In line with the adopted disclosure policy, KRUK S.A. (KRUK, the Company) announces that, in connection with the Company’s strategy to strengthen its position on the debt purchase market, the expenditure on debt portfolios purchased by the KRUK Group (the Group) in Q4 2016 grew by 76% year on year, to PLN 347.25m.
The nominal value of debt purchased by the Group in Q4 2016 amounted to PLN 8.05bn.
The recoveries from the management of purchased portfolios grew in Q4 2016 to PLN 290.48m, that is by 32% year on year.
The aggregate expenditure on debt purchased by the Group in Q1−Q4 2016 was PLN 1.28bn (with the nominal value of cases amounting to PLN 16.44bn), up 163% on the four quarters of 2015.
The recoveries from the management of purchased portfolios in Q1-Q4 2016 grew to PLN 992.30m, that is by 20% year on year.
The Company further announces that details concerning the financial results achieved by the Company and the KRUK Group in the year of 2016 will be given in the consolidated interim report for FY 2016.