News

09/07/2021

KRUK reports over PLN 1bn in recoveries and almost PLN 650m in investments for first six months of 2021

Recoveries from portfolios purchased by the KRUK Group came in at PLN 554m in the second quarter of 2021 and at PLN 1.07bn in the first six months of the year. This represents a 33% increase on the second quarter of 2020 and a 19% rise on the first...

28/06/2021

KRUK has issued record-breaking PLN 330m worth of bonds to institutional investors, bearing interest at 3.7% plus 3M WIBOR

KRUK has announced today that it allotted to investors PLN 330m worth of six-year unsecured Series AL1 bonds, under the First Bond Issue Programme without a Prospectus. The bonds were offered to institutional investors. The price per bond is equal...

23/06/2021

KRUK to issue two series of bonds with a total value of nearly PLN 400m

KRUK has announced two new bond issues intended for retail and institutional investors. After the PLN 70m issue of AK3 bonds closed on June 10th, wich met with strong interest among investors (a 28% order reduction), KRUK is returning to the primary...

17/06/2021

KRUK returns to investing in Italy

Today, KRUK announced in a current report that it has entered into an agreement to purchase debt portfolios from UniCredit S.p.A. of Milan. KRUK has purchased unsecured retail debt with the nominal amount up to PLN 1.4bn (EUR 304m), including four...

16/06/2021

KRUK shareholders approve payment of over PLN 200m in dividend

Today, in a current report, KRUK announced that the Company’s General Meeting adopted resolutions on, inter alia, payment of dividend of PLN 11 per share, allocating for this purpose PLN 81m of 2020 profits and PLN 125m of retained earnings....

10/06/2021

Investors subscribe for almost PLN 100m worth of KRUK bonds, with reduction rate in excess of 28%

On June 10th 2021, KRUK allotted 700,000 Series AK3 ordinary bearer bonds with a total nominal value of PLN 70m. Subscriptions opened on May 24th and closed on June 8th 2021. It was the Company’s third and this year’s second...

24/05/2021

2021 off to a good start for KRUK

The Management Board of KRUK S.A. has released today the Company’s Q1 2021 results, in line with earlier estimates. The KRUK Group’s consolidated net profit for Q1 2021 came in at PLN 127m, its best ever quarterly bottom-line...

20/05/2021

KRUK to issue PLN 70m of bonds for retail investors

On May 20th 2021, KRUK published the Final Terms and Conditions of its Series AK3 bonds. The bonds will be distributed via a public offering at an issue price equal to their nominal value of PLN 100 per bond, with the aggregate nominal value not to...

07/05/2021

KRUK invests in debt portfolios in Spain

KRUK has announced in a current report today that it has signed an agreement to purchase debt portfolios in Spain from Cofidis S.A. Sucursal en Espana. KRUK invested in unsecured retail portfolios with a nominal value of PLN 415m (EUR...

05/05/2021

KRUK announces profit estimates and increases dividend recommendation

The Management Board of KRUK S.A. has announced in a current report today that preliminary estimates put the KRUK Group’s net profit for the first quarter of 2021 at PLN 127m, with cash EBITDA at PLN 364m. Furthermore, the Management Board has...