KRUK Group consolidates position on debt purchase market

In 2013, the KRUK Group spent a total of PLN 367.2m buying debt portfolios from banks and companies in the consumer sector, up 19% on the year before. The nominal value of the debt purchased was PLN 3.79bn. Altogether, in 2013 the Group purchased 65 debt portfolios, including 20 in Poland, 30 in Romania and 15 in the Czech Republic and Slovakia.

By comparison, in 2012 KRUK spent PLN 309.3m on debt portfolios with a nominal value of PLN 3.58bn.

In Q4 2013 alone, the amount invested by the Group to buy debt totalled PLN 82.2m, with the nominal value of the debt portfolios purchased amounting to PLN 1bn. Previously, in Q4 2012, the Group had spent PLN 120.4m to purchase debt with a nominal value of PLN 1.08bn.

I consider the expenditure of almost PLN 370m over 2013 to be an excellent accomplishment, which solidifies our market lead in debt purchase in Poland and Romania. By selling their receivables, the banking and consumer sectors keep generating supply, and we are set to remain an active participant in debt auctions across the Group's markets. Depending on how these markets develop, we will also be active in the corporate and mortgage debt purchase segment, -  commented Piotr Krupa, President of the Management Board of KRUK S.A.