MCE Locam S. p. A. was established in October 2018 from the integration of Locam S. p. A. and Mediocredito Europeo S. p. A.
Both financial brokerage companies with twenty years of experience, the first is active in the acquisition of non-performing loans and their management, the second operates in the consumer financing sector.
The two business lines, strengthened in the new company reality, are core activities of the new social reality MCE Locam.
-Financing by the reference shareholder SEER for the acquisition of NPL portfolios by the NPL Business Unit;
-Reorganisation of the commercial model used by the CQS Business Unit, which will allow greater control of activities and higher profit margins;
-Development of new funding lines to improve pricing and internal profitability;
-Development of commercial synergies between the two Business Units to support business development in an increasingly competitive market environment.
“The strengthening of the new company’s capital base will facilitate the implementation of the 2018-2020 business plan, approved by the Board of Directors as early as March 2018. The operation will optimize the operating processes of both Business Units, NPL and CQS, will promote the management of funding and have a driving force in commercial terms. The integration between MCE and Locam represents a renewed commitment on the part of the reference shareholder of both companies, the SEER fund, which confirms its interest in the Italian credit market.”