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24/10/2019

KRUK after three quarters of 2019

On October 24th, KRUK announced its Q3 2019 financial results: Q1–Q3 2019 net profit came in at PLN 245m, representing 74% of the full-year 2018 figure. Performance in Q3 2019 improved by 12% compared with Q2 2019 and deteriorated by 14%...

16/10/2019

KRUK finalises acquisition of GetBack’s assets in Romania

On October 16th 2019, KRUK finalised a debt assignment transaction on the Romanian secondary market, becoming the owner of a debt portfolio comprising more than 640 thousand cases. The assets were acquired from GetBack Recovery S.R.L. for PLN 37.4m,...

10/10/2019

KRUK in Q3 2019: Investments in four countries and PLN 433m in recoveries from purchased debt portfolios.

In Q3 2019, KRUK invested PLN 83m in debt portfolios with a total nominal value of almost PLN 734m. Over the same period, recoveries from debt portfolios held by the KRUK Group came to PLN 433m. In the third quarter, the KRUK Group invested in 33...

05/09/2019

Solid recoveries from purchased portfolios in Poland and Romania; strong H1 2019 cash EBITDA

KRUK has published H1 2019 financial results: H1 2019 net profit came in at PLN 167.0m, representing 51% of the full-year 2018 figure. It was also 12% lower than in the corresponding period of last year. Net profit for Q2 2019 amounted to PLN...

29/05/2019

KRUK counts on the public bond market and accordingly modifies main strategic goal for 2019-2024

KRUK is currently in the process of approval of the prospectus for the 6th Bond Issue Programme by the KNF (Polish Financial Supervision Authority). During the course of the process KNF presented its interpretation treating the strategic goal of the...

30/04/2019

KRUK signs Wonga acquisition agreement

KRUK has signed an agreement to acquire all shares in wonga.pl sp. z o.o., a company operating on the online lending market in Poland. The transaction was earlier approved by the President of the Office of Competition and Consumer Protection. The...

25/04/2019

KRUK reports strong start into the year

KRUK has published Q1 2019 financial results: In Q1 2019, the Group earned PLN 97.9m in net profit, one of the highest bottom-line figures on record, representing 30% of the full-year net profit reported for 2018. Recoveries from purchased...

18/03/2019

KRUK bets on Wonga’s Team in Poland

KRUK has signed a letter of intent to acquire all shares in wonga.pl sp. z.o.o., a company operating on the online loan market in Poland. A final share purchase agreement and regulatory clearance will be needed to close the transaction....

07/03/2019

KRUK's net profit rose by 12% in 2018

KRUK S.A. published FY 2018 results: In 2018, the KRUK Group reported net profit of PLN 330m, which represents an increase of 12% on 2017 and the Group’s best result on record. In Q4 2018, net profit was PLN 51m. Recoveries from...

10/01/2019

KRUK sets two new records

KRUK concludes 2018 with investments in new portfolios at PLN 1.39bn (+43% yoy) and PLN 1.58bn of cash recoveries (+15% yoy) – both the highest numbers in KRUK’s history. Nominal value of all portfolios purchased in 2018 equals PLN...

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