News

21/04/2020

KRUK begins work on its 7th Public Bonds Programme

The Management Board of KRUK S.A. has passed a resolution to establish the 7th Bonds Programme with a total nominal value of up to PLN 700m, whereby the Company will be able to issue public bonds (“Bonds”) under a prospectus for a year...

10/04/2020

Despite strong recoveries and a stable liquidity position, KRUK expects the Covid-19 pandemic to have a negative impact on its first-quarter results

In the first quarter of 2020, KRUK invested over PLN 57m in debt portfolios with a total nominal value of PLN 505m. A 68% year-on-year decline in investment was brought about by the global spread of the coronavirus pandemic, which caused the Group...

01/04/2020

KRUK launches bond repurchase

The Management Board of KRUK S.A. has passed a resolution to repurchase a portion of the Company’s dematerialized bonds, with a nominal value per bond, depending on the series, of PLN 100 or PLN 1,000. The repurchase may continue until...

19/03/2020

Commentary by Piotr Krupa, President of KRUK S.A. on the current situation and activities of the KRUK Group - 19/03/2020

KRUK has published a video with the statement of Piotr Krupa, President of the Management Board, on the activities of the KRUK Group in current conditions. I decided to comment on the current situation of the KRUK Group in the context...

18/03/2020

KRUK for the sake of the safety process participants abandons the offering of Series AJ2 bonds

The Management Board of KRUK S.A. has announced its decision to abandon the offering of Series AJ2 bonds. Made in response to the coronavirus epidemic spreading in Poland, the decision was guided by the sense of responsibility for the public, as...

12/03/2020

KRUK launches retail bond issue

March 19th 2020 is the planned opening date of the subscription period for this year’s first issue of public bonds as part of KRUK’s Sixth Bond Programme. The subscription period will end on April 1st 2020. The total nominal value of the...

05/03/2020

KRUK posts PLN 277m in net profit and over PLN 1.1bn

KRUK S.A. has published its consolidated financial results for 2019: Net profit at PLN 277m, down 16% year on year Cash EBITDA at PLN 1.1bn, up 12% year on year Recoveries from purchased debt portfolios at PLN 1.8bn, up 13% year on...

14/02/2020

Management Board's comment on the share price

In connection with a 10,6% decrease in the KRUK share price on February 13th 2020, the KRUK Management Board announces that no events occurred at the Company that could justify a significant price decline. At the same time, following press reports...

10/01/2020

KRUK in 2019: PLN 1.78bn in recoveries, with investments at PLN 781m, estimated net profit PLN 304m

Recoveries in 2019 from the KRUK’s purchased debt portfolios amounted to PLN 1.78bn, representing the Group’s all-time record and a 13% growth on previous year. At the same time, the KRUK Group invested totally PLN 781m in new debt...

13/12/2019

KRUK wins the tender to purchase bank debt portfolio in Italy

As previously announced, in the fourth quarter of this year KRUK resumed its investment activity on the Italian market. On December 13th 2019, ItaCapital S.r.l., a member company of the KRUK Group, won an auction to purchase a portfolio of unsecured...