#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.
24/04/2024
On Quotidiano Nazionale, an interesting article by Giorgio Costa discusses the current macroeconomic scenario in Italy, marked by continuously rising inflation, growing geopolitical tensions, and an increase in ancillary costs and raw materials.
In this context, Italian businesses are facing increasingly complex challenges, with the risk of default steadily rising: according to the latest Credit Outlook 2024 from Cerved Rating Agency, released last December, this rate has risen to 6.22%.
Compared to three years ago, the number of companies with a positive rating has decreased, while the number of companies with a high risk of insolvency has increased.
Mirko Tramontano, CEO of MyCredit, highlighted that "2024 has opened with great willingness on the part of Italian businesses to improve their market positioning. It is essential that this constructive approach, aimed at recovering ground lost during the period of increased ECB interest rates, is combined with an ability to structure themselves more effectively to attract capital and enable sustainable growth. If we then look at the Real Estate sector, as well as the tourist real estate sector, we have daily evidence of great resilience and strong interest in investing with capital from both Italian and foreign sources: this demonstrates the excellent resilience of these sectors, which are destined for a recovery in volumes first and values later, with obvious benefits for sector companies, provided they are able to adapt their quality standards to current market demands."
The full article is available at the following link
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.
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
