Kruk spent PLN 2.6 bln on debt portfolios in Q3

WSE-listed debt collector Kruk spent PLN 2.63 billion in Q3 on acquiring debt portfolios, the company said in a market filing. The figure is 34 percent higher y/y. In the same period, the company’s CAPEX amounted to PLN 261 million, up by 27 percent y/y. The bulk of portfolios were acquired in Poland, where Kruk bought 10 such assets, including PLN 420 million one from Getin Noble Bank. Recoveries increased by 36 percent y/y to PLN 347 million.