Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. KRUK reports 15% growth in the value of...

KRUK reports 15% growth in the value of portfolios held in Romania at the end of 2023, to EUR 335 million

May 8, 2024

  KRUK Group, the largest debt management company in Central and Eastern Europe with operations in seven countries, reported for 2023 portfolios with a total value of approximately EUR 335 million, up 15% from 2022. KRUK's customers paid debts amounting to almost EUR 150 million in 2023, 7% more than the previous year. KRUK SA is listed on the Warsaw Stock Exchange and currently has a market capitalization of almost two billion euros.   The company's data show that the non-performing loan portfolios on the balance sheets of banks in Romania represent about EUR 3.3 billion, maintaining the downward trend in the past six years.   In Romania, unsecured retail and corporate debt portfolios worth EUR 1.6 billion were sold in 2023, according to company estimates. The nominal value of the portfolios under KRUK Romania's management during 2023 amounted to almost EUR 78 million, which represents 11% of the Group's total investments, while the debts paid by KRUK's clients in Romania account for 21% of the total amount at Group level. The company's market share in terms of investments in unsecured debt portfolios in Romania is estimated at 63%.   "The company's performance has been significantly enhanced by digital transformation. Our main concern has been to move the customer online, so that they have the freedom to manage their own debts and control the payments they make. In parallel, we automated business processes to increase operational efficiency, which gave us a significant competitive advantage. For over two million customers, KRUK is today a digital debt management tool. In total, we invested around EUR 400,000 in digitalization last year and we aim to increase the amount by more than 40% in 2024", said Cosmina Marinescu, KRUK Romania CEO.   The company's investments in digital payment tools have ensured an increase in the volume of full voluntary payments and, thus, in the level of responsibility Romanians assume in terms of debt payments. In 2023, KRUK customers made 66% more online payments than the previous year, and the value of payments increased by approximately 70%. The number of new eKRUK accounts registered in 2023 was up almost 60% compared to 2022 and 75% more payment commitments were signed on the company's platform.   Over the following two years, the company aims to increase investments in digital and financial inclusion through training and social responsibility projects. *** KRUK Romania has been present on the debt management market since 2007 and is the industry leader in financial responsibility, with offices in Bucharest and Targoviste and over 600 employees. The KRUK Group is the largest debt management company in Central and Eastern Europe with operations in Poland, Romania, Czech Republic, Slovakia, Germany, Italy and Spain.    

Read in full - click here
Romania reportedly prepares Golden Visa for foreign investors

Romania is reportedly considering launching a Golden Visa program offering temporary residence permits to non-EU investors in exchange for significant financial commitments in the country, Profit.ro reported. According to the draft bill, the scheme – officially called...

Romania's Social Democrats may insist on hiking minimum wage in January

Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]

Municipality in southern Romania takes EUR 380 mln EIB loan to develop PV park

The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...

Danish Eurowind targets 1 GW in wind farms and BESS in Romania by 2030

The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania.  The target is 1,000 MW installed by 2030, and a third of the group's investments are allocated to Romania, according to

Cristian Geanaliu, Executive Director, Global Markets, Garanti BBVA Romania: Inflation between monetary policy and fiscal reality

Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a […]

IPO for Grup EM/Electromontaj hits only 25% mark one day before deadline

One day before the closing of the subscription phase for the IPO at Grup EM, which includes Electromontaj among other companies in the group, reached a subscription level of only a quarter of the total securities put up for sale. The relative caution of investors can be explained by a combination of bad memories from […]