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 91m).

‘In line with previous announcements, we are working hard to expand our debt portfolio. This year has seen an abundance of auctions across all markets where we operate. Our investment in Spain is a good example of that,’ noted Piotr Krupa, President of the KRUK Management Board. ‘The new portfolio fits very well into our core business line of collecting unsecured retail debts. We are pleased with our recent purchases and overall portfolio performance, therefore we actively participate in further tenders in all our markets,’ Mr Krupa added.

Complete information on investments in the second quarter of 2021 will be published by KRUK on July 9th 2021.