KRUK buys further bank debt portfolios in Poland

KRUK has announced in a current report today that it has entered into agreements to purchase a portfolio of unsecured retail debt and a portfolio of secured and unsecured mortgage debt from Getin Noble Bank S.A.. The nominal value of the purchased debts is close to PLN 860m.

‘As in previous years, the fourth quarter has been full of transactions and good news from the market – in Poland this time we managed to increase our assets both in our core business of unsecured retail debt and in the business of mortgage debt, which we have held and managed for many years now,’ notes Piotr Krupa, CEO and President of the Management Board of KRUK S.A. ‘I know from experience that the end of a year is a very busy period in terms of investments. Operationalisation of the present transaction will probably be completed as early as 2022, which is also shaping up to be an exciting year in terms of transactions.    

Complete data on the investments and recoveries for the fourth quarter of 2021 will be published by the KRUK Group by January 10th 2022.