Locked content Kruk invests PLN 341 mln in debt portfolios in Q4

In Q4 Kruk invested PLN 341 million in debt portfolios with a total nominal value of PLN 2.6 billion, registering a 65 percent increase y/y. During the same period, the repayments from purchased portfolios amounted to PLN 432 million, an increase of 15 percent versus Q4 2017. The nominal value of cl...

Locked content Kruk gets PLN 200 mln credit from ING

Debt collector Kruk jointly with its unit Prokura FIZ signed a credit agreement with ING Bank Śląski for PLN 200 million. The purpose is financing or refinancing of debt portfolio purchases. The credit is granted for the period ending on December 20, 2023. The interest rate is set on market terms ba...

Locked content Kruk with PLN 90 mln Q3 profit

WSE-listed debt collector Kruk had a PLN 89.8 million Q3 net profit, which is a 21 percent y/y growth. EBIT amounted to PLN 126.7 million, a 17.5 percent increase, while revenues reached PLN 288.6 million, up by 11.3 percent y/y. For Q1-Q3, the profit dropped from PLN 291.21 million from last year t...

Locked content Kruk will issue PLN 35 mln bonds

Debt collector Kruk decided to issue up to PLN 35 million AE3 series bonds offered in private subscription. The issue will be carried out by the end of 2018. The company also reported that the nominal value of debt portfolios received by the group was PLN 3.7 billion in Q3, 42 percent more y/y. Kruk...

Locked content Kruk plans to finish strategic options review in 2018

Debt collector Kruk expects to complete the review of strategic options by the end of 2018, the company informed. In H1 Kruk invested PLN 407 million in debt portfolios and plans to increase acquisitions in Poland and abroad in the second half of the year. In Q2 Kruk recorded a consolidated net prof...

Locked content Kruk buys €302 mln Italian debt portfolio

ItaCapital, a subsidiary of WSE-listed debt collector Kruk, won a tender for the purchase of a portfolio of unsecured retail receivables with a nominal value of approx. €302 million on the Italian market, the company said in a market filing. “The Issuer, with a separate report, will inform immediate...

Locked content Kruk considers delisting as one of the strategic options

WSE-listed debt collector Kruk is currently evaluating possible strategic options for the future and delisting it from the Warsaw bourse is one of them, according to the company’s CEO Piotr Krupa. “It’s one of the possible options. We may find an investor who will want to remain on the exchange. How...

Locked content Kruk may buy PLN 1 bln debt portfolio in Spain

Debt collector Kruk has been chosen as the most favorable buyer of unsecured retail receivables portfolio in Spain. The nominal value of the portfolio is €230 million (PLN 1 billion), the company said. The portfolio consists of over 100,000 consumer claims, and the seller is one of the largest finan...

Locked content Kruk: 41% of Poles spend more than planned on holidays

Over 40 percent of Poles spend more than planned during holidays, Kruk research stated. On average expenses for one person amount to PLN 1,677. Those aged 45-55 spend more: about PLN 2,000. The medium length of holidays is 8 to 13 days. More than one-third of Poles (36 percent) will spend holidays i...