24/10/2019
KRUK after three quarters of 2019
On October 24th, KRUK announced its Q3 2019 financial results:
Q1–Q3 2019 net profit came in at PLN 245m, representing 74% of the full-year 2018 figure. Performance in Q3 2019 improved by 12% compared with Q2 2019 and deteriorated by 14%...
16/10/2019
KRUK finalises acquisition of GetBack’s assets in Romania
On October 16th 2019, KRUK finalised a debt assignment transaction on the Romanian secondary market, becoming the owner of a debt portfolio comprising more than 640 thousand cases. The assets were acquired from GetBack Recovery S.R.L. for PLN 37.4m,...
30/04/2019
KRUK signs Wonga acquisition agreement
KRUK has signed an agreement to acquire all shares in wonga.pl sp. z o.o., a company operating on the online lending market in Poland. The transaction was earlier approved by the President of the Office of Competition and Consumer Protection.
The...
25/04/2019
KRUK reports strong start into the year
KRUK has published Q1 2019 financial results:
In Q1 2019, the Group earned PLN 97.9m in net profit, one of the highest bottom-line figures on record, representing 30% of the full-year net profit reported for 2018.
Recoveries from purchased...
18/03/2019
KRUK bets on Wonga’s Team in Poland
KRUK has signed a letter of intent to acquire all shares in wonga.pl sp. z.o.o., a company operating on the online loan market in Poland. A final share purchase agreement and regulatory clearance will be needed to close the transaction....
07/03/2019
KRUK's net profit rose by 12% in 2018
KRUK S.A. published FY 2018 results:
In 2018, the KRUK Group reported net profit of PLN 330m, which represents an increase of 12% on 2017 and the Group’s best result on record. In Q4 2018, net profit was PLN 51m.
Recoveries from...
10/01/2019
KRUK sets two new records
KRUK concludes 2018 with investments in new portfolios at PLN 1.39bn (+43% yoy) and PLN 1.58bn of cash recoveries (+15% yoy) – both the highest numbers in KRUK’s history. Nominal value of all portfolios purchased in 2018 equals PLN...
