Kruk buys liabilities worth over PLN 700 mln

Poland's largest bulk debt collector Kruk has won a  tender to purchase a liabilities portfolio worth PLN 718 million from Poland's largest lender PKO BP, the media reported citing a company press release. According to the debt collector, the transaction is the second biggest completed this year and the third largest in the entire group's history. Kruk stressed that the deal will enhance its leading position in Central Europe. Kruk recorded consolidated net profits of PLN 151.8 million in 2014.