News

10/07/2020

Recoveries at PLN 417m in second quarter of 2020

Recoveries from portfolios held by the KRUK Group totalled PLN 894m in the first half of 2020, having risen 2% year on year. All the markets where KRUK operates were affected to varying degrees by the COVID-19 pandemic and related lockdown...

28/05/2020

KRUK’s Q1 performance figures down over PLN 125m in the wake of COVID-19

KRUK in the first part of 2020 – summary: COVID-19 and its after-effects had an adverse impact on debt portfolio collections in March–April 2020; Recoveries in April 2020 totalled 85% of the operational target for 2020; A PLN...

22/05/2020

Despite strong cash EBITDA, COVID-19 has led to the KRUK Group's posting an estimated net loss for Q1 2020

Despite record recoveries in Q1 2020 and preliminary estimated record cash EBITDA*, the KRUK, acting in accordance with accounting requirements (IFRS 9), factored in the expected effect of the COVID-19 pandemic when estimating the preliminary...

30/04/2020

Changes on the Management Board of KRUK S.A.

On April 30th 2020, KRUK S.A. announced changes in the composition of its Management Board. Agnieszka Kułton, responsible for credit management, resigned from her position as a member of the Management Board, citing health reasons. She will remain...

21/04/2020

KRUK begins work on its 7th Public Bonds Programme

The Management Board of KRUK S.A. has passed a resolution to establish the 7th Bonds Programme with a total nominal value of up to PLN 700m, whereby the Company will be able to issue public bonds (“Bonds”) under a prospectus for a year...

10/04/2020

Despite strong recoveries and a stable liquidity position, KRUK expects the Covid-19 pandemic to have a negative impact on its first-quarter results

In the first quarter of 2020, KRUK invested over PLN 57m in debt portfolios with a total nominal value of PLN 505m. A 68% year-on-year decline in investment was brought about by the global spread of the coronavirus pandemic, which caused the Group...

01/04/2020

KRUK launches bond repurchase

The Management Board of KRUK S.A. has passed a resolution to repurchase a portion of the Company’s dematerialized bonds, with a nominal value per bond, depending on the series, of PLN 100 or PLN 1,000. The repurchase may continue until...

19/03/2020

Commentary by Piotr Krupa, President of KRUK S.A. on the current situation and activities of the KRUK Group - 19/03/2020

KRUK has published a video with the statement of Piotr Krupa, President of the Management Board, on the activities of the KRUK Group in current conditions. I decided to comment on the current situation of the KRUK Group in the context...

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...

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