Kruk to reach PLN 1 bln in portfolio purchases in 2016 - CEO
15:42
Poland's largest bulk debt collector Kruk plans to spend PLN 200-500 million on debt purchases to end-2016, Kruk CEO Piotr Krupa announced.
"There are many projects on all the markets we operate on and it seems that the level of several hundred million zloty is realistic," Krupa said. "The range is broad - from PLN 200 million to PLN 400-500 million."
In H1, the company allocated PLN 728 million on debt purchases. The group intends to reach PLN 1 billion in portfolio purchases this year.
Kruk is the largest bulk debt collection company in Poland. Currently, it also operates in Romania, Slovakia and the Czech Republic. Since May 2011, the company has been quoted on the Warsaw Stock Exchange.
