News

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...

27/04/2021

Eighth public bond issue programme

Today, the Management Board of KRUK S.A. has passed a resolution to establish the Eighth Public Bond Issue Programme, whereby KRUK will be able to issue public bonds with a total nominal value of up to PLN 700m under a prospectus for a year from the...

09/04/2021

Very good recoveries and above-budget investments posted for first quarter of 2021

In the three months to March 31st 2021, recoveries from portfolios purchased by the KRUK Group totalled PLN 512m, up PLN 34m, or 7% year on year, marking the best quarter in terms of recoveries in the Group’s operating history....

25/03/2021

KRUK closes 2020 with net profit of PLN 81m and record cash EBITDA of PLN 1.2bn

Today, the Management Board of KRUK S.A. has published the Group’s earning figures for 2020, which are in line with initial estimates. The KRUK Group reported a net profit of PLN 81m for 2020, down 71% year on year, with cash EBITDA at PLN...

17/03/2021

Estimated 2020 earnings and recommendation to distribute profit to shareholders

The Management Board of KRUK S.A. has issued today a current report presenting preliminary estimates of the KRUK Group’s 2020 performance: net profit of PLN 81m and cash EBITDA of PLN 1,236m. The Management Board of KRUK S.A. has also...

18/02/2021

KRUK places PLN 20m of Series AK2 bonds with 82% reduction rate

On February 18th 2021, KRUK allotted 200,000 Series AK2 ordinary bearer bonds with a total nominal value of PLN 20m. Subscriptions opened on February 3rd and closed on February 16th 2021. It was the Company’s second and this year’s first...

29/01/2021

KRUK launches AK2 bond issue

On January 29th 2021, KRUK published the Final Terms and Conditions of its Series AK2 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...

08/01/2021

KRUK in 2020: PLN 1.8bn in cash collections and PLN 0.5bn in new investments

In 2020, the KRUK Group’s collections from purchased portfolios reached PLN 1.83bn, up by 3% on 2019, representing a new record for the Group. Over the same period, the Group invested PLN 456m across four markets, buying new debt portfolios...