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, Kruk spent PLN 1.3 billion on such assets. The company is the largest debt management company in Poland. In the first three months of this year, it had a PLN 80 million net profit compared with PLN 61 million a year earlier.