Tramontano (My Credit), new waves of NPLs in real estate

Mirko Tramontano was interviewed by Dealflower about the near future of NPLs (non-performing loans) in the real estate sector. According to data from Banca Ifis, it cannot be ruled out that between the end of 2023 and the beginning of 2024, there will be a further influx of NPLs in the real estate sector. This hypothesis was also confirmed by Mirko Tramontano during his interview, according to whom the impact on the real estate market will mainly relate to asset liquidity. Today, My Credit increased its portfolio by an additional £150 million Gbv, while the analysis of approximately £300 million more is currently in the pipeline. ‘The trend is very positive because we are moving towards expansion with significant volumes. However, we are not seeking to increase volumes for their own sake, but rather to achieve balanced growth while maintaining a high level of attention in analysing the underlying assets of the loans we are going to acquire,’ commented Tramontano.