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News

News and press releases

This section contains all MyCredit-related and industry news.

09/11/2021

RELEASES

My Credit to Sponsor the SmithNovak NPL Iberia 2021 international summit

My Credit is pleased to announce that we are a sponsor of SmithNovak's NPL Iberia 2021 international summit taking place on the 25th of November 2021 in Madrid at the Princesa Plaza Hotel. (More info here)

SmithNovak is the premier event organiser for NPL events in Europe and host key events in London, Athens, Milan and Madrid (see events here).

For more information visit the event web page at https://www.smithnovak.com

Event Details:
NPL Iberia 2021
25 November 2021
Princesa Plaza Hotel, Madrid

03/11/2021

RELEASES

Balbec Capital acquires NPL portfolio from Unipol ReC for EUR 22 million

Milan, 3rd November 2021 - Balbec Capital LP, a private investment company operating on a global scale, has acquired from Unipol ReC a €22 million secured NPL portfolio composed of 50% accommodation facilities (mainly hotels and tourist residences) and the remainder of residential properties. 

My Credit S.p.A., a company specialized in the valorization of NPL and Utp assets and portfolios, in addition to having coordinated the origination of the transaction, will manage the portfolios as special servicer, through its method based on territoriality and its ability to act as a bridge between the financial and real estate worlds.  

This is the fifth operation that sees the collaboration between Balbec Capital and My Credit since February 2020, for a total GBV value of managed that is close to 60 million euros.

The master servicer chosen for the operation is Banca Finint.

09/09/2021

RELEASES

Balbec Capital assisted by My Credit acquires assets from Unipol, Cassapadana and Centropadana for EUR 7 million

My Credit will manage the portfolios as special servicer

Milan, 8th September 2021 - "Andromeda" is the name given to the transaction that led to the acquisition of three NPL portfolios by Balbec Capital LP, a private investment company operating on a global scale.  My Credit S.p.A., a company specialized in the valorization of NPL and Utp assets and portfolios, in addition to having coordinated the origination of the transaction, will manage the portfolios as a special servicer, through its method based on territoriality and its ability to act as a bridge between the financial and real estate worlds.  

The master servicer chosen for the operation is Banca Finint.

The three portfolios, mainly secured with underlying residential real estate, have a total GBV of 7 million euro.

Transferring banks: Unipol ReC, BCC Cassapadana, BCC Centropadana.      

27/05/2021

REVIEWS

MyCredit: "Home is back to investing"

The CEO of MyCredit Mirko R. Tramontano was interviewed by Massimiliano Del Barba for the newspaper "Corriere della Sera " 

The city of Brescia - the current scenario of the real estate market.

The economic gap reinforced by the pandemic situation has in fact given a new shock to the real estate market, with an increase in demand for real estate stimulated by the new economic needs of a middle class in difficulty, also thanks to the new bonuses and incentives.

 

Click here to download the full article in PDF format

04/02/2021

RELEASES

Capital with My Credit for the acquisition of an NPL portfolio from BCC Centropadana

Milan, February 4, 2021 - Balbec Capital LP, a private investment company operating on a global scale, has acquired through the securitization vehicle Duomo SPV, a portfolio of NPL loans for a GBV value of € 5,200,00.00 from BCC Centropadana.

The portfolio, consisting of mainly secured loans with underlying real estate, will be managed entirely, as a special servicer, by My Credit SpA, a company specialized in the valorization of NPL and Utp assets and portfolios, through the management method based on territoriality (over 1100 brokers active in Italy) and the ability to manage a combination   between the financial and real estate world.

The master servicer chosen for the management of the portfolio is Banca Finint).

Here attached the press review

08/10/2020

RELEASES

MyCredit together with Balbec Capital has acquired a portfolio of NPL loans from BCC Agrobresciano

Milan, 8 October 2020 - MyCredit SpA, a company specialized in the investment and enhancement of NPL and Utp assets and portfolios, and Balbec Capital LP, a private investment company operating on a global scale, announce that they have acquired from BCC Agrobresciano a portfolio of NPL credits with a GBV of € 10 million, almost entirely Secured and guaranteed by residential assets.

The Master servicer chosen to manage the portfolio is Securitisation Services S.p.A., while MyCredit S.p.A. will operate as subservicer.

Please find attached the complete press review

10/09/2020

REVIEWS

MyCredit, the challenge to the real estate NPL market starts from Brescia

Mirko R. Tramontano, CEO of My Credit - Make Your Credit SpA, was interviewed by Roberto Ragazzi for the newspaper " Il Giornale di Brescia" During the interview, an overview of the My Credit universe was presented, with a focus on the method used and on the non-performing loan market.

By clicking here you can download the interview in PDF format

23/07/2020

REVIEWS

What might be the future for Italian real estate after the coronavirus pandemia?

Valentina Magri collected for BeBeez International the forecasts of some relevant companies in the real estate sector on the market trend after the current crisis.

MyCredit has contributed with a research, which shows that 52.4% of professionals in the sector expect a drop in prices, while 47.6% assume that after an initial decline, the market will recover  the trend of the previous period the crisis.

MyCredit's forecasts are in line with those of Nomisma, which expects a drop in sales in the residential sector due to the squeeze on mortgages by banks.

The complete analysis is attached

20/05/2020

REVIEWS

Falling demands and prices. The interest in the NPL business is growing

A MyCredit survey of 500 brokers identifies, at least in the short to medium term, a general decline in trading and prices.  Only the quality residential will keep.  Increases the interest in the "balance and excerpt".

Laura Cavestri interviewed our CEO Mirko Tramontano for the newspaper "Il Sole 24 Ore".

The complete article is attached