Mon. Nov 11th, 2024

Update: Kruk 2024 Total Recoveries: Pln 2,6M, +14% Y/Y, Mostly From Abroad

ByLisa Luckas

10/09/2024
a woman standing in a kitchen holding an applePhoto by Look Studio
  • Poland’s KRUK S.A. reported Q3 2024 recoveries of PLN 864 million, up 10% YoY, down 2% QoQ, exceeding estimates by 12%.
  • Investments in debt portfolios were PLN 743 million, focusing on unsecured retail debt, mostly outside Poland.
  • Total 2024 recoveries were PLN 2,602 million, up 14% YoY.

Wed Oct 09 14:06:10 -0000 2024 UTC– KRUK S.A. recovered PLN 864 million in Q3 2024, up 10% year on year, with most recoveries from abroad. Investments totaled PLN 743 million, focusing on unsecured retail debt.

CEO Piotr Krupa is satisfied with investments and returns, Kruk said in an emailed statement.

In the three months ended 30 September 2024, the KRUK Group invested PLN 743 million in debt portfolios with a nominal value of PLN 3.4 billion, compared with PLN 812 million of debt investments with a nominal value of PLN 4.6 billion in the third quarter of 2023.

In the nine months ended 30 September 2024, the KRUK Group invested PLN 1,643 million in debt portfolios with a nominal value of PLN 9.2 billion, compared with PLN 1,989 million of debt investments with a nominal value of PLN 10.1 billion in the nine months ended 30 September 2023. 99% of all the purchases involved unsecured retail debt.

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ByLisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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