GetBack buys PLN 125 mln debt portfolio

WSE-listed debt collector GetBack purchased a PLN 125 million debt portfolio in a tender held by one of the Polish lenders, the company said in a market filing. GetBack added that by mid-Q3, the company already reached the PLN 912 million figure spent on debt portfolios last year. “Thanks to resources from the IPO and bond issues, we are able to buy more valuable debt portfolios. Adding to that the fact that the value of debt collection is also on the rise, we believe that it will be reflected in the company’s financial results. We’re continuously working on acquiring new debt portfolios,” company’s CEO Konrad Kąkolewski said.