In the first half of 2013, the KRUK Group invested more than PLN 184m in debt portfolios with a total nominal value of PLN 1,64bn. Since the beginning of the year, the Group has purchased a total of 26 portfolios, including seven in Poland, 11 in Romania, and eight in the Czech Republic and Slovakia. Compared with the first half of 2012, capital expenditure spent on debt purchases has doubled in H1 2013. In the same period a year ago, the Group bought PLN 1.1bn-worth of debt portfolios for PLN 96m.
In Q2 2013 alone, capital expenditure by the KRUK Group on the purchase of debt portfolios totalled PLN 135m, which represents a 60% rise year on year. In Q2 2013, the Group bought 14 debt portfolios with a total nominal value of PLN 1.3bn, including four in Poland, six in Romania, and four in the Czech Republic and Slovakia. In comparison, the total value of capital expenditure on debt portfolios purchased by the Group in Poland and abroad in Q2 2012 was PLN 84m, with the nominal value of the debt amounting to PLN 890m.
The new investments help bolster a sound basis for the delivery of strong financial performance in the future. Capital investment of PLN 184m made in the first half of 2013 will increase the fair value of debt portfolios as disclosed on the Group's balance sheet, which exceeded PLN 870m as at the end of 2012. The total nominal value of debt purchased by the Group over its entire operating history has now reached PLN 15.8bn.