KRUK will purchase another debt portfolio in Italy

Today KRUK announces that it was notified of a positive decision by one of the primary financial institutions in Italy concerning conclusion of a debt assignment agreement to purchase a portfolio of unsecured retail debt with a total nominal value of up to EUR 280m (PLN 1,212.7m translated at the average exchange rate quoted by the National Bank of Poland for December 13th 2023).

“We are expanding our market footprint in Italy, and this year has been offering numerous investment opportunities. Our Italian team is robust, as we have informed this year many times,” comments Piotr Krupa, CEO of KRUK S.A. “KRUK is looking to grow its business in Europe’s largest markets, and the Italian market is one of them. We primarily invest in unsecured retail debt, an area where we have established international expertise. By embracing technological transformation and adhering to the LEAN philosophy in our operations, we are enhancing our competitive edge.

Full figures on investments and recoveries for the fourth quarter of 2023 will be published by January 10th 2024.