Sareb Pays €9.3 Mn Management Fee to NCG

6/05/2014 – Faro de Vigo

Equally to other nationalized entities, Novagalicia and its seven real estate servicers have got an asset management contract with Sareb (Spain´s bad bank). Depending on the volume administered, each bank receives “fixed fees” and other “variables” that in case of NCG reached nearly €9.364 million in 2013.

Taking into account both its own property and the assets managed on behalf of Sareb, the entity traded 3.316 units last year.



Original article: Faro de Vigo

Translation: AURA REE