Locked content Kruk to buy Italian collection company

WSE-listed debt collector Kruk will buy 51 percent stake in the collection company operating on the Italian market, the company said in a market filing. Provisions of the offer assume increasing the stake to 100 percent over the next few months. “We are consistently implementing our strategy for 201...

Locked content Kruk hungry for acquisitions

According to the CEO of WSE-listed debt collector Kruk, Piotr Krupa, the company wants to increase its M&A activity. “We feel strong and ready to consolidate the market. I think there will be such occasions. The competitive pressure on the market in previous periods was significant and a lot of ...

Locked content Kruk Q4 profit plummets – preliminary figures

According to preliminary estimates, WSE-listed debt collector Kruk had PLN 300 million net profit in 2017 a 20.6 percent y/y growth. The Q4 figure stood at PLN 9 million, compared to PLN 62.9 million Q4 profit in 2016. The company spent PLN 976 million on debt portfolios of PLN 16.4 billion nominal ...

Locked content Kruk to issue up to PLN 500 mln bonds

WSE-listed debt collector Kruk will issue up to PLN 500 million worth of bonds in the next 12 months under a new bond issue program pending approval by the Financial Supervision Authority KNF. The bonds will be denominated in PLN or €, and their terms and value will depend on the market conditions&#...

Locked content Kruk spent PLN 2.6 bln on debt portfolios in Q3

WSE-listed debt collector Kruk spent PLN 2.63 billion in Q3 on acquiring debt portfolios, the company said in a market filing. The figure is 34 percent higher y/y. In the same period, the company’s CAPEX amounted to PLN 261 million, up by 27 percent y/y. The bulk of portfolios were acquired in Polan...

Locked content Kruk acquires PLN 420 mln debt portfolio

WSE-listed debt collector Kruk, through its subsidiary Prokura NS FIZ, won the tender for PLN 419.7 million debt portfolio of Getin Noble Bank, the company said in a market filing. This is another portfolio acquired by Kruk recently, after buying PLN 550 million debt from Deutsche Bank. In 2016, Kru...

Locked content Kruk asks UOKiK for permission to takeover Bison NSFIZ

WSE-listed debt collector Kruk has submitted an application to the antimonopoly watchdog UOKiK for permission to takeover Investment Fund Bison NSFIZ, the office said. The application was submitted on August 17. Bison is a non-standardized securitization closed-end investment fund, currently managed...

Locked content Kruk debt portfolio purchases drop in Q2

WSE-listed debt collector Kruk spent PLN 292 million on debt portfolios in Q2, down by 56 percent y/y, the company said in a market filing. The face value of purchased portfolios dropped by 41 percent to PLN 3.53 billion. Debt recovery went up by 47 percent to PLN 338 million….

Locked content Kruk with €250 mln loan agreement

WSE-listed debt collector Kruk has signed a  revolving €250 million loan agreement with a syndicate of four banks: DNB Bank, BZ WBK, mBank and ING Bank Śląski, the company said in a market filing. Kruk will spend the money on purchase or refinancing of purchase of debt portfolios abroad. “This is a ...