News

07/09/2020

First bond issue launched by KRUK under Seventh Bond Programme

On September 7th 2020, KRUK published the Final Terms and Conditions of Series AK1 bonds (the “Bonds”). The Bonds will be distributed via a public offering at an issue price equal to their nominal value of PLN 100 per Bond, with the...

31/08/2020

KRUK S.A. shareholders approve decision to distribute 2019 profit by way of share buyback

On August 31st 2020, the Annual General Meeting of KRUK S.A. approved the Company’s performance for 2019, and granted discharge from liability to the Management Board and Supervisory Board members. The shareholders also decided that the 2019...

27/08/2020

KRUK posts 2nd quarter net profit of PLN 43m and closes first half of 2020 with cash EBITDA of PLN 591m

KRUK has published its first-half 2020 report. The Company posted a net profit of PLN 43m for the second quarter of 2020, reducing its first-half loss to PLN -19m. The consensus estimate of the Polish Press Agency, based on estimates provided by six...

24/08/2020

PFSA gives the green light for public bond issues by KRUK

The Polish Financial Supervision Authority (PFSA) has approved the prospectus, submitted on April 21st 2020, for the 7th Bond Programme with a total nominal value of all bond series of up to PLN 700m. Under the prospectus, the Company will be able...

04/08/2020

KRUK gives notice of Annual General Meeting and reveals details of proposed allocation of 2019 profit

The last day of August 2020 has been set as the date of the KRUK S.A.’s Annual General Meeting. For the first time ever, the Company’s General Meeting will be held with remote attendance. In addition to approving the financial statements...

27/07/2020

KRUK to share its 2019 profit with investors

On July 27th 2020, the Management Board of KRUK S.A. resolved to recommend to the General Meeting that a portion of the Company’s net profit for 2019 be allocated either to buy back Company shares for cancellation at a price of PLN 350 per...

10/07/2020

Recoveries at PLN 417m in second quarter of 2020

Recoveries from portfolios held by the KRUK Group totalled PLN 894m in the first half of 2020, having risen 2% year on year. All the markets where KRUK operates were affected to varying degrees by the COVID-19 pandemic and related lockdown...

28/05/2020

KRUK’s Q1 performance figures down over PLN 125m in the wake of COVID-19

KRUK in the first part of 2020 – summary: COVID-19 and its after-effects had an adverse impact on debt portfolio collections in March–April 2020; Recoveries in April 2020 totalled 85% of the operational target for 2020; A PLN...

22/05/2020

Despite strong cash EBITDA, COVID-19 has led to the KRUK Group's posting an estimated net loss for Q1 2020

Despite record recoveries in Q1 2020 and preliminary estimated record cash EBITDA*, the KRUK, acting in accordance with accounting requirements (IFRS 9), factored in the expected effect of the COVID-19 pandemic when estimating the preliminary...

30/04/2020

Changes on the Management Board of KRUK S.A.

On April 30th 2020, KRUK S.A. announced changes in the composition of its Management Board. Agnieszka Kułton, responsible for credit management, resigned from her position as a member of the Management Board, citing health reasons. She will remain...