Kruk acquires the largest consumer debt portfolio in Romania worth €597 mln

Poland's largest bulk debt collector Kruk has acquired a consumer debt portfolio from Eurobank Group entities with a nominal value of €597 million (PLN 2.64 billion), the company informed. The transaction was implemented in cooperation with IFC, a part of the World Bank. Kruk's investment in the transaction amounts to €46 million. Kruk România SRL will service the entire portfolio, the company said. It is the largest consumer debt portfolio in the history of the Romanian market, a pres release read. Recently, Kruk allocated unsecured bonds worth PLN 135 million and PLN 65 million in corporate bonds in the frame of the PLN 300 million program