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 worth nominally over PLN 3.1bn.

In Q4 2020, cash collections from portfolios owned by the Group topped PLN 488m, up 3% year on year and over 7% quarter on quarter. 76% of total amounts recovered in 2020 came from Poland and Romania.

“We have behind us another quarter with an increase in receipts from our Clients. In particular, collections of unsecured retail debt on the Polish market remained strong. Given the developments we witnessed in 2020, this was certainly a very good result,” says Piotr Krupa, CEO of KRUK S.A. “At the same time, we are keeping track of the COVID-19 related situation on each of our markets.”

In Q4 2020, KRUK invested PLN 344m in debt portfolios with an aggregate nominal value of PLN 2,307m. These investments accounted for 75% of all debt purchases made in 2020. The largest sums were invested on the Polish market, mainly in unsecured retail portfolios. In 2020, KRUK invested a total of PLN 456m in Poland, Romania, Spain and the Czech Republic.

 “It is hard to compare last year’s investments with those made in 2019, as the pandemic outbreak caused a near complete freeze of the market for a span of two quarters in 2020. However, as demonstrated by the last quarter of the year, the market has bounced back to activity, albeit still mainly in Poland. The investments we made during the last quarter were our largest purchases of 2020, on a par with those made in the fourth quarter of 2019. In this challenging year, it was quite a satisfactory level of investments. However, we are prepared – operationally, financially and in terms of our liquidity position – to take on larger transactions,” concludes Piotr Krupa, CEO of KRUK S.A.