Record profits of Kredy Inkaso S.A. Capital Group after 3 quarters of 2011/12

After three quarters of 2011/12, Kredyt Inkaso S.A. Capital Group generated the record net profit in the amount of PLN 15.93 million with the income of PLN 40.20 million.

The net profit of Kredyt Inkaso S.A. Capital Group amounted to PLN 15.93 million with PLN 5.92 million of the net profit in the previous year. The increase in the net result amounts to over 169%! The Company's income after three quarters of the financial year 2011/12 amounted to PLN 40.20 million and were by almost 33% higher, in comparison with income after three quarters of 2010/11 (PLN 30.27 million).
The third quarter was significant for us; we have completed the most considerable transaction of debt packages purchase in our history. The nominal value of two debt portfolios purchased from PKO BP amounted to over PLN 1.035 billion, with the paid price of over PLN 142 million. - says Artur Górnik, the President of Kredyt Inkaso S.A. Management Board.
In November, the Company issued two series of bonds amounting to PLN 87 million in total. Proceeds from the issue were appropriated for financing of debt packages purchased from PKO BP. Moreover, at the beginning of January, Kredyt Inkaso S.A. obtained the further PLN 40 million allocated for debt purchases. Conducted recapitalization is the effect of adopted strategy that assumes achieving a significant position on the banking receivables market.

It is worth emphasizing that the company has been honoured in the ranking Poland's Most Productive Companies that has taken the first place in the category "Other financial activities" outdistancing, among others, its greatest competitors from the branch.