KRUK grows in Europe, invests PLN 2.3bn and recovers PLN 2.6bn in 2022

Recoveries from purchased portfolios posted by the KRUK Group for 2022 totalled PLN 2.6bn, up 18% year on year. In the three months to December 31st 2022 alone, recoveries were PLN 697m, up 16% year on year and 7% quarter on quarter.

‘We posted record-high recoveries in 2022 as a result of our hard work across many areas, both operational and analytical. The strong performance was driven by a number of factors – not only the scale of our debt holdings but also our commitment to work on new solutions, including online tools, and the growing importance of the legal process,’ said Piotr Krupa, KRUK CEO. ‘We are growing on all markets, and we work internationally to develop optimal solutions that would work locally. Our efforts are reflected in the 2022 recoveries figures, but our ambitions for further growth don’t stop there.’

In 2022, the KRUK Group invested PLN 2.3bn in debt portfolios with a nominal value of nearly PLN 13.7bn, compared with PLN 1.7bn of debt investments with a nominal value of PLN 9.7bn in 2021. 90% of all purchases involved unsecured retail debt. In the three months to December 31st 2022, KRUK invested PLN 961m in debt portfolios with an aggregate nominal value of over PLN 5.9bn.

 ‘We ended the past year with record investments, focusing primarily on unsecured retail debts. Importantly, 80% of our investments were made outside Poland, mainly in Spain and Italy. The importance of these markets for us will be growing in the coming years. As our performance improves, recoveries increase and our experience expands, we sharpen our competitive edge also outside Poland,’ explained Piotr Krupa. ‘I am pleased with the level of recoveries and investments in 2022. What is important, some of the agreements we have signed, the so-called forward flow agreements, enable us to make debt purchases in 2023 as well, already providing us with new investment opportunities. We are like a well-oiled machine which today is reaping the benefits of 25 years of hard work and which, looking at our team, technological progress and international expansion, is capable of delivering even better results.


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