#ActingLocal:
In MyCredit, the management of NPLs takes place through a territorial approach by carrying out concrete market researches on the marketability of properties. The expert evaluation is an important technical element, but it is the real price indicated by the market which really makes the difference.
#Coaching
At MyCredit, the management of NPLs takes place through a supportive approach that involves direct contact with the debtor and a planned step-by-step procedure. It is therefore possible to bridge the gap between the transfer value and the real market value of the collateral, through a customized method called Coaching.
18/04/2024
My Credit has taken credits of Altea spv srl (a securitisation company) and is ready to start a new plan for the former Freccia Rossa shopping centre in Brescia.
A great result for the entire team, made up of internally trained young people, who managed to achieve a really important result.
Thanks therefore to the whole team!
At this link you will find the interview given to Giornale Di Brescia by CEO Mirko Tramontano.
11/04/2024
On today's issue of Il Sole 24 Ore, an interesting interview by Laura Cavestri with Mirko Tramontano, CEO of MyCredit, who talked about social securitizations, a tool provided for by the 2020 Budget Law and My Credit's project.
"The instrument," Tramontano explains, "arises from daily observation: indebted families and businesses wish to retain the property but also manage a manageable debt. We have assessed that social securitization, if used correctly, can be a valid response to this challenge, where the interest is not only that of the investor but also takes into account the rehabilitation of the debtor. [...] For a year now, with a task force, we have been working on the implementation of the instrument, from contractual aspects to impacts on the real economy. The timing is ripe."
The complete article is available only to subscribers.
04/02/2024
Giornale di Brescia wrote about the Social Securitisation project launched by MyCredit, the first among institutional investors to have set up a EUR 50 million fund and an ad hoc task force to implement it.
Mirko Tramontano, CEO of MyCredit, explained that this project "can really make a difference for many families who are suffering the consequences of rising interest rates on mortgages at this historic moment. Our innovative credit management model has allowed us to create a very useful tool that until now had remained on paper. At a time when even trade associations and politicians are looking for an answer to these social issues, we believe that it is the task of companies to get involved to help provide a concrete response".
Moreover, adds Dario Bettinelli, Coo and co-founder of MyCredit, "we have identified social securitisation as a tool capable of producing social and economic value. We are proud to be the first in Italy to dedicate real resources to this instrument and to be able to trace the path for its diffusion in the NPE sector".
The full article is available here.
26/01/2024
On Avvenire, the article by Rachele Gallegari on the social securitisation project launched by MyCredit, first among institutional investors.
Mirko Tramontano, CEO of MyCredit, interviewed by Rachele Gallegari, explained that 'The decision to adhere to the social securitisation tool stems from an evidence that we have before our eyes every day: debtor families and businesses tell us that they want to keep their property and have a sustainable debt to deal with. We considered that social securitisation could be the forerunner for a path where the interest is not only that of the capital investor, but also takes into account the rehabilitation of the debtor, who is often the fragile figure in the context'.
The project, for which MyCredit has set up a EUR 50 million fund and a dedicated task force, is aimed at families and SMEs, the categories that have suffered most from the effects of financial crises.
"Dealing with the needs that people have has always been both a choice and a business model for us, also dictated by the desire to do something that would in any case be positive for the real economy and consequently also on a social level" explains Tramontano.
The full article is available here.
My Credit SPA
Via Aldo Moro, 13 – Palazzo Mercurio, 25124 Brescia (BS)
info@mycreditspa.it
+39 030 5233130
VAT number 04111870988
REA number BS - 589250
Share capital fully paid up 714.286 euro
