#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.
10/05/2023
On Aziendabanca, an article by Mirko Tramontano on the outlook for non-performing loans and the growing need for specialized figures.
The market that revolves around the recovery of Non Performing Loans, in fact, is moving more and more in the direction of the specialization of operators. A choice that appears strategic in front of the significant masses of present impaired credits and especially for their different types.
These are, in fact, very different loans and in order to arrive at their "grounding" a segmentation of portfolios according to their peculiarities will be needed, accompanied by increasingly specific professionalism of the operators. Not least because it is estimated that the series of crises that have been marking these last few years, starting in 2008, will push for further growth in NPL/UTPs.
The full article is available here: https://www.aziendabanca.it/notizie/imprese/crediti-deteriorati-immobiliari-specializzazione
16/11/2022
Mirko Tramontano was interviewed by @Dealflower about the near future of NPLs (non-performing loans) in real estate.
In fact, according to data from Banca Ifis, it cannot be ruled out that between the end of 2023 and the beginning of 2024 there could be a further influx of NPLs in the real estate sector. Hypothesis also confirmed by Mirko Tramontano during his interview, according to which the impact on the real estate market will mainly relate to the liquidity of assets.
Today My Credit has increased its portfolio by an additional 150 mln Gbv, while in the pipeline is the 'analysis of about 300 mln additional. "The trend is very positive because we are moving toward a direction of expansion with significant volumes. However, we are trying to achieve not so much an increase in volumes as an end in itself but a balanced growth while maintaining a high attention in the analysis of the underlying of the credits we are going to acquire," Tramontano commented.
To read the full interview: https://dealflower.it/tramontano-my-credit-nuove-ondate-di-npl-sullimmobiliare/
20/09/2022
Milan, September 20, 2022 - My Credit Spa, a company specializing in the valorization of NPL and UTP Secured assets and portfolios, with an innovative proprietary management method based on territoriality and the ability to act as a bridge between the financial and real estate worlds, continues its growth in asset management by confirming a positive trend that has seen the acquisition of 5 new portfolios in 2021 and the start-up of 6 additional projects in the first half of 2022 alone, for a total GBV value of €130 million, thanks also to the consolidated collaboration with Balbec Capital.
In particular, the purchase of portfolios and assets worth over €75 million from the primary market and over €55 million from the secondary market, among others, was finalized.
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
