Kruk buys liabilities worth PLN 760 mln

Poland's largest bulk debt collector Kruk signed an agreement with Piraeus Bank Romania to purchase a liabilities portfolio valued at PLN 761 million for PLN 50 million, the firm's CEO informed. "The agreement is a result of our eight-year experience in Romania and a leading position in the market. To us, the transaction means [we have reached the] next stage in building one of the largest bulk debt collecting companies in Europe," Piotr Krupa, the CEO said. The company recorded consolidated net profits of PLN 151.8 million in 2014.