The KRUK Group has won an auction to purchase a mixed debt portfolio with a nominal value of PLN718m from PKO BP. It is the second largest portfolio in terms of nominal value to have been purchased by KRUK this year, and the third largest portfolio in the history of the KRUK Group in all markets where it is present.
“Banks in Poland continue to provide an ample supply of non-performing debt, and today’s news of our auction win attests to this fact. Executing the transaction with Poland’s largest bank will solidify our market lead in Central Europe, and is further proof that KRUK can effectively compete even with the largest international players,” said Piotr Krupa, President of KRUK S.A.
Piotr Krupa expects that the year 2015 will be successful in terms of the scale of new investments. “In recent months we have purchased two of the three largest portfolios in the history of the KRUK Group. Let me add that in Q2 we bought consumer debt with a nominal value of PLN 761m from Piraeus Bank Romania S.A. We continue to be actively involved in auctions currently under way on each market, including Germany, the market we entered only recently”, said Piotr Krupa.
In the first three quarters of 2015, companies of the KRUK Group purchased 48 debt portfolios with a nominal value of PLN 2.9bn for PLN 291m. In Q3 alone, KRUK invested nearly PLN 71m in portfolios with a nominal value of PLN 607m, purchased in all its markets, including Germany.