KRUK International Managed Receivables Worth RON6.3B In Jan-Sep
KRUK International, the Romanian branch of Polish group KRUK, took over in the first nine months of this year receivables with a total book value of 6.3 billion lei (EUR1.45 billion), up 54% from RON4.1 billion in the same interval of 2010.
The value of recovered amounts from purchase debts saw a 67% year-on-year increase in the timeframe analyzed, to some RON229.5 million, from RON138 million.
“During the first 9 months of the year, KRUK invested about EUR100 million for the purchase of non performing credits portfolios in Romania and Poland,” the company said in a news release.
KRUK international specializes in integrateed receivables management, with clients including lenders, as well as companies. (EUR1=RON4.3497)
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