PRA Group to enter Polish market

American debt collecting comapny PRA Group has purchased bad debt from Grtin Noble bank worth aorund PLN 300 million, Parkiet.com reported. “We have been informed that PRA Group was interested in the Polish market for years so we are not surprised with their decision,” Piotr Krupa, CEO of Kruk, said. Kruk is Poland's biggest debt collector. PRA acquired Norwegian Aktiv Kolekt last year and in experts’ opinion “entering the Polish market is a natural step forward” for the company, the daily said. Portfolio Recovery Associates (PRA) is the world's biggest debt collector and has been operating for over 20 years. In 2013, the company recorded a revenue of $735.13 million.