Locked content GetBack to acquire PLN 600 mln debt portfolio

Debt collection firm GetBack has won a tender for a debt portfolio with a nominal value of PLN 600 million, the company informed in a press release. The firm’s CEO said that for the entire 2017, the firm expects to acquire a total of PLN 2 billion worth of debt. Over the first three quarters… ...

Locked content Best collecting on debts

Best Group, a large debt collection company in Poland, in 2016 earmarked for investments portfolios a total of PLN 258.3 million in new debts, the company announced in a press release on Friday. Also, they acquired debt portfolios with a total nominal value of PLN 2.27 billion. In the fourth quarter...

Locked content Kruk spent PLN 1.3 bln on debt portfolios in 2016

Debt collector Grupa Kruk invested a total of PLN 1.3 billion in 99 debt portfolios, with a total nominal value of PLN 16.1 billion. A similar level of acquisitions will be difficult to repeat this year, CEO Piotr Krupa stated. “In 2016, some two-thirds of our investments were done abroad. Over the ...

Locked content Kruk looking for acquisitions

In an attempt to increase its share capital, the Polish company Kruk, which specialises in debt collection, is planning to acquire small and medium-sized companies over the next year.  “Kruk is building an organization in Western Europe of debt and liquidity management, and prefers to finance the pu...

Locked content Kruk acquires portfolio on Italian market for €4 bln

Poland’s largest bulk debt collector Kruk has acquired a portfolio with a nominal value of €930 million on the Italian market for € 3.996 billion, the company informed in a market filing. In H1, the company allocated PLN 728 million on debt purchases. The group intends to reach PLN 1 billion i...

Locked content Kruk announces fourth bond program worth PLN 500 mln

Poland’s largest bulk debt collector Kruk is setting up a fourth public bond purchase program of up to PLN 500 million, the company announced in a market filing. According to Kruk’s new program, issues of particular bond series will be carried out within 12 months from the day of prospec...

Locked content Kruk to reach PLN 1 bln in portfolio purchases in 2016 – CEO

Poland’s largest bulk debt collector Kruk plans to spend PLN 200-500 million on debt purchases to end-2016, Kruk CEO Piotr Krupa announced. “There are many projects on all the markets we operate on and it seems that the level of several hundred million zloty is realistic,” Krupa sa...

Locked content Kruk to trade bonds on Catalyst

The board of the Warsaw Stock Exchange has announced that bulk debt collector Kruk will start trading 50,000 AD1 series bonds on the alternative market, Catalyst, on August 22, 2016. The value of each bond stands at PLN 1,000, the bourse informed. Kruk is the largest bulk debt collection company in ...

Locked content Kruk issues PLN 65 mln bonds

Polish debt collector, Kruk has allocated AB1 bonds worth PLN 65 million maturiting in 5 years, the company reported. “979 investors made total provisions for the amount of over PLN 336 million. The reduction rate was 81 percent,” the statement informed. AB1 series bonds were issued unde...