News

18/03/2020

KRUK for the sake of the safety process participants abandons the offering of Series AJ2 bonds

The Management Board of KRUK S.A. has announced its decision to abandon the offering of Series AJ2 bonds. Made in response to the coronavirus epidemic spreading in Poland, the decision was guided by the sense of responsibility for the public, as...

12/03/2020

KRUK launches retail bond issue

March 19th 2020 is the planned opening date of the subscription period for this year’s first issue of public bonds as part of KRUK’s Sixth Bond Programme. The subscription period will end on April 1st 2020. The total nominal value of the...

05/03/2020

KRUK posts PLN 277m in net profit and over PLN 1.1bn

KRUK S.A. has published its consolidated financial results for 2019: Net profit at PLN 277m, down 16% year on year Cash EBITDA at PLN 1.1bn, up 12% year on year Recoveries from purchased debt portfolios at PLN 1.8bn, up 13% year on...

14/02/2020

Management Board's comment on the share price

In connection with a 10,6% decrease in the KRUK share price on February 13th 2020, the KRUK Management Board announces that no events occurred at the Company that could justify a significant price decline. At the same time, following press reports...

10/01/2020

KRUK in 2019: PLN 1.78bn in recoveries, with investments at PLN 781m, estimated net profit PLN 304m

Recoveries in 2019 from the KRUK’s purchased debt portfolios amounted to PLN 1.78bn, representing the Group’s all-time record and a 13% growth on previous year. At the same time, the KRUK Group invested totally PLN 781m in new debt...

13/12/2019

KRUK wins the tender to purchase bank debt portfolio in Italy

As previously announced, in the fourth quarter of this year KRUK resumed its investment activity on the Italian market. On December 13th 2019, ItaCapital S.r.l., a member company of the KRUK Group, won an auction to purchase a portfolio of unsecured...

19/11/2019

CJEU rulings are a source of opportunities rather than threats to KRUK (Parkiet daily)

In an interview with the Parkiet business daily KRUK CEO Piotr Krupa commented on the small exposure and low risk of a negative impact on performance of secured debts under foreign currency mortgage loans in Poland following the CJEU ruling of...

25/10/2019

KRUK wins the tender for the purchase of the bank debt portfolio

On October 25th 2019, PROKURA (a subsidiary of KRUK S.A.) won an auction for the purchase of a portfolio of secured and unsecured bank receivables, organised by one of the largest banks in Poland. PROKURA Niestandaryzowany Sekurytyzacyjny Fundusz...

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,...

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