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Securitisation becomes social and helps families in need

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.