Kruk bought PLN 1.58 bln worth of outstanding debt in Q4 2014

Kruk S.A bought PLN 1.58 billion worth of outstanding debt for PLN 215.4 million in Q4 of the previous year. In the same period of 2013, the company acquired PLN 1 billion worth in receivables for PLN 82.2 million, announced the company in a press release. Kruk spent PLN 570 million for purchasing PLN 3.78 billion of outstanding debt in 2014, compared to PLN 367.2 million for PLN 3.79 billion worth in receivables in 2013. “Thanks to the investments made in the last four years, which amounted to PLN 1.8 billion we have built a significant base of portfolios. New geographical markets, a strong position in the consumer debt sector, a new mortgage debt market and a corporate debt market are the pillars on which we base further growth of our company,” Piotr Krupa, the CEO of Kruk S.A, was quoted as saying in the statement. Kruk S.A is Polish bulk debt collection company.