News

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,...

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...

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