KRUK to purchase debt portfolio worth over a billion złoty in the attractive Romanian corporate market

The KRUK Group, a Polish leader of debt management in Central Europe, has won an auction to purchase a corporate debt portfolio in Romania, with a nominal value of PLN 1.2bn.

‘The successful tender will strengthen our lead on the debt management market in Romania. At the same time, it will enhance our potential in the particularly attractive segment of corporate debt. In this way, we are successfully applying our experience from the Polish market in Romania. We first gained a foothold in the Romanian market last years, with the investment in 2016 in corporate debt portfolios worth more than PLN 800m nominal. Today’s investment will substantially expand the scale of our business,’ says Piotr Krupa, CEO of KRUK S.A.

In 2016, KRUK invested nearly PLN 1.3bn in debt portfolios with a total nominal value of PLN 16.4bn. In Romania alone, KRUK purchased 30 debt portfolios, with a total nominal value close to PLN 3.7bn, for nearly PLN 380m.

KRUK is the largest and best recognised debt management company in Romania. In 2016, KRUK’s brand awareness was 69%*, against 19% for its main competitor.

CR: https://en.kruk.eu/investor-relations/reports/current-reports/current-report-no-23-2017-subsidiary-wins-tender-for-a-debt-portfolio-on-the-romanian-market 

(*) - iSense Solutions, January 2017, n=619