08/07/2016
Current Report No. 75/2016: 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 July 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 Q2 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 Q2 2016 amounted to PLN 667m, while the nominal value of the debt purchased by the KRUK Group in the period amounted to PLN 6bn. In comparison, the total expenditure on debt portfolios purchased by the KRUK Group in Poland and abroad in Q2 2015 was PLN 176.6m, with the nominal value of the debt amounting to PLN 1.8bn.
The total expenditure incurred by the KRUK Group to purchase debt portfolios in H1 2016 was PLN 730.7m, while the nominal value of the debt purchased by the Group in the period amounted to PLN 6,4bn. In comparison, the total expenditure incurred on debt portfolios purchased by the Group in Poland and abroad in H1 2015 was PLN 220.5m, with the nominal value of the debt amounting to PLN 2.3bn.
The expenditure incurred in H1 2016 does not include the expenditure of approximately PLN 203m on debt portfolios with a nominal value of PLN 2.6bn, described in Current Report No. 45/2016 of May 20th 2016.
Recoveries on purchased debt portfolios
Total recoveries collected in Q2 2016 on debt portfolios purchased by the KRUK Group in Poland and abroad amounted to PLN 230m. In comparison, total recoveries collected in Q2 2015 on debt portfolios purchased by the KRUK Group in Poland and abroad amounted to PLN 211m.
Total recoveries collected in H1 2016 on debt portfolios purchased by the KRUK Group in Poland and abroad amounted to PLN 446.3m. In comparison, total recoveries collected in H1 2015 on debt portfolios purchased by the KRUK Group in Poland and abroad amounted to PLN 398.2m.
The Company further announces that details concerning the financial results achieved by the Company and the KRUK Group in Q2 2016 will be provided in the consolidated interim report for H1 2016, scheduled for publication on August 28th 2016.