESS WIRE)--The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 27.5 cents ($0.275) per common share, payable on August 6, 2025, to shareholders of record at the close of business on July 21, 2025. The company has approximately 165.6 million shares outstanding. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at View source version on Contacts FOR FURTHER INFORMATION: Investors: David M. Lowe, 612-623-6456 Media: Meredith A. Sobieck, 763-353-1498Meredith_A_Sobieck@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
43 minutes ago
- Business Wire
HGreg plants 6,250 trees in Québec in 2025
MONTRÉAL--(BUSINESS WIRE)--Automotive Group HGreg continues its environmental commitment by announcing the planting of 6,250 trees in Québec this year as part of its annual Buy a Car, Plant a Tree campaign, carried out in partnership with Tree Canada. Launched for the ninth year running, the initiative aims to support reforestation projects across the country. A total of 14,822 trees have been planted since the partnership began in 2016. 'As a key player in our industry, we have a responsibility to play an active role in protecting the environment,' emphasizes Harry Kasparian, Vice President of Marketing for HGreg. 'That's why we're proud to renew our commitment to Tree Canada, this year and for years to come.' The trees planted in 2025 will be located in the Bécancour RCM, on a former abandoned farm site close to the St. Lawrence River. This initiative seeks to revive a natural ecosystem by reintroducing native conifers that have ceased to naturally regenerate in this region. About Tree Canada Tree Canada is the only national non-profit organization dedicated to the planting and care of trees in rural and urban areas, in every province of the country. We contribute to the growth of Canada's forest cover through our programs, research and engagement efforts, and by providing grants to communities and schools. We are capacity-building thought leaders that collaborate with a network of industry and university experts as well as other non-profit organizations to help enhance the knowledge of communities and help municipalities plan and maintain local forest cover. Together with our partners and sponsors, we have planted over 84 million trees. About HGreg Established in 1993, HGreg is committed to simplifying the car-buying process through its core values of excellence in customer service, transparency, smart use of technology and a refreshing customer-focused philosophy. Supported by a passionate team of car enthusiasts, HGreg operates dealerships in Québec and the U.S., offering both new and pre-owned vehicles. For more information, visit
