08/04/2016
Current Report No. 26/2016: Expenditure and recoveries on debt portfolios purchased by the KRUK Group
In connection with the disclosure policy launched and described in Current Report No. 39/2012 of October 10th 2012 and Current Report No. 13/2015 of April 10th 2015, the Management Board of KRUK S.A. (the “Company”, the “Issuer”) announces that on April 8th 2016 it passed a resolution specifying the nominal value of debt portfolios purchased, and expenditure incurred by the KRUK Group companies, as well as recoveries on purchased debt portfolios collected by the KRUK Group in Q1 2016.
Expenditure on debt portfolios
According to the above resolution, the total expenditure incurred by the KRUK Group to purchase debt portfolios in Poland and abroad in Q1 2016 amounted to PLN 64.1m, while the nominal value of the debt purchased by the KRUK Group in the period amounted to PLN 412.9m. In comparison, the total expenditure on debt portfolios purchased by the Group in Poland and abroad in Q1 2015 was PLN 44.9m, with the nominal value of the debt amounting to PLN 511.2m.
Amount invested in Q1 2016 does not include the transaction with Presco Investments Limited which amounts to PLN 216.8m. Issuer informed about this transaction in Current Report No. 91/2015 of December 23rd 2015.
Recoveries on purchased debt portfolios
Total recoveries collected in Q1 2016 on debt portfolios purchased by the KRUK Group in Poland and abroad amounted to PLN 216.5m. In comparison, total recoveries collected in Q1 2015 on debt portfolios purchased by the KRUK Group in Poland and abroad amounted to PLN 187.2m.
The Company further announces that details concerning the financial results achieved by the Company and the KRUK Group in the Q1 of 2016 will be given in the consolidated interim report for Q1 2016.
Detailed legal basis: Par. 5.1.25 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information to be published by issuers of securities […].